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Some questions before committing to a loan

  • alextw's Avatar
    I would like some concrete answers before committing to a loan. These are questions you can answer now. Assume I am offered a 15000 GBP loan for 4 years at 3% APR:
    (a) Assume I make 3 montly payments and then my circumstances change and I decide to pay off the loan. What's the settlement figure?
    (b) In earlier messages you said you do not charge if I make overpayments. Is that accurate regardless of the amount overpaid?
    (c) Where can I find the full blown terms and conditions for personal loans?
  • 1 Reply

  • Verified Answer

    Tesco-Bank's Avatar
    Your Community Expert
    Verified Answer
    Hi , thanks for getting in touch. We wouldn't be able to calculate an early settlement figure for a loan that is in the application process. Sorry about that. There are no charges for over payments, regardless of the amount. You can find the terms and conditions for our loans on our website. I've attached a link for you below.

    https://www.tescobank.com/loans/

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