Tesco Bank has reduced the cost of borrowing across all personal loan amounts by up to 0.5% APR for both new and existing customers.
The biggest reduction can be seen in the £3,000 to £4,999 tier which now pays a competitive 12.3% APR, while higher loan amounts have witnessed similar reductions to offer market-leading rates.
Example repayments: £3,000 over three years = £99.15 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 in the Moneyfacts best buys for competitive borrowing across all tiers.
The highest accolade of five Moneyfacts Stars has been awarded.
Find the best loan for you.
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 Any products featured may be withdrawn by their provider or changed at any time.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.