Barclays cuts personal loans rate
www.moneynews.co.uk > Loans > Barclays cuts personal loans rate
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Money News |
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Barclays cuts personal loans rate
Tue 9th Oct 2007
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The bank is offering a rate of 6.8 per cent to existing customers and is confident it can better other deals in the market and attract new borrowers.
Gary Duggan, managing director for Barclays Personal Loans, said "If you take out a loan from Barclays and then find it cheaper elsewhere, we will pay the difference between the monthly repayments and then pay an additional £1 each month for your trouble."
Other lenders have raised rates after the global 'credit crunch' that followed problems in the US sub-prime mortgage market.
According to internet comparison site, UK Personal Loans Store, nine UK lenders have increased their rates for unsecured loans, some by as much as four per cent.
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Related News : Barclays |
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