Northern Rock personal loans has a low typical apr of 6.5%, this is currently among the lowest typical apr of all available loans at Loans-Loans.com. However, if you are to be accepted for this loan rate then it depends on your personal circumstances and also your loan amount.
There is one important point to note about the Northern Rock loan which is if you are accepted you will automatically receive your funds via CHAPS, which is Northern Rock's transfer method. For this you will automatically be charged a fee of £35, you ill need to notify Northern Rock in writing to avoid this charge. If you are happy to wait a little longer for your funds they can be transferred into your bank account via BACS, which will take around 4 days and at no extra cost.
Additional benefits of the Northern Rock personal loan are that there is no redemption penalty for paying off your loan early and no arrangement fee.
| £1,000 to £25,000 |
6.5% |
| Minimum Income |
N/A |
| Minimum Age |
21 |
| Arrangement Fee |
None |
| Early Repayment Penalty |
None |
| Repayment Periods |
1 to 10 years |
| Repayment Holidays |
No |
Fantastic! A great loan offer from Northern Rock. Not only will you benefit from the cheap rate, with no early redemption penalty you can pay the loan off in full at any time at no extra charge, unlike many other lenders.
Also, benefit from an additional 5% discount on loan protect to what is offer in branches making the total loan protect discount for online applications at 25%. There are various levels of loan protect insurance, check web site for details.
To find out more visit the Northern Rock web site today.
Northern Rock personal loans applications |
