Clydesdale Bank and Yorkshire Bank have dropped their rate for unsecured online personal loans between £7,500 and £15,000 by 30bps, they announced this morning (9 January 2014).
From today, loans between £7,500 and £15,000 will be available from 4.7%APR*, the lowest rate the banks have ever offered. The rate is available to new and existing customers on loans over terms of between 1 and 5 years.
The Banks have also cut the rate on larger loans. For loans of £15,001 to £25,000, the rate has been cut by 20bps to 6.6%APR.
For further information on personal loans or other products available, customers can contact 0800 707 6471, (opening hours 8am-8pm Mon-Fri, 9am-5pm Sat.) or visit www.cbonline.co.uk, and for Yorkshire Bank, www.ybonline.co.uk
Andrew Pearce, Retail Director for Clydesdale Bank and Yorkshire Bank, said:
“By dropping to our lowest ever rate; we are continuing to offer attractive deals across loans over one to five years – increasing the affordability of borrowing for both new and existing customers.”
This Media Release and its contents are intended for journalistic and editorial purposes only. They are not intended as an advert or invitation to customers, or potential customers, to take or enquire about any products and/or services from the Bank.
** Terms longer than 5 years are available for loans greater than £15,000 (and where the new amount borrowed exceeds the amount of any Yorkshire Bank or Clydesdale Bank existing loan which is being repaid).