Loans
Looking for a top-up? Here's one that could be ideal.
After you've made 8 monthly payments on your Tesco Loan you are eligible to apply for a top up.
Top up your existing loan with us right now and you could get a special reduced rate as a thank you for being a loyal customer.
So, if you're still wishing for those home improvements, that better car or simply to get on top of your finances by consolidating debt into one manageable monthly payment give us a call and find out how Tesco loans could help you. To get your personalised quote, speak to our friendly UK loans team on:
0845 601 5484
Loans available to UK residents and over 18s only.
What are the key benefits of a Tesco Loan?
If you are accepted, and have chosen to pay off your existing loan, you'll continue to make just one simple monthly payment.
You could:
- Have a preferential rate of 7.9% APR Typical for loans £7,500 to £14,999
- Transfer balances from other cards and loans too.
To give you an idea of what repayments could be:
| Loan amount: | £7,500 |
|---|---|
| Monthly payment: | £130.04 |
| Over: | 72 months |
| Total Amount Repayable: | £9,362.88 |
| APR Typical: | 7.9% |
Other loan amounts are available and other rates apply. To tailor your quote to the exact amount and loan term you want please call 0845 601 5484.
Rates depend on circumstances and loan amount. The actual rate we offer may be higher depending on our assessment of your personal circumstances and financial behaviour.
Take out a new loan today and receive 1000 Clubcard points.
Call 0845 601 5484 quoting T71, lines are open Monday to Friday 8am to 8pm, Saturday and Sunday 9am to 5pm.
If you have any other queries on your existing agreement, just get in touch and we can help you. Call us on 0845 601 30 19 quoting your loan agreement number.
Rates depend on circumstances and loan amount.
Early settlement fees may apply. You will be charged up to two months interest if you choose to settle your Tesco Loan early.
Payment Protection Insurance
If you have taken out Payment Protection Insurance with us prior to the 17th March 2009 you can view the full policy details here.
If you wish to top up your loan, Payment Protection Insurance will not be available. If you currently have Payment Protection Insurance with your existing loan and you are looking to top up your loan, please call 0845 601 5484 for further information.
If you wish to explore Payment Protection Insurance options for your new loan then please visit Money made clear for independent information from the FSA.
Tesco Personal Finance is not responsible for the content of external internet sites.
Summary box
All the features of an existing customer Tesco Loan at a glance.
The information contained in this table summarises key product features of your existing customer Tesco loan and is not intended to replace any terms and conditions.
| Key Information for our personal loans from £7,500 to £14,999 | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| APR | Typical 7.9% APR If successful, the interest rate you will pay is based on your personal circumstances, the time period over which the loan is repaid and the amount you choose to borrow. |
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| Interest rate ranges |
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| Interest charging information | Fixed rate for life of loan Interest is calculated on a daily basis |
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| Repayment information | Payment is made by monthly direct debit from the account the loan is paid into. Your first payment will be made 1 Month after issue of the loan. There are no mid term payment holidays. You can defer your payment by two month, subject to availability, at the beginning of your loan. If this option is taken the first payment would be taken the 3rd month after the issue of the loan. Interest continues to accrue during the holiday period |
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| Repayment Period | Any term from 12 months to 120 months | ||||||||
| Amount of Loan available | £7,500 to £14,999. Other loan amounts are available on request. |
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| Application / Arrangement fee | No set up fees apply | ||||||||
| Other Fees | A 'Fast Delivery' fee of £50 will be charged for next day delivery if selected | ||||||||
| Default Fees | £30 each time a loan payment is not made on time. £30 when a default notice is issued. |
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| Early Settlement | You will be charged up to two months interest if you choose to settle your Tesco Loan early. | ||||||||
| Illustrative Example | ||||
|---|---|---|---|---|
| Loan Amount | Representative APR | Term | Monthly Repayment | Total Payable |
| £7,500 | 7.9% | 36mths | £233.83 | £8,417.88 |
| £10,000 | 7.8% | 60mths | £200.66 | £12,039.60 |
| £14,999 | 7.8% | 60mths | £300.97 | £18,058.20 |
Other loan amounts are available and other rates apply dependent on the amount you choose to borrow and your individual circumstances. To tailor your quote to the exact amount and loan term please call us on 0845 601 5484.
