Nationwide has lowered its personal loan rate to a market-leading 7.7% APR, only available to its FlexAccount customers.
The rate is available on loans of between £7,500 and £14,999 for terms of up to five years. The loan has no upfront charges or fees, and customers can apply in-branch, via the internet or over the phone. It is exclusively available to customers who have held a FlexAccount current account for three months and who deposit a monthly minimum of £750.
The next best rate offered is 7.8% APR by Sainsbury’s and Tesco. These loans are available to all consumers and are not tied to another financial product.
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