Hitachi Personal Finance is offering the market leading rate of 5.9 per cent on small loans to secure its place as a leading provider of personal loans in 2014.

Its personal loans can be taken over a period of two to five years and have a representative APR of 5.9 per cent for loans between £5,000 and £5,999 taken over three years, making it one of the best in the market.

Hitachi Personal Finance marketing manager, Theresa Lindsay, said: “Our new rate means you could save on average £300 a year on a £5,000 loan compared to high street lenders , meeting the growing demand for smaller personal loans, to fund things like a new family car.”

Provider £5,000-£5,999 over 3 years (APR)
Hitachi Personal Finance: 5.9%
Yorkshire Bank: 6.4%
HSBC: 7.5%
Barclays: 9.9%
The AA: 13.9%

Source: www.hitachipersonalfinance.co.uk/small-loans/

Hitachi has been providing point of sale credit in the UK for more than 30 years, during which time it has managed in excess of 5m UK customers.

Published on: 7:04PM on 27th January 2014