Nationwide slashes personal loan rate to new low of 6.2 per cent

Wednesday, 19 October 2011 11:06

Nationwide has slashed its personal loan rate to its lowest ever level, a market-leading 6.2 per cent representative APR, for a limited time only.

The new deal is available to FlexAccount customers using it as their main current account and is applicable for loans of up to five years between £7,500 and £14,999.

Applications must be made through a branch, over the telephone or via the internet.

Customers who do not have a current account with the building society will still be able to take advantage of a representative APR of 6.3 per cent.

This offer is available if customers apply through an online aggregator, such as, for loans between £7,500 and £14,999.

Both of these deals are only available until Thursday December 1st.

Graham Pilkington, Nationwide's head of personal loans, said: "In such a price-sensitive personal loans market, Nationwide continues to be competitive with the introduction of this market-leading headline rate of 6.2 per cent, beating what's being offered by supermarkets and high street banks.

"With Christmas fast approaching, this rate is great for people looking to consolidate debt, improve their home or purchase that brand new car."

Use the comparison tables to find the best deal on a new personal loan 

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