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News: Tesco cuts loan rate to 6.3% APR

Tesco Personal Finance has cut the cost of borrowing by reducing the personal loan rate on its most popular band, £7,500 - £25,000, to 6.3% APR for both online and offline customers (down from 6.6% APR).

The reduced rate loan is available for a limited period (until October 4th).

Meanwhile, the £5,000- £7,499 band has been reduced to 7.4% APR (down from 7.6% APR).

Loana are fixed, with no arrangement fees or additional charges, and have optional payment protection.

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