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Lenders cut APR on loans

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04-20-2009, 12:34 PM

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Lenders cut APR on loans

Moneysupermarket.com has revealed that the average interest rate of loans dropped last week for the first time since August 2008. The average annual percentage rate (APR) of leading loan providers hit a high of 8.88% in March, compared to 7.34% in March 2008. The peak came despite repeated cuts to the Bank of England’s base rate to [...]

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