Tesco Bank has reduced the cost of borrowing on selected personal loan amounts for both new and existing customers.
Customers looking to borrow between £7,500 and £15,000 will now pay a joint market-leading 4.1% APR.
Example repayments: £7,500 over five years = £138.20 per month.
It should be noted that this rate is only available for customers applying online or by telephone and borrowers must remember that rates are representative and depend on an individual's credit rating.
This rate reduction from Tesco Bank sees them storm into the Moneyfacts best buys for competitive mid-tier borrowing.
The highest accolade of five Moneyfacts Stars has been awarded.
Compare loan repayments and interest with our easy-to-use loan calculator
Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.
Moneyfacts.co.uk will, like most other websites, place cookies onto your computer’s
hard drive. This includes tracking cookies.