Nationwide offers market-leading personal loan rate

With effect from today, Tuesday 15 June 2010, Nationwide has introduced a new personal loan rate of 7.7% APR typical for loans of up to five years between £7,500 and £14,999 for its main FlexAccount customers.

This is the lowest rate in the UK and the same low rate applies whether the loan is taken out through a branch, over the telephone or via the Internet.

Chris Rhodes, product and marketing director, said: "We are delighted to offer our customers this market-leading rate. Personal loans are ideal for customers wanting to make a dream purchase or simply reduce their monthly outgoings into one manageable debt with fixed monthly repayments.

"This is just one of a range of benefits for customers who use their FlexAccount as their main current account.  These FlexAccount customers also have access to special features on our mortgage deals and to some of our best savings rates."

Other loan amounts between £1,000 and £25,000 are available with repayment terms between one and seven years.  These are available for both new and existing Nationwide customers.