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Re calculating payments on loan
Hi
In 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
Comments
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You'll need to apply for a loan elsewhere.
Bear in mind that you'll be assessed on having twice the debt, so you may be offered a higher rate, or just declined.
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