Rating based on 31 reviews

Tesco Bank


  • Personal loans up to £35,000
  • Low-interest starting from 2.9%
  • Repayment up to 10 years

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Tesco Bank homepage

Author Tesco Bank. Screenshot of Tesco Bank website. [Accessed September 4, 2019]

About Tesco Bank

We’re all about innovation, community involvement, and quick financial solutions.

We’re a financial services provider, providing services that are simple to understand, easy to access, and of course supplying you with the best services possible.

Tesco cares about you

Need to get rid of the old tin car you’ve been driving for the last 15 years a car loan from us will see you through. Whatever phase in life you’re in, and whatever your financial needs are, we can assist. With the vast selection of services we offer we can help you to open the doors of your life that have been shut due to financial strain.

Why choose Tesco for your personal loan?

Well, we can boast about how excellent we are all day, but we choose not to. Tesco Bank does not waste time; time is valuable, time is money, and time is irreversible. Time is such a big factor in our daily lives, and that’s why we can relate to the customer who wants quick service! Financial burdens are hard to handle as it is, why complicate things more by having lengthy application processes, and prolonged waiting periods?

Tesco Bank Services

Tesco is an innovative services provider, that’s why we’re constantly looking for ways to speed up the processes of loan applications.

You can now also do an online application; this is such an easy procedure. When applying we’ll be asking you a few simple questions- this will only take a few minutes.

The loan calculator

You can now use our online calculator- this is an easy-to-use function that gives you the ability to get a better idea of what you can borrow, what your instalment will be, and ultimately the interest that you’ll have to pay back. This way you can manage your own finances, the personal loan you can qualify for will depend on your personal financial circumstances (the calculator is a great guideline)

Online loan application

Once the application has been completed you can expect immediate results! No more waiting. That’s how easy it is. We would also like to add that Tesco is now making a conscious effort to innovate, with our rapid online application you can get the cash paid into your account as quickly as the following day thanks to our new digital signature feature.

Tesco Bank Product Details

  • Loan Type Personal loans
  • Interest Rate 2.9 – 24% p/a
  • Loan Amount up to £35,000
  • Repayment 1 year to 10 years

Summary of Services

  • Speedy decision
  • Longer payment periods
  • Payment breaks are acceptable

Simple, versatile services at the click of a button

We hope to make life a little bit less complicated for our customers.

We know that things can happen unexpectedly and that financial burdens can become very heavy to carry alone. You don’t have to carry the burden alone anymore! Tesco wants to help you.

Affordable interest rates!

Affordability is a very important factor when taking out a loan, that’s why we made sure to keep our rates competitive so that we can supply our customers with peace of mind.

We have an exceptionally low APR interest rate of 3.0% on loans from £7500.00- £25 000.00 that can be paid back over a time period of 1-5 years! This gives you enough time to plan for your financial future without getting stuck in a sticky situation. You can also take a two-month break at the start of the loan. You can also choose what day you would like to set as your fixed payment day each month, Tesco gives you the freedom to choose because we want you to be in control of your own financial life.

What other services does Tesco offer?

We are a very versatile services provider. Because we know how complex the financial world can be we’ve decided to not focus on only one aspect, but rather have a wide spectrum of services catering for the needs of different individuals, with different needs by supplying different services.

Quality banking options

Other than our range of loan options we also offer banking options to assist you with everyday banking. Tesco can also help you save! We have savings options with fixed rates and tax-free savings. Whether you’re saving for something big, or something small we can make it worth your while. Here at Tesco we know how impromptu things can surface, these incidents might not be something we can control, but we can make sure that you have a backup plan by making our variety of insurance options available for you.

Customer Reviews & Testimonials

November 2018

The application process was very easy; nothing tedious or time consuming.

Mariah C
— London —

February 2019

The terms and services and fair and the loans are flexible.

Jared L
— Bristol —

Tesco Bank Contact Details

Contact Number


  • not available


Physical Address

  • Maldon Building, 5 Falcon Way Welwyn Garden City England AL7 1GA, UK United Kingdom
  • Get Directions

Postal Address

  • PO Box 27014, Broadway One, Glasgow, G2 9FE, Glasgow United Kingdom

Opening Hours

  • Monday 08:00 – 20:00
  • Tuesday 08:00 – 20:00
  • Wednesday 08:00 – 20:00
  • Thursday 08:00 – 20:00
  • Friday 08:00 – 20:00
  • Saturday 09:00 – 17:00
  • Sunday 09:00 – 17:00