Rating based on 16 reviews

Tesco Bank


  • Fast loans up to £25,000
  • Low-interest starting from 13.5%
  • Repayment up to 7 years

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Author Tesco Bank. Screenshot of Tesco Bank website. [Accessed May 17, 2020]

About Tesco Bank

Taking out a personal loan can be a daunting process especially with all the hurdles and hoops that some lenders make their customers jump through. We do not believe in over-complicating the loan process.

At Tesco Bank, we aim to make the lending process as hassle-free and efficient as possible. Life is complicated enough; your finances shouldn’t have to be.

Fast, simple, and convenient

In the past getting a loan was a massive schlep; after having to visit the bank, wait in tedious queues, and complete piles of paperwork you still stood the chance of your application being rejected. We believe in making the entire lending process faster and easier in order to save you time and effort. Complete our online loan application and receive a response within a few minutes. The best part is that you are able to use your Smartphone, tablet or laptop to complete the application. For faster answers and more convenience, lend from a bank that wants to make the entire process as easy for you as possible.  Lend the easy way with Tesco.

A bank that treats you like an individual

We take the time to learn exactly what it is that our customers need and want which is why we are proud to say that our six million customers are proof of the satisfactory services that we provide. Not only are our call centers friendly and supportive but our products will help you to be smarter with your money. Our products are also tailored for each individual customer in order to best suit their financial situation and preferences. In addition to our online quick loan applications, we also award our customers with points in order to thank them for choosing us because we will continue to choose you over and over. Make the right choice and bank your way, the right way.

Tesco Bank Services

One of the worst parts about modern lending is having very little control over how your deal is organised.

We are different in this regard – we want our customer to be involved in every step of the way in order to receive the best possible deal. Whether you need help with insurance or a loan, we are here to provide you with the support that you need.

Personally, we would choose the personal loans

Personal short-term loans are a highly attractive loan option for many borrows solely based on the fact that they can be used to finance anything that your heart desires. Whether you need some extra cash to finance your dream wedding or you want to wrap your finances together, a personal loan can help you to where you want to go.

We offer personal loans from the value of £7,500 to £25,000 repayable over a period of one to ten years at a fair and competitive interest rate to suit your personal circumstances. Because we want to make the lending process as convenient for you as possible, we ensure that the repayments will be fixed to help you to budget and manage your money with greater ease.

Who can qualify for a Tesco loan?

Your circumstances will greatly impact the amount of money that you are able to borrow and the term over which you are able to borrow it. In order to qualify for one of our fast loans, you will have to be a UK citizen over the age of eighteen. You are also required to have an active bank account with direct debit enabled for repayments. The loans that we offer are unsecured loans which means that you are not required to offer any form of collateral when borrowing from us. Simply complete the online application and see if you qualify for one of your loans.

Tesco Bank Product Details

  • Loan Type Fast loans
  • Interest Rate from 13.5%
  • Loan Amount up to £25,000
  • Repayment 1 year to 7 years

Benefits of Tesco Bank

  • You can apply for a repayment holiday
  • You can settle your loan early
  • Receive an online decision on your loan

At Tesco, we are the lender that cares

So many financial institutions view their customers as no different from the next which is where we are different. We treat our customers as individuals and do everything in our power to make the process as convenient as possible.

From our application process to sympathetic aftercare service, we do it all to make things as easy for you as possible.

Applying has never been easier than now

In order to maximize both time and convenience, we have made our application available online which means that you can apply from the convenience of any supportive device. The online loan application will only take a few minutes and you can have a response within the hour. Depending on the time of your application the funds can be transferred into your account within the same day.

Seeing red flags this month?

As a lender, we are no stranger to difficult times and hardship which is why we offer the lift some of the pressure by organizing a payment break. This means that you will not be obligated to repay the loan straight away and can focus on repaying other expenses first. This break can only be taken at the start of your fast loan and will allow you to two months payment free. You will accumulate interest on the total amount prior to this but will only have to start repaying the balance after three months. We understand hardship which is why we are here to help you get through the tough times.

Customer Reviews & Testimonials

Tesco Bank has been a huge help. They tailored a short term loan that meets my needs and helped me get back on track.

Frankie S
— Manchester —

Getting my loan from TB has been very simple and convenient. It didn't take a lot of time or paperwork, I could do it from my phone.

Jayden E
— Leeds —

I was able to get a loan from Tesco Bank in just a few minutes. They offered me a very low rate and term of my choosing.

Gabriel A
— Nottingham —

Tesco Bank Contact Details

Physical Address

Opening Hours

  • Monday Open – 24 hours
  • Tuesday Open – 24 hours
  • Wednesday Open – 24 hours
  • Thursday Open – 24 hours
  • Friday Open – 24 hours
  • Saturday Open – 24 hours
  • Sunday Open – 24 hours