A competitive rate of 15.9%APR representative on loans from £3,000 to £4,999.
The interest rate offered will depend on the amount you wish to borrow and your individual circumstances. Loans available to UK residents and over 18s only. Subject to status.
A great low rate of 8.3%APR representative on loans from £5,000 to £7,499.
The interest rate offered will depend on the amount you wish to borrow and your individual circumstances. Loans available to UK residents and over 18s only. Subject to status.
A great low rate of 6.1%APR representative on loans from £7,500 to £15,000.
The interest rate offered will depend on the amount you wish to borrow and your individual circumstances. Loans available to UK residents and over 18s only. Subject to status.
A great low rate of 8.3%APR representative on loans from £15,001 to £25,000.
The interest rate offered will depend on the amount you wish to borrow and your individual circumstances. Loans available to UK residents and over 18s only. Subject to status.
You can you use your personal loan from Tesco Bank to organise your finances into one fixed monthly payment.
Eligible customers have the option to apply for a two-month payment break before starting their monthly payments.
The information contained in this table summarises loan features, and is not intended to replace any terms and conditions.
Key Information |
|
|---|---|
| Interest charging information | Fixed rate for life of loan. Interest is calculated on a daily basis. |
| Repayment information | Payment is made by monthly direct debit from the account the loan is paid into. Your first payment will be made one month after issue of the loan. There are no mid term payment breaks. You can defer your payment by two months, subject to availability, at the beginning of your loan. If this option is taken the first payment would be taken the 3rd month after the issue of the loan. Interest continues to accrue during the break period. |
| Repayment Period | Any term from 12 months to 120 months. |
| Application / Arrangement fee | No set up fees apply. |
| Other Fees | A 'Fast Delivery' fee of £50 will be charged for next day delivery if selected. One-off 'Fast Delivery' fee of £50 is made in addition to the first month's payment. This is not added to your loan amount and interest is not charged. |
| Default Fees | £12 each time a loan payment is not made on time. £12 when a default notice is issued. |
| Early Settlement | You will be charged up to two months interest if you choose to settle your Tesco Personal Loan early. |
The actual rate offered may be higher depending on our assessment of your personal circumstances and financial behaviour. Early settlement fees may apply. The repayment period depends on the purpose of the loan and your personal circumstances. To tailor your quote to the exact amount and loan term please call us on 0845 600 6016 or use our repayment calculator.
Tesco Bank subscribes to the Lending Code. We recommend you read A guide to the Lending Code for Customers. Full details of the code are available from the Lending Code Standards Board website.
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