Santander cuts £5K loan rate | Product News - Moneyfacts

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Santander cuts £5K loan rate

Santander cuts £5K loan rate

Category: Loans
Date: 01/10/2013

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 It is now over 6 months old so the content may be out of date.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 cut the rate on loans between £5,000 and £7,499 by 0.4%.

The basics…

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.

The finer details…

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.

Why we like it…

The rate cut launches Santander's £5,000 loan to the top of the Moneyfacts Best Buys.

Four Moneyfacts Stars have been awarded.

What Next?

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 Any products featured may be withdrawn by their provider or changed at any time.

 

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 Any products featured may be withdrawn by their provider or changed at any time.

 
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