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Loans Latest News Nationwide launches new loan offer
Loans Latest News Nationwide launches new loan offer Nationwide launches new loan offer
Details of a new personal loan offer have been unveiled by Nationwide.
Borrowers on the search for a loan may be interested in the launch of a new product from one building society.Coming into effect today (January 5th), Nationwide is offering a personal loan charging typical interest of 7.6 per cent for its main FlexAccount customers.
Such an offer is available on loans of between £7,500 and £14,999.
And taking on such a loan could prove to be beneficial to those looking to consolidate their credit card debts, as the firm points out that doing so could see consumers reduce their monthly outgoings.
"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," Richard Napier, head of credit cards and personal loans for Nationwide, states.
News of such a product comes as Cambridge News recently reported that overspending over the festive season could see people's finances left "worse for wear".
By Kate Guthrie
Tuesday, 05 January 2010 00:00
Top 5 Personal Loans
|
Loan |
Representative APR |
Min Loan |
Max Loan |
Min Term |
Max Term |
Representative Example |
Apply |
|---|---|---|---|---|---|---|---|
| View Full Table > | |||||||
 |
6.1%
|
£7,500
|
£15,000
|
1 Year
|
7 Years
|
Representative Example: £7500 borrowed over a period of 5 years at 6.1% (fixed) equals monthly repayments of £145 and a total amount repayable of £8,721. There are no other charges included in the total charge for credit.
|
|
 |
6.1%
|
£7,500
|
£14,999
|
1 Year
|
10 Years
|
Representative Example: £7500 borrowed over a period of 5 years at 6.1% (fixed) equals monthly repayments of £145 and a total amount repayable of £8,721. There are no other charges included in the total charge for credit.
|
|
 |
6.4%
|
£7,500
|
£14,999
|
1 Year
|
5 Years
|
Representative Example: £7500 borrowed over a period of 5 years at 6.4% (fixed) equals monthly repayments of £146 and a total amount repayable of £8,784. There are no other charges included in the total charge for credit.
|
|
 |
6.9%
|
£7,000
|
£14,999
|
1 Year
|
6 Years
|
Representative Example: £7000 borrowed over a period of 5 years at 6.9% (fixed) equals monthly repayments of £138 and a total amount repayable of £8,297. There are no other charges included in the total charge for credit.
|
|
|
|
7.9%
|
£15,000
|
£20,000
|
1 Year
|
5 Years
|
Representative Example: £15000 borrowed over a period of 5 years at 7.9% (fixed) equals monthly repayments of £303 and a total amount repayable of £18,206. There are no other charges included in the total charge for credit.
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