Nationwide Building Society reduces loan rate
Filed under: News — Tags: loans, personal loans —
Nationwide have finally reduced their loan rate offer, from the 7.7% low in August, to a revised rate of 7.9%.
Still a very low rate on the open market, but a shame more lenders aren’t trying to compete:
With effect from Wednesday 7 October 2009, Nationwide will be introducing a new personal loan rate of 7.9% APR typical for loans of between £7,500 and £14,999* for its current account customers.
Over the past two months, Nationwide has been offering a special market leading low rate loan rate exclusively for its current account bank account customers. When the special offer period ends on Wednesday 7 October 2009, Nationwide will continue to reward its current account customers by offering a rate of 7.9% APR typical. This continues to be the lowest rate in the UK and beats the rates set by other high street personal loan providers by offering a sub 8% rate. The same low rate applies whether the loan is taken out through a branch, telephone or the Internet.
Story link: Nationwide Building Society reduces loan rate
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