Re calculating payments on loan

  • freflow's Avatar
    HiIn the pst I have experienced that when one wants to switch loan providers, the existing loan company can offer a recalculated loan deal and reducing loan repayments by lowering the interest rates. Has anybody got any knowledge if you can get Tescos bank to agree to a new loan with lower interest and lower repayments, or do I have to switch to a new company/bank who offers a better interest?Thanks
  • 2 Replies

  • 25H's Avatar
    Community superstar
    Hi
    I'm not aware of Tesco Bank re-calculating loans at present.
    However please send Tesco Bank a 'Private Message' so this can be checked out and provide you with an appropriate response.

    Click on this link and it will take you to a page, 'About Tesco Bank'.

    Towards the top right of the page click onto 'Send a Message'.

    A new page will open up, 'Create New Message'.

    Complete it and send your message securely.

    Please include your full name, date of birth and postcode

    Warm wishes, Caz
  • CSKBrambles's Avatar
    Above and beyond
    Hi @freflow
    I have not heard of Tesco Bank loans being re-calculated, but definitely worth asking !
    Please send Tesco Bank a 'Private Message' and ask the question ?.

    1. Click on this link @Tesco-Bank and it will take you to a page, 'About Tesco Bank'.

    2. Look toward the top right of the page click onto 'Send a Message'.

    3. A new page will open up, 'Create New Message'.

    4. Complete it and send your message securely.

    5. Please include your full name, date of birth and postcode

    Tesco Bank will reply to your private message with an answer.

    Best Wishes,