Alliance & Leicester to offer best personal loan rate

Alliance & Leicester is to offer the best personal loan rate in the UK at only 6.3% APR, making it available to existing Premier or Premier Direct customers and new customers at Alliance & Leicester.

This offer is available for a limited period only - from Monday 17th September until 4th November from Alliance & Leicester branches, and could see potential savings of over £700 compared to personal loans from big name banks.

Widely recognised as offering the best all round value current account on the market, Alliance & Leicester is offering this market-leading rate on loans between £7,500 and £15,000, ensuring its customers continue to receive ‘best buy’ offers.

Commenting on the offer, Richard Al-Dabbagh, Senior Personal Loans Manager at Alliance & Leicester said: “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. This loan offer, the best in the UK, is available to both new customers who might be switching their current account away from the Big Four Banks, and our existing Premier and Premier Direct customers who already benefit from the best all round value current account.

“We have consistently led the field when it comes to our current accounts offering, and our loans offer now makes us an even more attractive proposition for customers.”

Customers of A& L’s Premier Direct current account already earn 6.5% AER for in-credit balances and benefit from a 0% overdraft for the first 12 months, whilst customers of its Premier account benefit from free European annual multi-trip travel insurance and the opportunity to earn 12.00% gross p.a./AER for one year with the linked Premier Regular Saver. Adding this market leading loan offer strengthens Alliance & Leicester’s position as the UK’s leading current account provider.

New and existing Premier or Premier Direct customers can access the loan offer at any of Alliance & Leicester’s branches.

Premier Direct continues to be recognised as the UK’s best current account, and recently won the Moneyfacts Award for Best Current Account credit and debit interest. The current account range includes:

Premier: Alliance & Leicester Premier Current Account offers customers free European annual multi-trip travel insurance, and a 1.50% AER credit interest rate coupled with 0% overdraft for the first 12 months, and 7.9% EAR thereafter. Customers can also earn 12.00% gross p.a./AER for one year with a linked Premier Regular Saver. Customers can access their accounts online, in branch or on the telephone.


Premier Direct: An award winning current account for people who are happy to bank online or by phone, offering a credit interest of 6.5% AER on balances up to £2,500 fixed until 31 October 2008, and the UK’s lowest overdraft rate of 5.9% EAR – after an initial 0% overdraft for the first 12 months.