Tesco Bank cuts loan rate to 6.4% APR

Tesco Bank has cut its interest rate on loans between £7,500 to £14,999 for new customers from 6.7% APR to 6.4% APR representative.

Whether customers want to buy a car, pay for home improvements, or consolidate debts into one manageable monthly payment, it's possible to find a great deal with Tesco Bank.

Existing loans customers who apply for further borrowing will also benefit from a special reduced rate of 6.3% APR representative as a thank you for being a loyal customer. This applies only to loans between the value of £7,500 and £14,999.

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).

Get 5p off a litre of fuel with a loan to buy a car:

As a further small thank you, new customers who use their Tesco Bank loan to buy a car will receive 12 coupons for 5p off a litre of fuel. These vouchers can be used throughout the year at Tesco Petrol Filling Stations.

For more information and full terms and conditions, visit tescobank.com.