Tesco Bank has reduced rates by 0.3% APR 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 competitive 4.6% APR.
Example repayments: £7,500 over five years = £139.84 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 borrowing within the £7,500 - £15,000 tier.
Four Moneyfacts Stars have been awarded.
Compare loan repayments and interest with our easy-to-use loan calculator
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