Loan provider profile: Northern Rock loan
Northern Rock is based in the North East of England and is the area’s largest financial institution. It is also the UK’s eighth largest public bank. The Northern Rock HQ is in Newcastle-upon-Tyne and the company serves the UK and Ireland.
They have a network of branches; postal, telephone and internet operations; plus, mortgage centres.
Northern Rock’s roots date back to the mid-19th century and the company we know today is an amalgamation of over fifty small, local building societies. In 1997 Northern Rock converted from being a building society to a PLC and is authorised under the Banking Act 1987 as well as being regulated by Financial Services Authority.
Northern Rock provides a wide range of financial products, the core ones being mortgages, loans, credit cards and savings products.
The Northern Rock Personal Loan has many benefits. The features of the Northern Rock Personal Loan (when bought online) include:
- a 25% discount on all Loanprotect products for all Unsecured Loan customers, regardless of term.(Applications made via the ‘phone or in-branch get a 20% discount)
- Joint applications are available
- No minimum income required
- The loan can be used to consolidate debt