Tesco loan

Calidad

Hi,

A quick question. I took out a £5500 loan last year from Tesco @ a rate of 3.3% to help with a car purchase. 

So in all I am due to pay back £5788.

I’m now about 17 months into a 36 month payment plan

I’m just wondering whether it’s worth me transferring this to a 0% CC? But I’ve had a look round and the only one I can find is MBNA card, but it charges a 2.99% fee, so it doesn’t seem particularly useful. I heard about a lot about these 0% cards, but are they more for purchases than transferring debt, because I’m having difficulty finding one with 0% balance and fee.

btw, this isn’t a debt worry post. The payments are perfectly manageable for me, was just wondering if I could save on the interest…

thank you.  

[Deleted User]

You'll need a money transfer card, but the fee will probably outweigh any savings on the loan interest. 

Just increase your payments to the loan and clear it early.

Calidad

Thank you. That’s what I thought. Just wasn’t sure if I was missing something obvious. Thanks again.