Tesco Bank Personal Loan
Full product details for the Tesco Bank Personal Loan, including loan details, application criteria, rates, suitability, fee & charges, example costs, facilities, restrictions and incentives.
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Tesco Bank Personal Loan Features & Benefits
| Representative Example | The representative APR is 6.1% (fixed) so if you borrow £10,000 over 4 years at a rate of 6.1% p.a. (fixed) you will repay £236.88 per month & £11,370.24 in total. 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. | |
| Loan Type | Unsecured | |
| Minimum Loan | £3,000 | The minimum advance is £3000. |
| Maximum Loan | £25,000 | The maximum advance is £25000. |
| Minimum Loan Term | 1 year | The minimum loan term is 12 months. |
| Maximum Loan Term | 10 years | The maximum loan term is 120months. |
| Headline Representative APR | 6.1% | 6.1 |
| Headline Representative Loan Amount | £7,500 to £15,000 | |
| Early Repayment Charge | 2 months | The early redemption charge is equivalent of 2 months interest. |
| Deferred Start | 2 months | Take a 2 month Payment Holiday and you will make no repayments for up to 3 full months from the date you receive your money. |
| Debt Consolidation | yes | Debt consolidation allowed. |
| Express Delivery | yes | Express delivery/transfer available. 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 the loan amount and interest is not charged. |
| Credit Rating | good | Most suited to individuals who have an average income and a recent credit history free from credit defaults, arrears, CCJs or missed payments. The majority of applicants can be described as having a good credit rating. |
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Excellent information. Informative and concise - keep up the good work! Adrian |
Compare Tesco Bank Personal Loan With These Loans
Bank of Ireland Personal Loan
- A maximum loan of £25,000 is offered by Bank of Ireland.
- Customers get minimum arrangement fee of £65.
- Applicants take advantage of 0% arrangement fee from Bank of Ireland.
- Get £1,000 to £1,000 headline representative loan amount.
- Representative Example: The representative APR is 9% (fixed) so if you borrow £10,000 over 4 years at a rate of 9% p.a. (fixed) you will repay £245.25 per month & £11,772 in total. Arrangement fee £65,
Nationwide Personal Loan (Existing Customers)
- Nationwide offers deferred start of 0 mth.
- £25,000 maximum loan is offered.
- Have the benefit of £0 arrangement fee.
- Get a minimum loan of £7,500 from the loan.
- New customers take advantage of 5 yrs max loan term.
- Representative Example: The representative APR is 6.3% (fixed) so if you borrow £10,000 over 4 years at a rate of 6.3% p.a. (fixed) you will repay £235.42 per month & £11,300.16 in total.
Ulster Bank Personal Loan
- Take advantage of an arrangement fee of £0.
- Get a minimum loan of £1,000 from this loan.
- Benefit from arrangement fee of 0 percent.
- You can have the benefit of maximum loan term of 5 yrs.
- Deferred start of 0 month.
- Representative Example: The representative APR is 9.8% (fixed) so if you borrow £10,000 over 4 years at a rate of 9.8% p.a. (fixed) you will repay £250.67 per month & £12,032.16 in total.
Yorkshire Bank Personal Loan
- Benefit from £0 maximum arrangement fee.
- This loan has a max loan term of 7 years.
- £7,500 to £14,999 headline representative loan amount is offered to customers.
- Max loan of £14,999 is offered.
- Representative Example: The representative APR is 6% (fixed) so if you borrow £10,000 over 4 years at a rate of 6% p.a. (fixed) you will repay £235.20 per month & £11,289.60 in total.
Halifax Personal Loan
- Take advantage of a minimum arrangement fee of £0.
- Get a minimum loan length of 1 year from the Personal Loan.
- Applicants get minimum loan of £7,000.
- This loan has an arrangement fee of £0.
- Representative Example: The representative APR is 8.8% (fixed) so if you borrow £10,000 over 4 years at a rate of 8.8% p.a. (fixed) you will repay £249.80 per month & £11,990.40 in total.
Oakam Bonus Loan
- 6 months minimum loan term is available.
- Bonus Loan gives a promotional representative APR of 76.9%.
- Applicants get £2,501 to £3,000 promotional representative loan amount from Oakam.
- Minimum loan of £200 is offered with the loan.
- Get a deferred start of 0 mth from the Bonus Loan.
- Representative Example: The representative APR is 338.2% (fixed) so if you borrow £5,000 over 2 years at a rate of 338.2% p.a. (fixed) you will repay £535 per month & £12,840 in total. Arrangement fee £40,
Tesco Bank Personal Loan (Existing Customers)
- New customers enjoy maximum arrangement fee of £0.
- Tesco Bank gives arrangement fee of £0.
- Initial representative APR of 6% is offered with this loan.
- £0 minimum arrangement fee is available.
- New customers get max loan of £25,000.
- Representative Example: The representative APR is 6% (fixed) so if you borrow £10,000 over 4 years at a rate of 6% p.a. (fixed) you will repay £234.12 per month & £11,237.76 in total.
