![]() Once you have filled out your application with Tesco, the lender will assess your suitability, and carry out a credit check. Unlike an unsecured loan, a secured loan would require you to put up an asset of value, such as your home, as a security in order to be eligible for the loan. Can I get a secured loan from Tesco?Īt the time of writing, Tesco does not offer a secured loan. As with a standard personal loan, you can borrow between £1,000 and £35,000, for a maximum of 10 years.īefore applying for a joint Tesco loan, you should make sure you have had an honest conversation about your joint finances with the person who you will be partnering with, as both parties will be liable to repay the loan. ![]() It is possible to apply for a joint loan through Tesco. What interest rate you are offered at the start of your loan will depend on how much you borrow, how long you are borrowing for, and your own financial situation. The interest rate on your Tesco loan will be fixed for the entirety of the repayment period. What are the interest rates on a Tesco loan? How much you borrow, and your personal financial circumstances, will affect how much your loan costs overall. With a Tesco personal loan, you can borrow between £1,000 and £35,000. The maximum available length of your term will be informed by the amount you are planning to borrow. Tesco personal loans are unsecured, meaning you do not need to provide an asset as a security, and come with a fixed interest rate for the lifetime of the loan.Īs for the length of the loan, Tesco offers loans from 12 months all the way up to 10 years.
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