6th January 2016
Clydesdale and Yorkshire Banks are now offering their lowest ever rates on personal loans.
Those who want to borrow between £7,500 and £15,000 will now pay 3.4% APR for a loan, although they will have to apply online. Those who take up a loan over the phone or in branch will find the loan rate is 4.4% APR.
Loans between £5,000 and £7,499 will also be available for the rate of 4.4% APR regardless of whether it is arranged online, over the phone or in branch.
Those looking to borrow over £15,000 will be offered a rate of 3.8%.
The loans are available to new and existing customers and need to be paid back in five years, however there is a choice of loan terms.
Steve Fletcher, director of retail banking, said: ‘At Clydesdale and Yorkshire Banks we are committed to offering customers a range of competitive personal loans to assist them with important plans and purchases.
‘These new loan rates further enhance our position of providing some of the most competitive and often market-leading personal loans in the UK.’