27 July 2015
Loan re-price ideally timed for launch of new car registrations in September
Nationwide Building Society today reduces selected personal loan rates by up to 3.4%, giving customers access to the lowest rates on the high street.
The re-price will be particularly good news for those looking to consolidate debt or make significant purchases such as buying a car, with the new ‘65’ registration plate launching in September.
The new rates are:
||Main Current Account1 Customer Rates
||Non-Current Account Customer Rates
|£5,000 to £7,499
|£7,500 to £14,999
||3.6% APR (no change)
||3.9% APR (no change)
|£15,000 to £25,000
The reduced rates are available for terms of between one and five years and customers can apply in branch, online or via the telephone.
Nationwide’s existing customers2 also benefit from a price promise that if they receive a lower price quote from a high street competitor3, Nationwide will beat that price by 1%, down to our lowest available rate of 3.6%.
John Crossley, Nationwide’s Head of Personal Loans, said: “Our new personal loan rates are the lowest on the high street and are a competitive option for anyone looking to spread the cost of a new car or maybe consolidate existing debts.
“This comes at an ideal time, when many people will be considering buying a new car from September, as the new ‘65’ registration plate comes onto the market. While manufacturers may promote car finance, we’d always recommend shopping around for the best deal in order to ensure you aren’t paying over the odds”.