Alliance & Leicester has reduced the internet rate on personal loans from 7.4% to a typical rate of just 6.9% APR - but only until 10am on Monday 14 April. It applies to loans of £5,000 to £20,000 arranged at http://www.alliance-leicester.co.uk
The rate of 6.9% APR applies to loans for any purpose, including those taken out under Alliance & Leicester's Car Purchase Plan (CPP). CPP lets borrowers reduce their monthly repayments by enabling them to defer up to 60% of the value of their loan.
Andy Bayes, Head of Personal Loans, said: "This special rate offers a significant saving over those available elsewhere online."
For further details or to arrange interviews:
Alliance & Leicester Press Office 0116 200 3355
Notes to editors:
Typical personal loan and Car Purchase Plan rates available via internet
Applicable until 14 April
*Minimum loan under CPP is £2,500
Car Purchase Plan
The Car Purchase Plan enables buyers to borrow up to £20,000 over four years, and defer up to 60% of the loan. Finance is not secured against the car and CPP means they are not tied to one vehicle or dealer.
At the end of the loan period, they can:
- sell the vehicle to pay off the remainder of the loan;
- change car and use the trade-in value of their old vehicle to clear the deferred amount;
- keep the vehicle and continue making the same fixed low monthly payments until the whole amount is cleared.
Features of A&L's car-dedicated website include:
* Tips on buying and selling cars
* Parker's Price Guide
* Car data checks
* Company car tax calculator
* Search through thousands of cars for sale
* Motor industry news
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.