Nationwide loan rate now 7.9%
Filed under: News — Tags: loans, personal loans —
The Nationwide Building Society is pulling it’s 7.7% loans offer in August back to 7.9%.
It’s only a small drop and still one of the cheapest on the market, but little sign yet of an improvement in business loan rates.
From the Nationwide press release:
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.
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