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United Kingdom : Bank of Scotland launches flexible loan with customers' needs at the heart.

Bank of Scotland has launched a new Flexible Loan to help customers take control of their finances and get debt free faster. Customers who take out the new Bank of Scotland Flexible Loan will be able to make as many additional payments as they like and repay their loan early or refinance without any additional charges.

In addition, customers who have had a personal current account with Bank of Scotland for more than five years will benefit from a 1% loyalty discount on their personalised rate on loans of Au7,500-Au25,000 over 1-5 years (6.4% APR representative).

The key features are:

No additional interest charged if loan is repaid early

Available from 20th January 2014

Loans available from Au1,000-Au25,000 over 1-7 years

Available through Bank of Scotland directly in branch, online or by phone.

Chris Baker, Head of Loans at Bank of Scotland said, It is important to us that we help our customers take control of their finances and get debt free faster. We are pleased that our new competitive range of Flexible Loans will help customers do this by allowing them to make as many repayments to their loan as they wish. They can also repay us early without incurring additional interest charges.

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Publication:Mena Report
Date:Jan 21, 2014
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