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Representative example. Representative 6.1% APR, based on a loan amount of £10,000, over 5 years, at a Fixed Annual Interest Rate of 5.9358% (nominal). This would give a monthly repayment of £193.02 and a total amount repayable of £11,581.20. This representative APR applies to loans of £7,500 – £25,000 over 1 to 5 years.
Check your eligibility for our Clubcard member exclusive 6.1% APR representative on loans from £7,500 - £25,000 over 1-5 years. Personal Loans available to UK residents aged 18 or over. Rate will vary depending on loan amount, term and individual circumstances. Subject to status.
Loan calculator. With our loan calculator, you can find out what your repayments might look like, and the interest you could end up paying. A loan from Tesco Bank could be a great way to fund a home improvement project, upgrade your car, or help to cover the cost of your wedding. Please find out about our loans before you apply.
The APR on a Tesco Bank loan ranges from 6.1% through to 19.1%, depending on the loan size, and is subject to status. The representative example it provides is that a loan for £10,000 paid back over 60 months at an APR of 6.1% would require monthly payments of £193.02. The total amount repaid is £11,581.20, of which £1,581.20 is interest.
Our Verdict. Tesco Bank offers competitive interest rates on personal loans — particularly on borrowing between £7,500 and £25,000. Repayment terms range from 12 months up to 10 years compared ...