Loans
What's your project this spring? Get it started with a low-rate loan
Spring is the perfect time to start planning for your summer projects - perhaps a new kitchen, some landscaping work on your garden or even a family caravan. Whatever your project is, a Tesco loan could make it happen.
Key benefits of a Tesco Loan
- Take a 2 month Payment Holiday at the start of your loan (Subject to eligibility)
- Borrow from £3,000 up to £25,000. Click here for full rate details.
- No set up fees
- Variable repayment day
- Fixed interest rates so your repayments will never change
Give Yourself Some Space With A Payment Holiday
Take a 2 month Payment Holiday and you will make no repayments for up to 3 full months from the date you receive your money.
Just the flexibility and reassurance you need in the first few months of your loan.
If you choose the Payment Holiday option, your loan term will be extended by two months and the interest is chargeable throughout the whole loan. Interest will continue to accrue during the Payment Holiday. A Payment Holiday is subject to lending criteria and may not be available to all customers.
Compare Our Loan Rate With Other Lenders
| Lender | APR Typical | 60 monthly payments of | Total amount to be repaid | Savings over 60 months |
|---|---|---|---|---|
| Tesco Loans | 7.4% | £148.93 | £8,935.80 | - |
| Alliance & Leicester | 7.7% | £150.21 | £9,012.60 | £76.80 |
| Nationwide Building Society | 7.9% | £150.74 | £9,044.40 | £108.60 |
| Intelligent Finance | 7.9% | £152.84 | £9,170.40 | £234.60 |
| Halifax | 8.4% | £154.65 | £9,279.00 | £343.20 |
| Marks & Spencer Money | 8.9% | £156.27 | £9,376.20 | £440.40 |
| First Direct | 11.9% | £164.32 | £9,859.20 | £923.40 |
Based on a £7,500 loan over 5 years without loan Payment Protection Insurance. Competitor rates: Source Moneyfacts.co.uk - the money search engine (25/04/08)
7.4% APR Typical
Why might I need payment protection insurance?
For just a small amount each month, we can give you the peace of mind of knowing your payments could be protected in the event that you are unable to make repayments due to involuntary unemployment, illness, accident or death.
Our Total Payment Protection Cover also offers a fantastic range of additional benefits such as confidential advice from a back to work helpline, £100 Tesco Gift cards each month of your claim and no delivery charges on Tesco.com grocery shopping deliveries (up to 5 per month).
