Alliance & Leicester personal loan rate 'best in the UK'

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Alliance & Leicester personal loan rate 'best in the UK'

Alliance & Leicester has claimed that its new personal loan rate is the best in the UK.

Available from September 17th to November 4th, the new interest rate is 6.3 per cent and is on offer to new customers as well as existing Premier and Premier Direct customers.

Borrowers can take advantage of the rate on loans worth between £7,500 and £15,000.

"We continue to offer our customers best of breed deals across our range of products, and are constantly looking for additional ways to reward existing customer relationships," said Richard Al-Dabbagh, senior personal loans manager at Alliance & Leicester.

He added that the bank has "consistently led the field" with its current accounts offering.

Alliance & Leicester last month launched its Premier 21 account, which is targeted at the 43 per cent of the UK's 16 to 21-year-olds who are not heading to university this autumn.

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