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first direct launches market leading loan rates

08 Sep 2017

first direct offers customers 3.0% rate on personal loans over £15,050

first direct has reduced the headline rate on personal loans of £15,050 to £30,000 to 3.0%.

The offer will be available until early November, and is only available to existing first direct customers.

Over a typical seven year term, the rate equals current market leading for loans of between £15,050 and £25,000 and is currently the most competitive rate in the market for loans of between £25,001 and £30,000.

Personal loan features

  • Personal Loans available from £1,000 to £50,000

  • Loan terms available between one and seven years

  • Flexibility to overpay, which may reduce the amount of interest you pay

  • Repayments will not change throughout the period of the loan making it easier to budget

  • A quick decision and immediate access to your money if approved online*

Nick Harrison, Head of Products at first direct , said: “Along with amazing customer service we’re known for offering our customers competitive, flexible products. We’re a responsible lender which listens to its customers, so in response to feedback from customers we’ve reduced the headline rate to 3.0% on personal loans of £15,050 to £30,000.”

first direct offers customers an online loans calculator to help customers see what their repayments would be.

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