With a low APR of only 3% for loan amounts from £7,500 to £25,000, payable over 1 to 5 years, Tesco Bank personal loans provide you with tremendous spending power that allows you to confidently plan your finances.
Benefits of Tesco Bank Personal Loans
Following are the benefits you can expect to enjoy when you obtain a Tesco Bank personal loan:
- Instant decisions on online loan applications
- Fixed payments on your selected date monthly
- 2-Month deferred payment option for eligible clients
- Longer loan terms available, but may be subject to different rates
How Tesco Bank Personal Loans Work
A personal loan from Tesco Bank gives you access to the funds you need upfront, while allowing you to repay over a convenient period of time. Whether you need immediate funds for a new kitchen, car, or even a special holiday, a loan will help relieve your financial distress.
Tesco Bank Personal Loans Features
- Unsecured Loan – Your loan will not be secured by a collateral like your car, home, or another asset.
- Available Repayment Options – Repayment terms may range from 1 to 10 years, depending on the loan purpose and amount. Note that the higher repayment periods may not be available for some loan purposes.
- Borrow the Exact Amount You Need – You can specify the exact loan amount you need – down to the last pound. You can also choose the loan term.
- Fixed Interest Rate – Interest rate remains the same throughout the duration of your loan. Interest is computed daily, and may vary, depending on your personal circumstances.