Tesco loan - a short review of the range of available options and their main features.

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As can be understood from its name, the bank belongs to the largest retail market chain in the United Kingdom. It has been operating since 1998 and today it offers a wide range of reliable money services. One of the main activity areas of the company is lending money to the citizens. Tesco loans vary in sum and terms. Clients can pick a suitable option taking into consideration all the attributing terms. To make the right choice, you should start estimating your opportunities using Tesco loan calculator and investigating the offered payment schemes and the conditions. The key statements of Tesco bank loan include:
    • customer can identify a specific sum that he or she wants to borrow;
    • the bank provides the services that do not secure on client property;
    • the available repayment time is up to 10 years depending on the borrowed sum;
  • Tesco loan rates vary from 2.9% APR to maximum 34.5% APR depending on the sum;
  • the noted interest rate is valid for the whole repayment period;
  • monthly payments are fixed that makes budget planning easier.

Points to know - the peculiarities of Tesco loan UK application

Customers may prefer visiting one of the bank offices, contacting via phone, sending their documents by post or filling in the online form. Applicants must match the following criteria:
  • being not younger than 18 and no older than 74 years old;
  • being employed or having regular monthly income;
  • having location stability, living in the UK for the last three years;
All candidates need to provide documents according to the list that includes:
  • all existing accounts’ balance;
  • detailed information on monthly income;
  • address report.
Moreover, the bank may ask you to show rent or mortgage payment documents. Additionally, get ready to provide your employer’s address and phone number. Applying for Tesco loan online, customers can expect an immediate decision. It is especially helpful in case you need money urgently. Tesco loan reviews can help you reveal real people’s experiences - both positive and negative - and to define your plan of action. To be ready with the necessary documentation, it is recommended to look through the list of requirements attentively and to address client support service in case you have any doubts. Proper preparation can significantly reduce the time spent on the application procedure and help to achieve highly satisfying results.