Yes, you heard it right. Tesco bank now provides Personal Loans at attractive rates.
Tesco Bank is now a full-service bank that offers personal loans and insurance products with a well-rounded portfolio and currently serves around 5,000,000 clients in UK.
In recent years, Tesco Bank has become one of the largest providers of consumer credit, offering more comfortable terms and conditions at comparatively low interest rates.
The Annual Percentage Rate (APR) of the bank for a Personal Loan is %2.90. It is one of the cheapest rates from all major banks in the UK. The bank grants a % 2.9 APR representative on loans from £7,500 – £25,000 over 1-5 years upon fulfilling conditions.
Tesco Bank has a wide range of different loan amounts and terms available – you can access Bank’s loan calculator to work out repayment schedule for different amounts.
Tesco Bank provides an instant decision when you apply online. Another nice feature of Tesco Bank Loans is that all Personal Loans are fixed rate. You will have the peace of mind when paying back your loan to Tesco Bank. Nice and simple.
The attractive lending rates of Tesco Bank are considered to be quite attractive, even if the customer chooses a longer term loan. The period between the loan payment and the application is in individual cases up to four weeks. You can contact the bank directly via the contact information provided on the bank’s website.
The processing of loans is usually online, which allows more favorable terms. It is also possible to submit applications in the Tesco Bank branches. However, the interest rate in this case is two percentage points higher. To achieve optimal monthly rates, the flexible terms are between one and five years. In addition to free use, the loan can also be used to auto-finance or reschedule existing liabilities.
Requirements to apply for a loan from Tesco Bank:
The applicant must be a resident of United Kingdom.
The age of the applicant should be between 18 and 70 years.
Applicant must be employed for an indefinite period.
Applicant must have a very good credit rating.