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Tesco Loan additional payments...
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:
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:
0
Comments
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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.0
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