first direct has reduced rates by 0.2% APR on selected unsecured personal loan amounts for existing customers.
Customers looking to borrow between £7,000 and £15,000 can now obtain a highly competitive rate of 4.9% APR.
To take advantage of this rate, borrowers must hold a first direct current account.
first direct is the latest provider to lower the cost of borrowing for mid-tier loan amounts, and although there are lower rates available this reduction means first direct remains competitive in the mid-tier borrowing sector.
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