Santander has cut the rate on loans between £5,000 and £7,499 by 0.4%.
Borrowers will now be charged 6.4% APR for a loan between £5,000 and £7,499 taken over three years.
This product is available to both new and existing Santander customers who are aged 21 or over.
Example repayments: Borrowers taking out a £5,000 loan over three years will pay £152.61 per month. The total repayable is £5,493.96.
The rate cut launches Santander's £5,000 loan to the top of the Moneyfacts Best Buys.
Four Moneyfacts Stars have been awarded.
Compare the best available £5k loans with our easy to use loans calculator
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 Any products featured may be withdrawn by their provider or changed at any time.
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