Tesco Bank cuts loan rate to 6.4% APR

Tesco Bank has cut its interest rate on loans between £7,500 to £14,999 for new customers from 6.7% APR to 6.4% APR representative.

Related topics:  Specialist Lending
Millie Dyson
14th October 2011
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Whether customers want to buy a car, pay for home improvements, or consolidate debts into one manageable monthly payment, it's possible to find a great deal with Tesco Bank.

Representative example:

Loan Amount: £10,000

Monthly Payment: £235.85

Term of loan: 48 months

Total amount repayable: £11,320.80

6.4% APR representative (this is also the borrowing rate). All rates are fixed.

Existing loans customers who apply for further borrowing will also benefit from a special reduced rate of 6.3% APR representative as a thank you for being a loyal customer. This applies only to loans between the value of £7,500 and £14,999.
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