Derbyshire BS reduces loan rate - Loans - News |

News News brings you the latest financial & economic news & reviews of the best products in the UK by our team of money experts.

Derbyshire BS reduces loan rate

Derbyshire BS reduces loan rate

Category: Loans

Updated: 19/02/2013
First Published: 19/02/2013

This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Derbyshire Building Society has reduced the rate on its Online Personal Loan by up to 0.8%, until 11pm on 25 February 2012.

The basics…

Customers borrowing between £5,000 and £7,499 are offered a rate of 6.4% APR, whilst those looking for a loan between £7,500 and £15,000 will be offered 5.0% APR. A rate of 6.8% APR is offered for higher loan amounts between £15,001 and £20,000.

The finer details….

A typical monthly repayment, based on a £5,000 loan over a three year period, stands at £152.61.

Rates are representative and dependent on the loan amount and term as well as the applicant's credit rating.

Why we like it….

A series of temporary rate reductions have propelled the Online Personal Loan to the top of the loans best buy tables. Available over a range of borrowing amounts, this product has been awarded four out of five Moneyfacts Stars.

What next?

Loans calculator
Key factors to consider with Personal Loans

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 Any products featured may be withdrawn by their provider or changed at any time.