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Just like Tesco's rival Sainsbury's, they have ventured into the personal finance market with an attractive loan offer of only 5.9% on typical amounts of £7,500 and more.
Tesco Personal Loan - APR Amounts
| Loan Amounts and APR |
| £3,000 to £4,999 |
13.9% |
| £5,000 to £7,499 |
7.9% |
| £7,500 to £25,000 |
5.9% |
More Tesco Loan Details
| Minimum Income |
£10,000 |
| Minimum Age |
18 |
| Arrangement Fee |
None |
| Early Repayment Penalty |
1 month interest |
| Repayment Periods |
1 to 7 years |
| Repayment Holidays |
No |
Tesco have a reputation for being cheap for groceries and other products that they sell instore and now, with the recent reduction in the typical APR, they are among the cheapest providers of personal loans in the UK.
The particularly attractive rate is for loan amounts in excess of £7,500 which are eligible for a typical APR of only 5.9%, subject to status.
To find out more visit the Tesco website today.
** Offer withdrawn**
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