Tesco Personal Finance

Tesco sells much more than milk and eggs these days. You can buy a pair of jeans, a TV, a vacuum cleaner and even a mobile phone in store. What is not so clearly displayed unless you actually look at notice boards when you in store, is their financial services department. It's not just building societies that can become banks, supermarkets can try to do it too! Personal loans are available for any purpose. You get a low rate of interest at just 9.6% and if you borrow over £5000 you get it even cheaper at 8.2%. This is excellent. If you look round and compare you find that this is one of the best interest rates. Tesco credit card facilities ...

I didn’t realise that Tesco had so many financial products until I opened an ISA account with them. To be quite honest I just looked on it as a supermarket that had a pretty good petrol station in the car park. You can apply for a loan to buy a car or to improve your home, even for that long over due holiday. The rates are quite competitive compared to the high street banks. For a £2000 loan you pay 9.6% and only 8.2% if you borrow £5000. Payment protection cover is pretty standard rate but I think it is wise to get cover on any loan you never know what is around the corner and it gives you peace of mind. They even offer credit cards ...