Nationwide offers its lowest ever personal loan rate

Nationwide Building Society has cut its personal loan rate by 0.2%. This latest rate is the lowest personal loan rate ever offered by the Society and is open to both new customers and for new loans to existing customers.

Nationwide FlexAccount customers who use it as their main current account could benefit from a competitive rate of 6.3% APR Representative.  This new rate is applicable for loans of up to five years between £7,500 and £14,999 taken out through a branch, over the telephone or via the Internet.

Those who do not have Nationwide's FlexAccount will still be able to take advantage of a competitive rate of 6.4% APR Representative, which is only fractionally above Nationwide's headline rate.  This offer is available if customers apply through an online aggregator, such as moneysupermarket.com, for loans between £7,500 and £14,999 for a term of up to five years.

Paul Wootton, Nationwide's Head of Personal Loans, said:  "September is usually a busy time for personal loan applications, probably because of the launch of the new car registrations.  The fact that we're now offering our lowest personal loan rate ever is great news for consumers and could provide the perfect opportunity to make that dream purchase."