Hitachi Personal Finance has amended selected rates of its personal loan, cutting the cost of borrowing £5,000 to £7,499 by 0.2% APR to enable it to take the top spot in the Moneyfacts charts.
An unsecured personal loan of £5,000 to £7,499 over a period of two to five years now has a joint market-leading rate of 4.4% APR. Meanwhile, those looking to borrow £7,500 to £10,000 will be charged 3.9% APR, a slight increase of 0.1%, but still a highly competitive rate for this level of borrowing.
Example monthly repayments: £5,000 over three years = £148.31.
Borrowers must be 18 or over in order to apply for this loan. Applications can be made by phone or online.
Borrowers must remember that rates are dependent on the loan size and the length of the term, as well as their credit rating.
The rate cut to a loan of £5,000 to £7,499 has sent this deal right to the top of the charts and ensured its status as a joint market-leader in its sector. Borrowers looking for a smaller personal loan are therefore likely to find this deal highly attractive. This is an outstanding product that fully deserves the highest Moneyfacts rating.
Moneyfacts rating: Outstanding
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