Tesco - Additional borrowing / payment holiday titusbungle

I currently have a loan with Tesco that has about £5k outstanding and I'm looking at increasing this to £15k. My question is would additional borrowing be classed as a new loan and if so can I then get the 2 month payment break?

I can get a loan with Sainsburys with the payment break and pay off Tesco but I'm thinking that seeing as I'm already with Tesco it may be easier to stay with them?

This would be classed as a new loan. You'd need to ask them whether you would still be eligible to a payment holiday if they agree to a new loan consolidating your existing one.

It would be worth contacting them and if they will accept you for an increase you can compare the rate they have offered to what Sainsburys have offered to you.

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