Clydesdale and Yorkshire Banks launch their lowest ever Personal Loan rate

9th January 2014

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.

Key Features:

• 4.7% APR* for loans between £7,500 and £15,000 (*Terms and Conditions apply)
• 6.6% APR* for loans between £15,001 and £25,000 (*Terms and Conditions apply)
• A fixed interest rate over the term of the loan
• Choice of loan terms – from one to five years**
• Available for new and existing customers
• Most applicants will have an instant decision
• Applications can be saved online for up to 30 days
• Full early repayment & partial early settlement options available
• Loans calculator for a quick personal quote

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).