Nationwide leads on loans rates
Filed under: News — Tags: loans, personal loan —
Nationwide Building Society are pushing on its new loan rate of 7.7% - quite a low rate - let’s see if other lenders follow suit. 
From the Nationwide press release:
http://www.nationwide.co.uk/mediacentre/PressRelease_this.asp?ID=1438
With effect from Thursday 6 August 2009, Nationwide will be reducing its personal loans 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.
With this typical rate, Nationwide becomes the lender with the lowest personal loan rate in the UK, beating the supermarkets and all the high street banks** – the same low rate applies whether the loan is taken out through branch, telephone or internet.
Chris Rhodes, product and marketing director, said: “Nationwide continues to be competitive in the personal loan market with the introduction of this market leading headline rate of 7.7% typical APR, beating what’s being offered by supermarkets and high street banks.
More coverage:
http://www.earthtimes.org/articles/show/nationwide-building-society-offers-lower-rate-loans,922273.shtml
http://www.entrepreneur.com/PRNewswire/release/190650.html
Story link: Nationwide leads on loans rates
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