Wednesday 23rd August 2006
Customers who agree a loan with first direct over the coming weeks can take advantage of a tempting offer.
The bank has announced that customers who repay their personal loan by the agreed date will receive back 25 per cent of any interest they paid on the loan.
Therefore, someone who borrows £10,000 over three years at a rate of 6.9 per cent can expect to receive £266.93 returned upon prompt repayment, effectively giving the loan an interest rate of 5.3 per cent a year.
The deal applies to any loan between £5,000 and £25,000 with at least a two-year term and is available to all current account holders.
However, those tempted by the deal must act quickly, as the offer only applies to loans taken out before October 2nd.
First direct is consistently topping polls for most recommended bank and has some of the UKs most satisfied customers, according to research by MORI and Research International.
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