New loan from Northern Rock

Wednesday 09 November 2005

Northern Rock has introduced a new loan. The product has a rate of 5.7 per cent typical APR and is unsecured.

Any amount between 1,000 and 25,000 is available and a payment period can be decided.

There is also a 20 per cent discount on Loanprotect, Northern Rock's payment protection policy.

With Loanprotect Gold cover, a loan of 5,000 over three years with the above interest rate would equal to repayments of 164.97 per month.

Applications will be accepted subject to credit ratings and can be made online, by telephone or personally in a branch.

Northern Rock has also recently launched two fixed rate ISAs that provide a rate of 4.45 per cent gross p.a. fixed until November 15th 2006 or November 15th 2009.


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New loan from Northern Rock