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Alliance & Leicester has introduced competitive new personal loan rates available exclusively via the internet, starting from just 8.5% APR for lending of £5,000-plus.

The new rates are:- 8.5% APR for £5,000-£20,000, 11.9% APR for £2,500-£4,999 and 17.0% for £500-£2,499.

They are available at A&L's main site, www.alliance-leicester.co.uk, as well as its home buying and improvement site, www.movingimproving.com, and car advice site www.smartermotoring.com.

Andrew Robinson, A&L's E-Commerce Director, said: "We expect to see a big increase in the number of people applying online for personal loans in 2002 and these highly-attractive rates underline our determination to gain a large share of this market.

"Our websites should be the first port of call for anyone using the internet to find a great deal on a personal loan, whether it is to buy a car, improve their home or any other purpose."

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Notes to editors:

Alliance & Leicester also offers the following competitive rates to branch and telephone applicants:- 8.9% APR for £5,000-£15,000, 12.5% APR for £2,500-£4,999 and 17.0% for £500-£2,499. For further details, telephone 0870 555 5555.



For further information contact:


Peter Brown/Andrew Homer, A&L Press Office
0116 200 3355

This press release was distributed by ResponseSource Press Release Wire on behalf of Alliance and Leicester in the following categories: Consumer Technology, Personal Finance, Business & Finance, Computing & Telecoms, for more information visit https://pressreleasewire.responsesource.com/about.