Tesco Bank Personal Loan
OUR RATING
Loan Amount
Total Payable
Monthly Repayment
Representative APR
Representative example will update based on your input.
Our Verdict
Tesco offers unsecured personal loans with competitive interest rates, even on lower loan amounts over shorter terms where APRs are typically higher. Clubcard members may benefit from even lower rates on loans between £7,500 and £25,000 over 1 to 5 years. Loan terms are available up to 10 years, making these loans suitable for larger borrowing needs such as home improvements. If applying online, funds are typically sent the same day via Faster Payments once the loan agreement is signed.
Important: The information contained in this table summarises key product features and is not intended to replace any terms and conditions from the card issuer.
| Issuer | Tesco Bank |
|---|---|
| Loan Type | Unsecured Personal Loan |
| Rate Type | Fixed |
| Interest Calculation Method | Daily |
| Minimum Loan Amount | £3,000.00 |
| Maximum Loan Amount | £35,000.00 |
| Minimum Loan Term (months) | 12 |
| Maximum Loan Term (months) | 120 |
| Customer Type | New or Existing Customers |
| Relationship | New or Existing Customers |
| Acceptance Criteria | UK Resident; you will be asked some questions about your circumstances to check if you can be offered a loan. |
| Minimum Age | 18 |
| Maximum Age | 74 |
| Debt Consolidation Limit | £35,000.00 |
Important: When consolidating your existing borrowing, you may extend the term of your debt and increase the total amount you repay.
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Representative 18.6% APR
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Mintify Limited, trading as Mintify, is an Appointed Representative of Creditec Limited who is acting as a credit broker, not a lender.
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