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We check out Tesco personal finance

Looking for a brilliant deal on a personal loan? If you're living in the UK then you need to check out the deals currently on offer from Tesco personal finance. Simply put, they offer some of the cheapest loans in the UK, and their terms are equally generous, so let's take a look.

Tesco may be more thought of as a provider of groceries than finance, but their personal loan product is fast earning a glowing reputation thanks to some outstanding offers. In fact, Tesco's whole range of finance including insurance, credit cards and even savings accounts, are becoming more and more popular all the time.

Their personal loan offers perhaps the best rates in all of the UK. You'll get an extremely generous 7.4% annual percentage rate (APR) on loans from £7,500 to £14,999, which comes out looking brilliant compared to the nearest rival, Halifax, who offer 8.8% on similar loans.

Tesco loans are available to all, no matter what the circumstances. They will entertain loan applications to assist with home improvements, help pay for your car, and even to consolidate outstanding debts into one tidy package. Their loans also enjoy a fixed rate for the life of the loan, which can be taken out over a period of one to five years.

The first payment will be made one month after the loan is issued, and unfortunately, there isn't the option to take a payment holiday. When the interest rates are this impressive though, a person can forgive them that!

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