Nationwide Slashes Personal Loan Rate to 6.2%
Written on 27 Oct, 2011 at 07:06 by Ulyana Chernyak
In the run up to Christmas, Brits are borrowing more on their credit cards and then turn to banks and building societies for refinancing.
To supports UK consumers in these difficult economic times, the Nationwide has slashed its personal loan rate to as low as 6.2%. Now, personal loans from Nationwide are the cheapest available in the UK. Certain restrictions apply, as usual.
The maximum loan period is 5 years, the amount of the loan has to be between £7,500 and £14,999. The deal is available in Nationwide branches, on the Internet and over the telephone. The deal is only valid through December, 1 2011. Then, the rate will be reversed and new customers will have to pay more.
In the opinion of financial experts, many banks are expected to follow the example of Nationwide as the competition in the market is stiff. Graham Pilkington of Nationwide, said: “Nationwide continues to be competitive with the introduction of this market-leading headline rate of 6.2%, beating what's being offered by supermarkets and high street banks.”
Most popular searches: personal loans
Leave a Reply