As well as being Britain’s largest retailer, Tesco also operate Tesco Personal Finance which is a joint venture between Tesco and the Royal Bank of Scotland. Tesco personal finance offers competitive personal loan rates, with typical interest rates advertised at 7.40%.
Tesco loans are available for amounts between £500 and £25,000, with repayment options ranging from 1 to 10 years. There are no set up fees, they offer optional payment protection, and you may be eligible for a two month payment holiday at the start of your loan to get your finances under control. Loans are available for almost any purpose, such as debt consolidation, home improvements, a holiday, or to finance a new car purchase.
If your credit rating is excellent, you may find that a Tesco personal loan is an affordable option for your requirements, however there are a few reasons to shop around before applying, particularly if your credit rating is less than perfect. Repayment terms are also subject to strict regulation, and are structured in such a way that if you are not a homeowner you may find that your most competitive and flexible deal can be found elsewhere.
To compare your options, complete the form on this page and we will search hundreds of loan options to find the most competitive deals for your circumstances.