Tesco reduces loan rates | Product News - Moneyfacts

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Tesco reduces loan rates

Tesco reduces loan rates

Category: Loans
Date: 24/02/2014

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 It is now over 6 months old so the content may be out of date.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 rates by 0.3% APR on selected personal loan amounts for both new and existing customers.

The basics…

Customers looking to borrow between £7,500 and £15,000 will now pay a competitive 4.6% APR.

The finer details…

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.

Why we like it…

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.

What Next?


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 Any products featured may be withdrawn by their provider or changed at any time.

 

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 Any products featured may be withdrawn by their provider or changed at any time.

 
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