Tesco cuts loan rates | Product News - Moneyfacts

Product News

Tesco cuts loan rates

Tesco cuts loan rates

Category: Loans
Date: 20/11/2013

MONEYFACTS ARCHIVE
This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Tesco Bank has reduced personal loan rates across its range.

The basics…

Borrowers looking for a loan between £5,000 and £7,499 will now be charged 6.4% APR (a reduction of 0.6%).

Those needing a higher value loan between £15,001 and £25,000 will be charged 6.8% APR.

The finer details…

Borrowers must remember that rates are representative and depend on an individual's credit rating.

Example repayments: For a £5,000 loan taken out over three years borrowers will need to pay £152.61 per month. Total repayable = £5,493.96.

Why we like it…

This rate reduction cements Tesco Bank's position as one of the most competitive loan providers in the market.

Four Moneyfacts Stars have been awarded.

What Next?

Find the best loan for you with our easy to use loans 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 Any products featured may be withdrawn by their provider or changed at any time.

 

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 Any products featured may be withdrawn by their provider or changed at any time.

 
Close