Hitachi Personal Finance has reduced the cost of the majority of its loan tiers by up to 2.7% APR, consolidating its enviable position in the Moneyfacts charts.
A personal loan of £1,000 to £2,499 over a term of two to four years has received the biggest reduction and now has a competitive APR of 12.3%. Over terms of two to five years, a loan of £2,500 to £2,999 now charges an APR of 7.4% (a drop of 0.6%), while a loan of £7,500 to £10,000 charges 3.8% APR (down 0.1%), £10,001 to £15,000 charges 3.8% (down 0.9%) and a loan of £15,001 to £25,000 has an APR of 4.9% APR after a 0.9% reduction.
Example monthly repayments: £7,500 over five years = £137.22.
Borrowers must be 18 years old or over to apply. Applications can be made either by phone or online. Borrowers should remember that rates are dependent on the size of the loan, the term chosen and their credit history.
The significant rate reductions to the vast majority of this personal loan's tiers have ensured its continued place in the charts. The biggest cuts have been seen at the higher loan amounts, which will please those who are looking to consolidate their debts.
Moneyfacts rating: Outstanding
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