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When taking out a loan there are pro's and con's that must be considered, including interest rates, fees, total loan amount and key benifits. Tesco finance say that their Tesco Loan has a discounted typical rate online of 6.5% APR! With a Tesco loan you can borrow between £3,000 up to £25,000 with no set up fees, and you can include balances from other cards and loans into the whole Tesco loan amount. Tesco say that with their Tesco Loan you can take a two month repayment break at the start of your loan. By taking a payment break you will make no repayments for 3 full months from the date that funds are issued. The Tesco Loan has a fixed interest rate so your repayments will never change. You can also pay your Tesco Loan back on the day of your choice and over a timescale that suits you.
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