Reduced loan rates from Santander | Product News - Moneyfacts

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Reduced loan rates from Santander

Reduced loan rates from Santander

Category: Loans
Date: 25/07/2014

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 It is now over 6 months old so the content may be out of date.

Santander has reduced the cost of borrowing for selected loan amounts, boasting reductions of up to 1.2% APR.

The basics…

Customers looking for a personal loan of between £5,000 and £7,499 will now pay 6.1% APR (a reduction of 1.2%), while those seeking £15,001 to £20,000 will pay a rate of 6.7% APR (down 0.7%).

The finer details…

Example repayments: £5,000 over three years = £152.05.

Rates are available to new or existing customers (alternative loans are available to Santander Select and 123 customers which offer similar rates). Borrowers should remember that rates are representative and dependent on individual credit ratings.

Why we like it…

These reductions have strengthened Santander's position in the personal loan market, offering competitive borrowing choices across a range of tiers.

Four Moneyfacts Stars have been awarded.

What Next?

Click here to apply for this Santander loan product

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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