Following last week’s interest rate cut, BHF Finance has reduced its lending rates to members.
Unlike many of the country's major banking institutions, which have yet to act following the Bank of England's decision to cut the rate to 5%, the BHF has reduced its rate by 0.25%.
The BHF company is not dependent upon inter-bank funds, as it benefits from money deposited by members, and is able to pass on the full impact of the rate cut to its members.
As a result, all BHF Finance APR lending rates have been reduced, whether for new or used vehicles, computers or equipment, working capital or personal loans