Tesco Bank has slashed personal loan rates for customers borrowing between £7,500 and £15,000 and £15,001 and £25,000 by 0.5% and 0.2%, respectively.
Customers borrowing between £7,500 and £15,000 are now offered a highly competitive rate of 5.2% APR, whilst those looking to borrow higher amounts between £15,001 and £25,000 can take advantage of an APR of 7.4%.
Both loans are available to new and existing customers aged between 18 and 74, earning over £10,000 a year.
Applicants must be employed full-time with no probationary period or have been self-employed for over two years or have a regular income e.g. pension.
Borrowers must be aware that both rates are representative and dependent on credit rating and the loan amount and term.
Tesco Bank has asserted its position in the personal loans market with these two market-leading rates. Four out of five Moneyfacts stars have been awarded.
Find out how much a Tesco Bank Loan could cost you each month with our handy loans calculator.
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