Midland cuts car loan rate

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The Independent Online
MIDLAND Bank is cutting its loan rates to customers who take out a loan to buy a car before the end of August. The APR is being cut from 21.4 per cent to 19.4 per cent for loans between pounds 500 and pounds 2,990. For loans between pounds 3,000 and pounds 10,000 the rate is being brought down from 19.3 per cent to 17.3 per cent. The 2-point discount applies to the full term of the loan.

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