Loan rates return to pre-credit crunch levels

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High-street banks and building societies are continuing to cut their personal loan rates – in spite of the Bank of England base rate being held in June, and forecast to rise around the turn of the year.
Nationwide is the latest lender to make further reductions to the rate on its personal loans – allowing customers to borrow up to £15,000 at a repayment rate of 6.6 per cent.


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