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Tesco Loan additional payments...

Horico
Horico Posts: 3 Newbie
in Loans
I'm possible looking at applying for a Tesco Loan but have a couple of questions..

Does anyone have a Tesco Loan and know whether additional payments are allowed and the effect they have on the loan?

Also, do you know how interest is calculated (eg. front loaded and added on or will an additional payment reduce overall interest due to it being calculated daily?)

Thanks

Matt:cool:

Comments

  • jonesMUFCforever
    jonesMUFCforever Posts: 28,898 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    From the loans section of the Tesco website it states that interest is calculated daily.

    I cannot find any information about whether you can make ad hoc additional payments to the loan.
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