Rating based on 29 reviews

Tesco Bank


  • Personal loans up to £35,000
  • Low-interest starting from 3%
  • Repayment up to 7 years

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Tesco Bank homepage

Author Tesco Bank. Screenshot of Tesco Bank website. [Accessed December 18, 2018]

About Tesco Bank

Tesco Bank launched as a credit card provider in 1997 and now has about 7.6 million customer accounts across a range of retail banking and insurance products.

One of our expert financial services includes personal loans that can be used for whatever purpose you need it for.

Values of our services

Our core values are ease, value, trust and we know that these are the values our customers desire in a reliable lender.

Tesco Bank is a wholly-owned subsidiary of Tesco and that gives us greater freedom to make decisions based on what we believe is best for our customers.

Clear & simple business practices

The core purpose of Tesco is a clear and simple statement of what we do and what we stand for and that is to serve Britain residents with the most competitive personal loan packages available in the industry.

Online services

We always strive to make life easier for our customers and therefore all our products and services are available online, on your mobile and over the phone.

Tesco Bank Services

If you are looking to find a personal loan with great interest rates, Tesco Bank should be your preferred lender.

Borrow between £1,000 and £35,000 and use your personal loan for a number of purposes.

Personal loans of £10,000 to £25,000

Clubcard customers enjoy the greatest interest rate with 3.0% APR representative on online loans from £10,000 - £25,000 repayment terms of seven years or less. With fixed, monthly repayment instalments, budgeting for your personal loan could not be easier.

We offer unsecured personal loans

When you apply for a personal loan with us does not require you to secure your loan against your home, car or other assets and you have the freedom to spend this money on the things you need and want.

Available repayment periods

Repayment terms from 12 to 120 months are available depending on the loan amount and purpose.

Excellent customer service

As we aim to always deliver excellent customer service, our call centres in Glasgow, Edinburgh and Newcastle are open seven days a week. Tesco Bank believes in the value of rewarding loyal customers choose who use our products and we do this by rewarding Clubcard points to customers.

Tesco Bank Product Details

  • Loan Type Personal loans
  • Interest Rate from 3%
  • Loan Amount up to £35,000
  • Repayment 1 year to 7 years

Benefits of Tesco Bank

  • Settle your loan early
  • Receive a decision in an instant when you apply online
  • You can apply for a repayment holiday

Tesco Bank will give you an instant answer on your loan application

Before applying for a Tesco Bank personal loan, you are required to meet the following minimum requirements.

  • Aged between 18 and 74
  • Permanent mployment or have regular income e.g. pension
  • UK citizen for at least three years
  • UK personal current account

Information required

We will request the following information when you apply for personal loan;

  • Banking details
  • Employment details
  • Information on all your expenses
  • Your address details for the past three years
  • Your current employer's address details (if applicable)

Why should you apply for a Tesco Bank personal loan?

  1. AN INSTANT decision when you apply online
  2. FIXED monthly payments on your preferred date
  3. ELIGIBLE customers can apply for a two month payment break
  4. SPECIAL Clubcard rates
  5. UP TO ten year loans available

Fixed interest rates

Our personal loans have fixed interest rates, which are calculated on a daily basis. When you use the loans calculator, it will give you a representative example based on the loan amount and term you want. The interest rate is also based on your personal circumstances.

Tesco Bank benefits

  • Repay your loan over one to 10 years
    With flexible repayment terms, you are sure to find a personal loan that is affordable and within your budget.
  • Two-month payment break option for eligible customers
    Contact us today to find out if you are eligible for a two-month break payment.
  • Our mobile banking app offers the utmost convenience
    We are staying ahead in the industry to ensure we deliver the highest level of convenience.

Why apply for a personal loan?

Personal loans can make your dreams a reality and put you in control because you choose how much you borrow and you know upfront how much you have to pay back each month. Whether you are looking at buying a car, paying for your dream wedding, adding value to your home or consolidating your debt; our personal loans can help you achieve all of the above.

Customer Reviews & Testimonials

Tesco has been around for years and I have made use of their loan services in the past and am happy to keep doing so.

Emerson B
— Kingston upon Hull —

The very easy online application process that allows me to manage my account entirely online. I am very happy with the loan product and the service I receive.

Lachlan C
— Canterbury —

Stellar customer service and good repayment terms, however, the money took a bit longer to reach my account than I had thought it would.

Cecelia T
— Salisbury —

Tesco Bank Contact Details

Physical Address

Postal Address

  • Tesco Bank Loan Operations, PO Box 27014, Broadway One,Glasgow , G2 9FE, UK

Opening Hours

  • Monday 08:00 – 20:00
  • Tuesday 08:00 – 20:00
  • Wednesday 08:00 – 20:00
  • Thursday 08:00 – 20:00
  • Friday 08:00 – 20:00
  • Saturday 09:00 – 17:00
  • Sunday 09:00 – 17:00