Nationwide cuts personal loan rate | Product News - Moneyfacts

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Nationwide cuts personal loan rate

Nationwide cuts personal loan rate

Category: Loans
Date: 09/01/2014

MONEYFACTS ARCHIVE
This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Nationwide Building Society has reduced the rate on selected levels of borrowing by 1.0% APR.

The basics…

For customers looking to borrow between £7,500 and £14,999, the Existing Customer Personal Loan is now offered at a rate of just 4.9% APR. An online version is also available.

Example repayments: £7,500 loan over five years = £140.82.per month

The finer details…

Borrowers need to be existing customers of Nationwide to be eligible for this rate.

Additional application criteria will apply, with the final rate depending on the applicant's credit rating, the term and loan amount.

Why we like it…

This reduction sees Nationwide offering a leading rate for the £7,500 - £14,999 tier.

Four Moneyfacts Stars have been awarded.

What Next?


Compare loan repayments and interest with our easy-to-use loan calculator

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

 

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

 
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