October 15, 2009

Nationwide raises loan rates from 7.7% to 7.9%

Filed under: News — Tags: loan, personal loans —

The Nationwide Building Society have dropped it’s discount loan rate of 7.7%, introduced in August, for a new revised rate of 7.9%.

The Nationwide Press Release can be found here:

With effect from Wednesday 7 October 2009, Nationwide will be introducing a new loans rate of 7.9% APR typical for loans of between £7,500 and £14,999* for its current account customers.

Over the past two months, Nationwide has been offering a special market leading low rate loan rate exclusively for its current account bank account customers. When the special offer period ends on Wednesday 7 October 2009, Nationwide will continue to reward its current account customers by offering a rate of 7.9% APR typical. This continues to be the lowest rate in the UK and beats the rates set by other high street personal loan providers by offering a sub 8% rate. The same low rate applies whether the loan is taken out through a branch, telephone or the Internet.

Story link: Nationwide raises loan rates from 7.7% to 7.9%