Tesco Car Loan
Tesco Car Loan
Buying a car is a major investment, regardless of your age of lifestyle. The cost of purchasing a new car might be quite daunting, but there can be many benefits. There are a wide range of funding options available to those looking to buy cars, which means if you’re in need of a car but don’t have enough savings to cover the cost, you’ll still be able to go ahead with the purchase.
Personal loans, also known as 'unsecured loans' because you do not need to put up property as security on them, are usually available from £1,000 and up to amounts of £25,000 and can be repaid over variable numbers of years. Lenders tend to offer better rates of interest with large sums being borrowed, however you should not take out a loan you cannot afford the repayments on just because of this.
Lenders will advertise their personal loans with a Representative APR however this is not the amount you are guaranteed to get from taking out a loan with them. The actual interest rate you are offered may be influenced by your personal financial circumstances and history, these same criteria will also affect just how much a lender will be willing to loan you.
Features of a Tesco car loan
- Borrow from £1000 to £35,000 over 1 to 10 years.
- No limit to how many miles you do in your car
- No upfront payment
In order to be eligible for a Tesco loan you must:
- Be aged between 18 and 74.
- Be in employment with no probationary period, or have regular income e.g. pension.
- Have lived in the UK for at least 3 years.
- Have a UK personal account.
We work with the majority of UK car loan lenders (including HSBC), and have access to leading and exclusive rates on secured loans. Our team of car loan specialists can help understand your situation, and give you guidance towards finding the perfect secured loan deal for your own individual circumstances.
If you have any questions or queries about finding secured loan, why not call us today on 0117 313 8872, for a free initial consultation; or fill in our contact form to request a call back.