Derbyshire Building Society is offering a personal loan with a market leading rate of six per cent APR representative for amounts between £7,500 and £14,999.
The new loan is available to customers applying through online aggregator websites such as Moneysupermarket.com, the society – part of the Nationwide Group – said.
Savers are guaranteed a fixed rate for the term of the five year loan, with a repayment amount that will not change, the mutual added.
In addition, there are no upfront charges or arrangement fees and no repayments for the first month.
Paul Wootton, head of personal loans, said: “Economic conditions remain tough and customers looking for a personal loan are heading online to find the best deal.
“Derbyshire is committed to helping customers in this tough time, with the lowest loan rate on the market.”
Borrowers aged 18 and above are eligible to apply.
Loans of £5,000 to £7,499 and £15,000 to £20,000 are also available, at a rate of 7.8 per cent.
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