In a bold move this Valentine’s Day, we’ve decided to compete with Tesco Bank rather than Tesco’s flower department. Slightly less traditional, perhaps, but we think you’ll appreciate our newly reduced loan rates more than a wilting bouquet.
With rates of 13.68% APR Representative for loans between £2,500-£5,000 and 10.69% APR Representative for loans between £5,000-£10,000, we’re now more competitive than Tesco Bank in many cases.
While they’ve got the meal deal market cornered, we’ve taken the lead on affordable lending.
At London Mutual Credit Union, we’ve been helping our members turn their practical dreams into reality for over 43 years. And while we can’t help with romantic advice, we can offer something arguably more useful: a £3,000 loan that costs less than Tesco Bank’s equivalent. Which means more money left over for those finishing touches on your kitchen renovation (you old romantic, you).
Our members have taught us that priorities evolve. For some, it’s finally getting that engagement ring. For others, it’s creating their first home together. And yes, for many, it’s investing in practical improvements that make everyday life a bit better. Who are we to judge what counts as a Valentine’s gesture?
After all, some might say true romance is about building a future together. And sometimes that future needs a new kitchen.
Why Choose Us Over Tesco Bank?
We might not have a Clubcard, but we do have:
- Lower rates on £3,000 loans (now that’s a deal worth points)
- Salary deduction option – no need to remember payment dates
- A local team who actually know your name, not just your account number
- No early repayment penalties if you want to settle early
- A member-first approach (because we’re here for you, not shareholders)
Want to see how much you could save compared to a Tesco Bank loan? Visit our loans page to compare our rates and make your plans reality.
