Loan News Tesco Slashes Loan Rates

Written by Editorial Team

09 November 2005

Tesco Personal Finance has cut the annual percentage rate (APR) on its loans to 6.3 per cent.

The new rate will be available to all customers applying for a loan between £7,500 and £25,000.

A spokesperson for Tesco said: “The loan is fixed, with no arrangement fees or additional charges, and has optional payment protection.”

Customers who wish to apply for a loan at the new rate – which is 0.3 per cent lower than before – can do so by calling Tesco Personal Finance or applying online.

Also this week, Tesco announced customers will be able to pick up leaflets on National Savings & Investments (NS&I;) Premium Bonds as part of a new in-store pilot scheme.

Customers will be able to pick up the leaflets at the checkouts of 50 Tesco stores across the country.

To read more about Personal Loans, click here.