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POST OFFICE MONEY LAUNCHES ITS LOWEST PERSONAL LOAN RATES

Press Release   •   Feb 10, 2016 17:24 GMT

  • Instant decision personal loans from Post Office Money
  • Rates from 4.4 per cent APR* on loans from £1,000 to £25,000
  • Competitive rates mark Post Office Money's intention to become one of the leading financial services providers by 2020


Post Office Money has today launched its lowest ever personal loan rates, including 4.4 per cent APR (representative) on loans between £7,500 and £15,000.

Post Office Money’s personal loans are available for a term of one to seven years, and are paid in monthly instalments. Customers can apply online via a quick and simple application and can get an instant outcome. The application process is mobile and tablet ready.

Post Office Money’s Loans mark the latest enhancements to its product range since the launch of the Post Office Money brand in January 2015. Post Office Money brings together all of the business’ financial products in one place.

John Willcock, Head of Loans at Post Office Money, said: "We are always looking for ways to help our customers get life’s important things done, and so we are pleased to be able to offer what is our lowest ever personal loan rates.

“No matter the reason – from funding a household renovation to buying a new car – customers will be able to apply for a loan quickly and simply online, and in most cases will find out whether it has been approved immediately.

“We want to help our customers make the most of their money by providing products that are fair, accessible and easy to understand. We are committed to offering competitive products to our customers and today’s launch is another example of how we are doing just that.

Customers can pick up information about Post Office Money personal loans online at www.postoffice.co.uk/personalloans

Ends

* Annual Percentage Rate

About the Post Office

The Post Office (Post Office Limited) has an unrivalled national network of over 11,500 branches across the UK, more than all the high street banks combined, and sits at the heart of communities in Northern Ireland, Scotland, Wales and England. The Post Office has made a commitment to maintaining its network of branches at its current size and reach. It provides around 170 different products and services spanning financial services including savings, insurance, loans, mortgages and credit cards; Government services; telephony; foreign currency; travel insurance and mail services.

The Post Office serves over 17 million customers a week and a third of small businesses. Some 99.7% of the total population live within three miles of a post office and over 97% live with one mile of a post office. For many rural communities, the post office is the only retail outlet. Post Offices branches remain highly valued and trusted, and are the focal point of many communities. For more information, visit http://www.postoffice.co.uk/.

Please note the Press Office team can only deal with enquiries from the media.  Unfortunately they do not have access to customer information so can not help with customer enquiries.

If you have an enquiry regarding any Post Office product or service please visit postoffice.co.uk or call 0845 611 2970 Local call rates apply. Call costs may vary depending on your service provider. Calls may be monitored or recorded for training and compliance purposes.