Rates tumble in loans 'price war'

Dominic Lipinski/PA Wire

A "price war" to attract personal loan customers has been stepped up as a supermarket launched a deal with the lowest rate seen in a decade.

Tesco Bank reduced its interest rate on personal loans between £7,500 and £15,000 to 5.2% APR, which according to research from Defaqto is the lowest rate on a deal of its kind seen in around 10 years.
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