Hints & Tips

Tesco Personal Loan - Are you eligible?

To apply you need to meet these requirements. Please tick the boxes to confirm you:

  • Are aged 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

If you're not able to meet the above criteria you won't be eligible for a Tesco Loan.

Please ensure you read the summary box details before you continue.

Based on your answers you may be accepted for a Tesco Loan.

What's next? - Before you apply please read the summary box details, important information. Please also ensure you know what you'll need during the application process, then select 'continue'.

Please note: If you have been declined for a Tesco Personal Loan within the last 3 months we will not be able to accept your application.

Important: Please read before you apply

Please ensure you read the following before you continue.

  • The maximum term for loans under £15,000 is 5 years (except for home improvements)
  • If your loan is for refinance or mixed purposes you must be aged 22 or older
  • Loans used for refinance purposes can be taken for up to 5 years except for homeowners who can borrow over 7 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 homeowners

During the application process you'll need:

  • Your bank details
  • Details of your regular monthly income after tax
  • Your credit and store card limits, current balances and time held
  • Details of your other monthly outgoing expenses
  • Your address details for the past three years
  • Your current employer's address details (if applicable)

Additional Information

IMPORTANT: please ensure that you enter your bank account details correctly - if you supply us with incorrect account details it may lead to delays in assessing your application and issues regarding the transfer of funds to your account.

Such as council tax, car insurance, other loans and Hire Purchase agreements.

Including halls of residence, lodgings and any other temporary residence.

Dealing with debt

To get some tips on how to deal with debt, please click on the link below.

  • about how to deal with debt

Braille, large print and audio

If you would like Braille, large print or audio format information about Tesco Loans, please contact us.