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Abbey slashes price of personal loans

30 June 2005
Abbey has announced that it is cutting the rate of its unsecured personal loans.

The rate of 6.4 per cent for loans of more than £7,000 marks the loan out as one of the lowest rates available on the high street.

Loans of between £5,000 and £6,950 carry a typical APR rate of 7.9 per cent, whilst loan values of between £3,000 and £4,950 carry a rate of 17.7 per cent, and 19.9 per cent is applicable to loans of between £1,000 and £2,950.

Borrowers can choose the loan and repayment period that best suits their budget. Any amount between £1,000 and £20,000 can be borrowed in multiples of £50, and loan holders can repay their loan at six-monthly intervals over between one and eight years.

Monthly repayments are fixed until the end of the loan, regardless of movement in interest rates, and there are no set-up fees or deposit to pay.

Abbey's special offer loan rate is available from June 29th to August 31st.

To find out more about personal loans, click here.

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