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Tesco Bank cuts rates on personal loans

29th May 2012 Print

Tesco Bank has reduced its interest rates on loans between £5,000 and £25,000, giving customers some of the best rates currently available in the market.

Existing loans customers who apply for further borrowing can also enjoy an additional reduction on loans from £7,500 - £15,000.  All loans are available online or over the phone.

Tesco loans have fixed monthly payments and no set-up charges, the ability to choose the repayment date and the option to take a payment break at the start of the loan (subject to eligibility).

David McCreadie, Managing Director, Banking at Tesco Bank, said: "Tesco Bank continues to offer good deals for customers, and today's rate changes reinforce this.  Our market leading rates and straightforward application process, which gives an instant decision, makes our loans a great choice for Tesco customers".

Customers should visit tescobank.com for more information.