Summary
The cost of large personal loans tumbled in the first week of 2011, as a price war erupted among lenders after two years of rising rates.
The average rate on the top ten GBP7,500 loans has fallen to 7.89 per cent, the lowest level for more than two years, according to Moneysupermarket.com, after six lenders announced rate cuts.See the full content of this document
Extract
Price War Delivers Cheaper Loan Deals
M&S Money led the way by slashing its biggest personal loans by 2.4 percentage points, equating to an inter...
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