Nationwide Building Society is extending its reduced personal loan rate of 4.9% APR Representative for main current account customers until 31 March 2014.

The personal loan rate of 4.9% APR Representative will continue to be available to customers borrowing between £7,500 and £14,999, for loans of up to five years until 31 March – the offer was due to expire on 19 February).

John Crossley, Nationwide’s head of credit cards and personal loans, said: “We’ve extended our personal loan offer so those people who haven’t had the chance to take it up still have the opportunity.

“It’s one of the most competitive rates on the high street and is worth considering if you’re looking to consolidate your debts, pay for home improvements or finance a new car, particularly with the new ’14 registration plates coming out in March.

“Even if you don’t have a Nationwide current account, you can still take advantage of our very competitive rates.”