Loan costs cut

Saturday 05 February 1994 00:02 GMT

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National Westminster and Midland banks are both cutting the cost of personal loans. Until 30 April, NatWest offers a 1 percentage point discount from its normal rate of 19.9 per cent APR, for loans between pounds 500 and pounds 2,000.

Midland is reducing its rates from 21.4 to 20.4 per cent APR for loans between pounds 500 and pounds 2,990. An additional 2 percentage point discount is available until 31 March.

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