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Apply for a Tesco Loan

Want a loan to help make some home improvements or replace your old car? A Tesco Loan could help you with that important purchase.

A great 7.7% APR Typical rate, on loans from £7,500 to £14,999.

Limited Time Offer - apply by 10th November 2010.

Fixed monthly payments and no set-up charges

See the Summary Box and Important Info for further details.

Loans available to UK residents and over 18's only. Subject to status. Rates depend on circumstances and loan amount.

7.7% APR Typical for loans £7,500 to £14,999
  • Apply now for a Tesco Loan

Tesco Loan - key benefits

  • Fixed rates mean your monthly repayments will never change
  • Choose the date when you want to make your repayment
  • No set-up charges
  • Option to apply for a payment break at the start of your loan

Am I eligible for a Tesco Personal Loan?

To apply for a Tesco Loan you must...

  • Be between 18 and 74, earning over £10,000 a year
  • Have a bank or building society account
  • Have a good credit history
  • Have a permanent UK address
  • The maximum term for loans under £15,000 is 5 years (except for home improvements)
  • Loans used for refinance purposes can be taken for up to five years except for homeowners who can borrow over seven years
  • Loans used for refinance purposes of over £15,000 are only available to homeowners
  • Loans used for home improvement purposes are only available to homeowners¹
  • If you're an existing customer and would like to borrow more, please call 0845 601 5484

¹Tesco do not offer secured loans

How do we compare with other lenders?

Provider name APR Typical 48 monthly payments of Total amount to be repaid Savings over 48 months
Tesco Loans 7.7% £181.12* £8,693.76 -
HSBC 8.5% £183.78** £8,821.44 £127.68
Halifax 9.9% £191.51** £9,192.32 £498.56
Natwest 12.9% £198.17** £9,512.16 £818.40

* Limited Time Offer - apply by 10th November 2010. ** For existing customers only.

Based on a £7,500 loan over four years. Competitor rates: Details correct as at 02/09/10. Source: 02/09/10 Aequos Online product database. Defaqto Limited. www.defaqto.com. 7.7% APR Typical. Limited Time Offer. Rate available until 10/11/10.

The above example is for illustrative purposes only. Rates depend on circumstances and loan amount. Available to UK residents and over 18's only, subject to status.

Use a Tesco Loan to:

  • Assist with paying for home improvements
  • Help pay to replace your car
  • Consolidate your debts into one manageable monthly payment

Option to apply for a payment break

Benefit from breathing space with our optional payment break.

  • No repayments need be made for up to three full months from the date you receive your money
  • The term will be extended by two months with interest chargeable across the whole loan
  • Interest will be clocked up during the payment break and...
  • ...is subject to lending criteria which may not be available to all customers

See the Summary Box for important information about Tesco Loans.

Repayment example with a payment break

Loan amount £7,500
Monthly payment £183.52
Term of loan 48 months
Total amount to
be repayable		 £8,808.96
APR Typical 7.7%

Payment Protection Insurance

We no longer offer Payment Protection Insurance with our personal loans. If you wish to explore Payment Protection Insurance options then please visit Money made clear for independent information from the FSA.

Tesco Bank is not responsible for the content of external internet sites.

  • Apply now for a Tesco Loan

Repayment example

Loan amount £7,500
Monthly payment £181.12
Term of loan 48 months
Total amount to
be repayable		 £8,693.76
APR Typical 7.7%

Limited Time Offer - apply by 10th November 2010.

Rates depend on circumstances and loan amount. Subject to eligibility. The actual rate we offer may be higher depending on our assessment of your personal circumstances and financial behaviour. Early settlement fees will apply.

Existing Tesco Loans customers

You could increase your existing loan after making eight consecutive payments.

Affordable rates for existing customers.

  • Find out more about Tesco Loans for existing customers

We also offer...

...loans from £3,000 to £7,499 and £15,000 to £25,000

Visit our Tesco Personal Loan calculator to find out how much a Tesco Loan could cost you each month.

To find out more call:
0845 600 67 68

Rates depend on circumstances and loan amount. Subject to eligibility. Available to over 18s only, subject to status. Tesco Loans are provided by Tesco Personal Finance plc.