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Tesco Bank cuts personal loan rate

7th September 2012 Print

Tesco Bank has reduced its interest rate on personal loans between £7,500 and £15,000, giving customers one of the best rates available in the market.

The new interest rate is effective from Thursday 6 September until midnight on Monday 24 September.

Tesco Bank loans are convenient and have a transparent and straightforward application process. The 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 of Banking at Tesco Bank, said: "We keep our rates under constant review and pride ourselves in offering customers' competitive products and rewarding loyalty. This great new loan rate follows hot on the heels of our outstanding new balance transfer on the Tesco Clubcard credit card and new mortgage rates."

For more information, visit tescobank.com.