Nationwide announces cuts to personal loan rate

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Nationwide announces cuts to personal loan rate

Nationwide Building Society has slashed its personal loan rates for new and existing customers.

The mortgage provider has reduced its rate by 0.2 per cent to help customers who are experiencing difficulty in the current financial climate.

Customers who have a Nationwide FlexAccount may also be able to benefit from a competitive rate of seven per cent APR Representative.

The new rate applies to loans of up to five years taken out through a branch, over the phone or on the internet.

Customers without a FlexAccount may also benefit from a competitive rate of 7.1 per cent APR Representative at the building society.

Nationwide's head of banking Richard Napier said: "If you're looking for a personal loan to help buy that new car, pay for a wedding, carry out home improvements or consolidate other debts, Nationwide's new rate is definitely one to consider."

The lender recently cut its mortgage rates by up to one per cent for existing homeowners and first-time buyers.

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