Abbey personal loan rate cut

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Abbey personal loan rate cut

The Abbey personal loan rate has been cut, making it what the company claims is one of the lowest rates available.

The Abbey typical unsecured personal loan rate now stands at 6.4 per cent for loans of over £7,000.

It is available for a limited period of time only, from June 29th to August 31st this year.

Abbey has promised customers that monthly repayments will be fixed until the end of the loan, regardless of what happens with interest rates.

The loans and repayment period are designed so that borrowers can choose them based on their own personal financial situation.

For example, they could borrow between £1,000 and £20,000 in £50 payments and could repay the loan between one and eight years in six-monthly intervals.

Applications can be made online on Abbey's website, in a branch or over the phone.

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