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Monday, April 20, 2026
FinovateSpring | FFNews

Tesco Bank Cuts Personal Loan Rate for Clubcard Customers

Tesco Bank is now offering its lowest personal loan rate for Clubcard customers looking to borrow between £5,000 and £7,499. The new rate of 3.8%APR representative* (reduced from 4.3%) is one of the most competitive on the market.

Tesco Loans have a straightforward application process and customers can make fixed monthly payments and there are no set-up charges. Eligible customers also have the option to apply for a payment break at the start of the loan.

David McCreadie, Managing Director at Tesco Bank, said: “We are committed to helping customers at every stage of their lives and customers take loans for a variety of reasons. Whether it’s for a new car, a home improvement or a once in a lifetime holiday, we are pleased to offer Clubcard customers one of the most competitive loan rates available on the market.

The new loan rate is available now. Tesco Loans are available for between one and ten years, depending on the loan amount and purpose of the loan. Customers should visit http://www.tescobank.com/loans/ for more information.

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