Nationwide Introduce New Personal Loan Rate

Tue, 05 Jan 2010

Nationwide has kicked off the New Year by introducing a new market leading personal loan rate of 7.6 per cent.

The 7.6 per cent APR is available to the lender’s FlexAccount customers who are looking to borrow between £7,500 and £14,000 for up to five years, and applies whether the loan is taken out online, in-branch, or over the phone.

The loan rate is being promoted to those wishing to consolidate their debts following heavy spending over Christmas.

Richard Napier, head of credit cards and personal loans at Nationwide, explained: "Our new market leading personal loan rate represents a great start to the New Year for those looking for a cheap personal loan deal."

"For those who may have spent too much over the Christmas period and have several outstanding debts, a personal loan at a highly competitive rate may be the best solution."

"A personal loan could help reduce monthly outgoings into one manageable debt with fixed monthly repayments, helping people make the most of their hard earned money ."

He added: "This also shows the benefits of our FlexAccount, as no lender on the high street, Internet or supermarket can beat our rate ."
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