Tesco loan rates cut

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Tesco loan rates cut

Tesco has announced that it will be cutting its loan rates to 6.3 per cent APR for both online and offline customers.

This is a cut of 0.3 points by the lender and applies to the £7,500 to £25,000 band – the supermarket giant's "most popular".

Furthermore, the £5,000 to £7,499 band has seen its rate reduced by 0.2 points down to 7.4 per cent APR.

All loans are fixed and customers incur no arrangement fees or additional charges.

Optional payment protection is also available for all Tesco loans.

Customers wishing to apply for the loan can do so by calling the lender or by visiting its website.

Tesco Personal Finance is a joint venture between Tesco and the Royal Bank of Scotland plc.

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