Personal loan war could be on the way

Nationwide has cut personal loan rates to 6.2%. That's one of the lowest rate in the UK currently, though the deal is only for those borrowing between £7,500 and £14,999, and only for Nationwide's Flex Account customers. But the move could be the sign of an impending loan war. Rates from Tesco and HSBC have recently slipped as well. Time to go on a splurge?