Nationwide Building Society has reduced its loan rate for existing FlexAccount customers to 7.7 percent
NEW YORK, Aug. 11 - Nationwide Building Society has now reduced its personal loan rate to offer a market leading rate of 7.7 percent typical APR for loans of between 5,000 pounds Sterling and 14,999 pounds* 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 loan 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 loans (http://www.nationwide.co.uk/loans/default.htm) market with the introduction of this market leading headline rate of 7.7 percent typical APR, beating what's being offered by supermarkets and high street banks.
"This great rate is now available for loans between 5,000 pounds and 14,999 pounds, so whatever the purpose of your loan whether it be for a new car, to pay for a wedding, carry out home improvements or consolidate other debts, our rate is hard to beat.
"We are rewarding our current account customers with the lowest personal loan rate in the UK which underlines further the benefits of taking out and using a Nationwide FlexAccount. This will be the first of many offers for Nationwide current account customers over the coming months."
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