Loans
Apply now for your personal loan
Want a loan to make some home improvements? Replace your old car? Or simply consolidate all your debts into one manageable monthly payment? We could help.
You'll be pleased to know that we've got one of the lowest rates around, monthly repayments are fixed and there are no hidden charges.
See the Summary Box for important information about Tesco loans.
Loans available to UK residents and over 18s only.
What are the key benefits of a Tesco Loan?
- A great rate of 8.0% APR Typical on loans £7,500 to £14,999.
- Rates are fixed so your monthly repayments will never change
- You choose the repayment date that suits you best
- There are no hidden fees
To give you an idea of what repayments could be:
| Loan amount: | £7,500 |
|---|---|
| Monthly payment: | £182.06 |
| Over: | 48 months |
| Total Amount Repayable: | £8,738.88 |
| APR Typical: | 8.0% |
Other loan amounts are available and other rates apply. To tailor your quote to the exact amount and loan term you want please use our repayment calculator.
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 may apply.
Give Yourself Some Space With A Payment Holiday
Take a 2 month Payment Holiday and you will make no repayments for up to 3 full months from the date you receive your money.
Just the flexibility and reassurance you need in the first few months of your loan.
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. Interest will continue to accrue during the Payment Holiday. A Payment Holiday is subject to lending criteria and may not be available to all customers.
See the Summary Box for important information about Tesco loans.
Compare Our Loan Rate With Other Lenders
| Provider name | APR Typical | 48 monthly payments of | Total amount to be repaid | Savings over 48 months |
|---|---|---|---|---|
| Tesco Loans | 8.0% | £182.06 | £8,738.88 | - |
| The Co-operative Bank | 8.9% | £185.06 | £8,882.88 | £144.00 |
| Yorkshire Bank | 8.9% | £185.22 | £8,890.56 | £151.68 |
| Marks & Spencer | 9.9% | £188.34 | £9,040.32 | £301.44 |
Based on a £7,500 loan over 4 years without loan Payment Protection Insurance. Competitor rates: Details correct as at 30/10/09. Source: Defaqto Limited.
8.0% APR Typical
Above example is for illustrative purposes only. Rates depend on circumstances and loan amount.
Payment Protection Insurance
We no longer offer Payment Protection Insurance with our 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.
