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A&L cuts down interest rates
London (go4ukloans) May 18, 2006

With lowering down of the interest rate on unsecured personal loan by Alliance & Leicester (A&L), consumers can now get an advantage of low interest rate and easy personal loan deals. London (go4loans) May 15, 2006: A &L, a financial giant in UK has reduced the interest rate on personal loans by 0.2% and the new competitive rate available for consumers are 5.9%.

Consumers can take the benefit of low interest rate by borrowing between £5,000 and £20,000. A&L is also providing personal loans deal through to its customers through online as well as over the phone and branches.

Claire Alvey, personal loan manager for A&L said that the aim of lowering down the interest rate was to make the borrowings more easy and affordable.

Any borrower taking loans from banks at uncompetitive interest rate or borrowers with debt on credit cards or store cards could save £820 or more.

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