Tesco (Tescobank.com) is well known as the UK’s biggest supermarket chain, but the grocery giant has far more to offer. Since 1996 Tesco Bank has been offering an extensive range of financial services and products, from mortgages to current accounts. Customers can now access loans from Tesco Bank, allowing them to cover the costs of important events and purchases without draining their savings in one go.
Purchasing a new car or upgrading to a newer model is an expensive affair, and paying upfront is often impossible for many people. A car loan can help you to cover the costs of this important purchase upfront, allowing you to spread the payments for the car out over a period of term in manageable fixed repayments. Tesco Bank offers car loans with no arrangement fees and no hidden costs in the small print, making this major expense more manageable than ever before.
Tesco Bank’s car loans are unsecured, so your car won’t be held as collateral for the loan. It is important to meet the monthly repayments to avoid additional costs or a negative impact on your credit score. Customers can take out a car loan from Tesco Bank of any amount from £3,000 to £25,000, so you can use the money borrowed to choose any car within this price range.
The interest rate on the loan varies depending on the amount borrowed and your individual financial circumstances and history, but it’s possible to get a car loan with a low as 4.1% APR Representative from Tesco Bank. You can receive a personalised quote on your car loan by using the Tesco Bank website’s handy loan calculator, and applying online.
If you do apply for a Tesco Bank car loan online, you’ll receive a quote and decision immediately. If you agree to the terms, the loan documents will be delivered to your home, which you can then sign and send back. The money will then be in your account within three to five working days.
