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Personal Loans

Brits borrow to invest in home improvements

Britons are continuing to invest heavily in their homes despite continued reports of challenging economic conditions, according to Sainsbury's Finance.

Nationwide offers UK's lowest personal loan rate

From tomorrow, Tuesday 7 June, Nationwide Building Society will be offering the UK's lowest personal loan rate.

Nationwide cuts personal loan rate

Nationwide Building Society is reducing its personal loan rate by 0.2% for both new customers and for new loans to existing customers.

Santander offer new lower online-only rates for personal loans

Santander is to make changes to its rates for unsecured personal loans available via its own website. These rates are available to new and existing customers and are effective from 09:00 on Friday 8 April 2011.

Sainsbury’s Finance cuts personal loan rate

Sainsbury's Finance has reduced its best buy personal loan rate to a best buy 6.9% APR. Representative for loans between £7,500 and £14,999 until 29th March.

Rate war spreads to smaller personal loans

Anyone looking to take out an unsecured personal loan will benefit from a resurgence in the loans market, which has seen average rates across all lending amounts drop for the first time this year, according to analysis by moneysupermarket.com.

M&S Money reduces personal loan rate

M&S Money is reducing the rate on its personal loans from 7.5% APR to 6.9% APR (representative). The offer applies to personal loans between £7,500 and £15,000.

Rate cuts make Sainsbury's Loans best buys in most brackets

Sainsbury's Loans' recent move - reducing the rate on £7.5K - £14,999 loans, from 7.4% to 7.2% - has secured the supermarket bank the best buy top spot. Indeed, this position is felt across most borrowing brackets with the bank offering a five star rated Moneyfacts product for small, medium and larger loan amounts.

Sainsbury's Finance cuts personal loan rates

Sainsbury's Finance cuts personal loan rates

Sainsbury's Finance has reduced its best buy personal loan rate to 7.2% APR Typical for loans between £7,500 and £14,999.

Personal loans taken out for debt consolidation

During the first quarter of this year, Sainsbury's Finance estimates that up to 139,000 personal loans worth as much as £1.55 billion could be taken to consolidate debt. This is equivalent to around 35% of the value of personal loans taken out during this period.

UK borrowers face tougher lending criteria

Anyone looking to take out a new credit card or personal loan should do so before 1 February to avoid new regulations which mean fewer borrowers will receive the advertised rate, according to UK comparison site, moneysupermarket.com.

Consumers in the dark about new credit directive

With the Consumer Credit Directive looking to shake up the lending market, new research from uSwitch.com, the independent price comparison and switching service, reveals that initially it could cause more harm than good, leaving consumers confused and potentially put off applying for credit.

Loan suppliers go to war

High street banks Nationwide and Santander have started a price war on loan rates, with the winners set to be consumers, says uSwitch.com, the independent price comparison and switching service.

Nationwide cuts its personal loan rate

With effect from today, Tuesday 11 January 2011, Nationwide is cutting its personal loan rate for its main current account customers to 7.2% APR typical. This new rate, for loans of up to five years between £7,500 and £14,999, means that Nationwide is once again offering the UK's lowest personal loan rate.

Santander offer financial hangover cure

Santander this week launched the lowest loan rate on the market, as well as bringing back their £100 current account switching incentive.