BoS ‘sale’ slashes lending rate

BANK of Scotland (Ireland) has reacted to recent reductions in the personal loan market by lowering its rate to 7.2%.

Its “summer sale” offer will run to the end of August and the new fixed rate applies to personal loans between the values of €2,500 and €25,000.

According to Chrissy Quinn, head of retail at Bank of Scotland (Ireland): “This summer sale supports our commitment to offer value-for-money products — whilst putting money back in consumers’ pockets. We are inviting customers to get a highly-competitive fixed-rate loan before the end of August.