Tesco Bank Personal Loan and How to Get it

Tesco Bank Personal Loan

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. Tesco Bank Personal loan 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. They need Mortgage and rent repayments. Your credit and store card limits should be presented. 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 £7500. Right now, the interest rate is 2.9% if clients qualify for this low rate and 25.5% for the highest. The rate can be higher in different circumstances.

Let say a customer qualify for the 2.9% rate. If they plan to pay back the money you borrowed in one year, their total repayment would be 7616.76 Pounds. Their monthly payment would be 634.73 pounds. Short term loans of 12 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.

What is requirements for getting a loan from Tesco Bank?

  • aged between 18 and 74
  • emplpoyed with regular income
  • having personal bank account
  • have been in the UK for at least 3 years

Individuals pay their loans over 1 to 7 years. Tesco offers its customers to have a 2 months break opportunity! Please note that you may track your loan balance on Tesco Mobile App.