Clydesdale and Yorkshire Banks have launched their lowest ever rate for personal loans of 5.9 per cent APR.
The new rate, solely for customers who apply online, is for loan amounts of between £7,500 and £15,000, taken over a term of up to seven years.
The banks said the rate is available to both new and existing customers who will have a fixed interest rate over the term of the loan. They will also have the option of full or partial early repayment if they wish to pay the loan back ahead of time.
Steve Reid, retail director for the Clydesdale Bank, said: “We are focused on delivering a range of competitive products. Our online loan product highlights that we are committed to helping new and existing customers to organise their finances.”
The Glasgow based Clydesdale Bank, established in 1838, and the Yorkshire Bank, founded in 1859 in Halifax, West Yorkshire, are both owned by National Australia Bank (NAB).
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