Nationwide introduces low personal loan rates

Those wishing to consolidate their dates after the expensive Christmas period may be interested to learn about the Nationwide’s new loan deals, which were launched earlier this week.

Nationwide has introduced a new personal loan rate of 7.6% APR typical for loans of between £7,500 and £14,999 for up to five years for its main FlexAccount customers.

According to the Nationwide, this is the cheapest rate in the UK and the rate applies whether the loan is taken out via a branch, over the telephone or the internet.

The lender highlights that the new rate may be good new for those wishing to consolidate their debts – particularly in the post-Christmas period when consolidation is at its highest.

Commenting on its new offerings, Richard Napier, Nationwide’s head of credit cards and personal loans, said: “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,” concluded Mr Napier.

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