Loans
Why put off until tomorrow what you can do today?
What do you wish for? Home improvements, a better car, a special holiday or simply to get on top of your finances by consolidating debt into one manageable monthly payment?
Find out how Tesco loans could help you get a loan to suit your budget and make your wish come true! To get your personalised quote, speak to our friendly UK loans team on:
0845 601 5484 or click below to apply online
Loans available to UK residents and over 18s only.
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:
- Borrow from £3,000 up to £25,000.
- Transfer balances from other cards and loans too.
- Get added peace of mind with the option of our payment protection insurance . Our payment protection policy is one of the cheapest in the market, so you can relax knowing that your loan is both good value and protected.
- Take a two month repayment break at the start of your loan.
By taking a payment break you will make no payments for 3 full months from the date that funds are issued. If you choose the payment holiday option, your loan term will be extended by two months and the interest is chargeable throughout the whole loan.
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.
Rate details
| Loan Band | Typical APR |
|---|---|
| £3,000-£4,999 | 15.9% |
| £5,000-£7,499 | 8.9% |
| £7,500-£14,999 | 7.8% |
| £15,000-£19,999 | 7.8% |
| £20,000-£25,000 | 7.9% |
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.
Rates correct as at 4th August 2008.
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 £3,000 to £25,000 | |||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| APR | Typical 7.8% 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 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 | Any amount from £3,000 to £25,000 | ||||||||||||||||||||||||
| 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 | None | ||||||||||||||||||||||||
| 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 | 7.8% | 36mths | £233.52 | £8,407 |
| £10,000 | 7.8% | 60mths | £200.25 | £12,015 |
| £15,000 | 7.8% | 60mths | £300.37 | £18,022 |
