Tesco Bank: Personal Loan (Existing Customers)
- Provider: Tesco Bank
- Product: Personal Loan (Existing Customers)
- Funded by: provider
Representative example: The representative APR is 5.1% so if you borrow £15,000 over 60 months at a rate of 5.1% p.a. (fixed) you will repay £283.76 per month and £17,025.37 in total.
| Loan and application details | |
| Loan details | |
| Rate tiers | £3,000 - £4,999 - 12.8% £4,999 - £7,499 - 7.0% £7,499 - £15,000 - 5.1% £15,000 - £25,000 - 7.2% |
| Risk based pricing |  |
| Minimum / Maximum term | 12 to 120 months |
| Minimum / Maximum term restrictions | The maximum term is 120 months. NOTE: -The maximum advance is £25,000. -Applicants must be between 18 and 74, earning over £10,000 a year -The maximum term for loans under £15,000 is 5 years (except for home improvements) -Loans used for refinance purposes can be taken for up to five years except for homeowners who can borrow over seven years -Loans used for refinance purposes of over £15,000 are only available to homeowners. -Loans used for home improvement purposes are only available to homeowners |
| Minimum / Maximum advance | £3,000 to £25,000 |
| Application information | |
| Minimum age | 18 years |
| Minimum income | £10,000 |
| Existing customers only | yes |
| Geographical restrictions | |
| Arrangement fee | £0 |
| Direct debit required | |
| Internet loan | |
| Online decision | |
| Postal loan |  |
| Branch loan | |
| Telephone loan | |
| Joint application allowed | |
| Debt consolidation allowed | |
| Managing the loan | |
| Loan options | |
| Early redemption charge | 2 months |
| Deferred start | Optional deferred start. |
| Repayment breaks | no |
| Flexible rescheduling | yes |
| Product data provided by Defaqto |
