Abbey has announced a rate cut on its typical unsecured personal loans.
The new rate of 6.4 per cent on a personal loan of over £7,000 is one of the lowest personal loan rates available on the high street. Unsecured personal loans of £5,000 to £6,950 have a typical personal loan rate of 7.9 per cent.
Customers applying for one of these unsecured personal loans pay no deposit and there are no setup fees payable.
The new personal loan rate is available until August 31st, and monthly instalments would remain fixed regardless of what happens to interest rates.
Unsecured personal loans between £1,000 and £20,000 could be taken out, and repayment periods could take anything between one and eight years.
Customers could apply for these unsecured personal loans online, via the telephone or by visiting an Abbey branch.
Abbey is one of the UK's leading personal financial services companies.
The range of services includes mortgages and savings, bank accounts, loans and credit cards, long-term investments including pensions and unit trusts, life, critical illness and unemployment cover and household insurance. It also provides offshore banking for expatriates.
Abbey is the sixth largest bank by assets and the second largest provider of mortgages and savings in the UK.
Rates cut on Abbey's unsecured personal loans
Rates cut on Abbey's unsecured personal loans
Thu, 30 Jun 2005
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