‘Outstanding’ personal loan gets rate cut | Product News - Moneyfacts

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‘Outstanding’ personal loan gets rate cut

‘Outstanding’ personal loan gets rate cut

Category: Loans
Date: 01/06/2016

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 It is now over 6 months old so the content may be out of date.

Hitachi Personal Finance has reduced the rate for personal loans of £15,001 to £25,000 by 1.1% APR, reinforcing its status as a best buy.

The basics…

A personal loan of £15,001 to £25,000 over a term of two to five years now has a highly competitive APR of 3.8%, making it an appealing choice for those seeking a higher tier loan.

The finer details…

Example monthly repayments: £20,000 over five years = £365.92.

Applications can be made by either phone or online. Borrowers must be at least 21 years old to apply and should remember that rates are representative and dependent on their credit rating.

Why we like it…

This personal loan was already very eye-catching and held a prominent place in the charts. However, this latest rate cut has heightened its competitiveness even further, solidifying its place among the market-leaders of its sector and earning it yet another outstanding rating.

Moneyfacts rating: Outstanding

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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