29 September 2015
Nationwide Building Society has launched a bold pledge that guarantees main current account customers will not get a cheaper personal loan rate anywhere else.
Britain’s biggest building society currently offers some of the most competitive personal loan rates on the market. However, to underline the confidence the Society has in its rates, Nationwide has pledged to undercut any like for like competitor offer by 0.5% for customers with a main¹ current account.
Nationwide’s decision to challenge the market follows a significant reduction of up to 3.4% off selected personal loans in July, giving existing customers access to the lowest rates on the high street. These rates are available for terms of between one and five years and customers can apply in branch, online or via the telephone. Current rates are:
Current rates table
||Main Current Account1 Customer Rates
|£5,000 to £7,499
|£7,500 to £14,999
|£15,000 to £25,000
Carl Burke, Nationwide’s Head of Personal Loans, said: “There has never been a better time to get a personal loan, with rates at an historic low.
“As a mutual our focus is on rewarding our existing customers. Our Loyalty Price Promise shows the confidence we have in our rates and our commitment to ensuring our main current account customers can’t get a better deal anywhere else.”