Nationwide consolidating loans 'reward current account customers'

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Nationwide consolidating loans 'reward current account customers'

A representative from Nationwide has claimed the personal loan it is currently offering beats what is available at other banks and supermarkets.

Graham Pilkington, divisional director for banking, described how Nationwide current account customers are being rewarded with this product, which allows people to borrow between £7,500 and £14,999.

He explained that the rate is only available to those individuals who use the provider for their main current account and claimed it is the leading deal on the market in its category at 7.5 per cent interest.

"Nationwide continues to be competitive in the personal loan market with the introduction of this market leading headline rate," said Mr Pilkington.

People who do not bank with the institution can secure a deal at 7.6 per cent interest by applying through moneysupermarket.com.

Last month, Nationwide cut its personal loan rate to 7.6 per cent for FlexxAccount holders, making this week's reduction the second favourable change for its customers in less than 30 days.

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