Santander has reduced its unsecured personal loan rate for certain amounts by up to 0.2% APR.
Borrowers looking for a loan between £7,500 and £15,000 can benefit from a competitive rate of 4.3% APR.
Example repayments: £7,500 over five years = £138.99 per month.
The rate is available to both new and existing customers, over the age of 21, who apply by branch, telephone or online. However, borrowers should be aware that it's representative and dependent on individual credit ratings.
This move consolidates Santander's position within the market and sees them move up the best buy charts in the £7,500 - £15,000 tier.
Four Moneyfacts Stars have been awarded.
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