Nationwide advises shopping around for a personal loan

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Nationwide advises shopping around for a personal loan

Nationwide has advised people looking to buy a car that they should shop around for their finance and not just for their vehicle.

Chris Rhodes, group product and marketing director at the building society, said it pays to shop around the showrooms when you are buying a car, but this is also true about a good personal loan interest rate.

He pointed out that people should always try and get a good deal on their loan, whether they are in the market for a new Audi TT or a second-hand Renault Megane.

The organisation said that it is offering personal loans of between £5,000 and £14,999 at 7.7 per cent interest for their FlexAccount customers.

Mr Rhodes added: "This is just the first of many offers we'll be providing to Nationwide current account customers over the coming months."

Research by Nationwide placed their personal loan interest rate at 1.2 per cent lower than any other lender on their survey.

Last month, the company announced two years in a row of 20 per cent discounts in home and contents insurance premiums for FlexAccount customers.

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