Tescos loans are available online to those looking to borrow money from the well known Tesco Finance division and can be used for personal reasons such as financing a better car, going on holiday or for home improvements. The amount of money that will be available to you for borrowing and the rates at which you must pay it back will largely depend upon your personal financial circumstances and the condition of your credit history record.
The Tescos loans allow you to borrow amounts between £3000 – £25000 with no set-up fees to pay and at a fixed interest rate so that you can manage your finances easily knowing that your repayments will never go up. Also offered by the Tesco Finance division when applying for a loan is their 2 month payment holiday which means that you will have the breathing space of not having to make any repayments for up to 3 months from the date that you receive the money into your account. This payment holiday will be subject to certain conditions and criteria and is not available to all applicants, once again, your previous credit history record will have an effect.
Payment protection insurance is an optional extra and could cover your regular payments in the event that you are unable to yourself. Instances where this may occur could include finding yourself involuntary unemployed, injured or down with an unexpected sickness. This payment protection cover offered by Tesco is highly regarded and was awarded a five star rating by independent financial research company Defaqto. If you are looking for a reliable credit financial provider from which to borrow money and know that you are fully covered in the event that you find yourself not able to make the repayments then try Tescos loan solutions for finance that could meet your needs.