Consolodating Loans using 0% Balance Transfer Card- Can it be done & How?!

Hi Everyone,

Thanks for taking the time to read my post!

I've currently got a £10,500 loan with Tesco at 9.9% paying £205.88 per Month over 5 Years. I used this to buy and insure a van 9 months ago for a load of work i had in. Since then the work has dried up and I have sold the van for £6,500 and my Tesco Loan settlement figure is £8,770.96.

What i would like to do is use a 0% balance transfer card to shift the remaining £2,270.96 (Or more) to either a 12 month (£189.25 /Month) or a 24 Month (£94.62/Month) payment so i can save myself almost £1800 compared to paying the full £12,352.80 over the remaining 4 Years 3 Months.

However I have never used a 0% balance transfer card before, and I've heard its tricky to do this with loans. What I need to understand is if this is possible or if it is exclusive to only credit card balance transfers.

Just as a disclaimer, I can afford the monthly repayments on the tesco loan, I just want to clear this debt and have more monthly spending money rather than having a big load of cash sitting around.

Let me know if anyone can help!

Thanks