Nationwide offers 7.7% on loans
Filed under: News — Tags: loans —
Nationwide has taken the lead in the personal loans market, by offering a loan rate of just 7.7%, effective yesterday:
With effect from Thursday 6 August 2009, Nationwide will be reducing its personal loan rate to offer a market leading rate of 7.7% typical APR for loans of between £5,000 and £14,999* for its current account customers.
This makes Nationwide Building Society the lender with the lowest loan rate, but note the caveats:
1. You must have a Flexaccount to qualify
2. Loan amounts only over £5,000
3. Upper limit of £15,000
Even with these caveats, it still remains the best loan rate for those who quality, so it’ll be interesting to see whether other lenders will follow suit.
Story link: Nationwide offers 7.7% on loans
