Why is the owed amount different to the amount I was leant?
Why is the owed amount different to the amount I was leant?
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Your Community Expert@Huk Hey there, thanks for getting in touch!
You pay interest on your loan which means that you will pay more back than you borrowed.
The amount you pay back will depend on your APR and the loan term. This was outlined to you in your credit agreement which is signed before funds are issued.
I hope this clarifies things for you.
If you need to ask a question about a Tesco Bank product, you can make a post in Help & Support here
ChristopherP
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