Nationwide pulls back loan rates
Filed under: News — Tags: loans, personal loans —
Well, it was too good to last - Nationwide Building Society have now reduced their loans offer from 7.7% in August to 7.9% in October.
Shame we didn’t see other lenders trying to out compete Nationwide for the loans market, though:
http://www.nationwide.co.uk/mediacentre/PressRelease_this.asp?ID=1467
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 pulls back loan rates
