Sometimes people need a little money to make life easier and more productive. Whether in need of a loan for a car, home improvement, or for whatever the reason is Tesco Bank can help. Personal loans from Tesco Bank are easy to apply for and helps their customer.
When clients apply for a personal loan with Tesco bank, they will need some information and qualifications. They have to have lived in the UK for at least three years. They need regular income from employment. They cannot be in a trial period of their employment. They will need a personal UK banking account. If they meet all these requirements, they can apply for a Tesco Personal Loan.
Here is a look at the interest rates and what customers will repay when they borrow £5000. Right now, the interest rate is 3.5% if clients qualify for this low rate. The rate can be higher in different circumstances.
Let say a customer qualify for the 3.5% rate. If they plan to pay back the money you borrowed in three years, their total repayment would be 5269.68 Pounds. Their monthly payment would be 146.38 pounds. Short term loans of 36 months like these are easy to apply. The interest is very reasonable.
When you apply for a loan, make sure you have all your information up to date. You can make the process much easier by having your information ready. Tesco Bank is a reputable Bank. Tesco has many friendly representatives that are happy to help you with your banking needs.