Personal loans with great rates

£1,000 - £2,999

An exclusive online loan to give your purchase power a boost

If you need a loan between £1,000 - £2,999 and you're happy applying online, then this fixed rate small personal loan with a competitive rate might be just what you were looking for.

  • Borrow over a 1-3 year loan term
  • Choose your monthly payment date and pay a fixed amount each month
  • Eligible customers can apply for a two month payment break Terms apply

Representative APR

  • 18.4% APR Representative
  • Loans are available to UK residents and over 18s only. Rates will vary depending on loan amount and individual circumstances. Subject to status.

£3,000 - £4,999

Small loans can help you make plans happen sooner

When you need to patch a small hole in your finances in order to get on with life, a loan could be the best solution. We offer personal loans at a competitive rate between £3,000 - £4,999 that you can use any way you want, and you'll get these benefits:

  • An instant decision when you apply online
  • Fixed monthly payments on your chosen date
  • Eligible customers can apply for a two month payment break Terms apply

Representative APR

  • 12.3% APR Representative
  • Loans are available to UK residents and over 18s only. Rates will vary depending on loan amount and individual circumstances. Subject to status.

£5,000 - £7,499

A loan to meet your individual needs

There could be many reasons why you need access to some extra cash – from unexpected car or home repairs to paying for your wedding or a special holiday. But whatever you need it for, when you borrow between £5,000 - £7,499 at our competitive rate, you'll enjoy the benefits of:

  • An instant decision when you apply online
  • Fixed monthly payments on your chosen date
  • Eligible customers can apply for a two month payment break Terms apply

Representative APR

  • 5.7% APR Representative
  • Loans are available to UK residents and over 18s only. Rates will vary depending on loan amount and individual circumstances. Subject to status.

£7,500 - £15,000

Make your 'one day' happen today

Get the spending power you may need with a great low rate of 4.1% APR representative on loans from £7,500 - £15,000. And you can plan your finances with confidence, knowing the monthly repayments are always the same. With a personal loan from Tesco Bank you get:

  • An instant decision when you apply online
  • Fixed monthly payments on your chosen date
  • Eligible customers can apply for a two month payment break Terms apply

Representative APR

  • 4.1% APR Representative
  • Loans are available to UK residents and over 18s only. Rates will vary depending on loan amount and individual circumstances. Subject to status.

£15,001 - £25,000

Big purchases don't have to break the bank

Planning to spend a large sum on home improvements? Trying to re-finance the car? Your wedding coming up this year? If your savings won't cover it, a personal loan could help. Our loans between £15,001 - £25,000 come at a competitive rate, plus:

  • An instant decision when you apply online
  • Fixed monthly payments on your chosen date
  • Eligible customers can apply for a two month payment break Terms apply

Representative APR

  • 6.1% APR Representative
  • Loans are available to UK residents and over 18s only. Rates will vary depending on loan amount and individual circumstances. Subject to status.

Already have a Tesco Bank loan?

If you're thinking about borrowing more, we're here to help

You've finally finished the home improvements and now your car needs to be repaired? If you’re an existing loans customer, you can apply to borrow more. You can apply if:

  • You're up to date with your loan payments
  • You have made at least eight consecutive monthly payments

Representative APR

  • 4.1% APR representativeGreat low rate for loans between £7,500 - £15,000
  • Loans are available to UK residents and over 18s only. Rates will vary depending on loan amount and individual circumstances. Subject to status.
Loans repayment calculator

How much could it cost?

Loans repayment calculator

See how much it might cost to get a loan with us, without going through the full application process.

Please remember that the actual interest rate we offer may be higher depending on your individual circumstances.

How our loans work

About our loans

A loan gives you the money you need upfront and lets you spread the cost of paying it back. So whether it’s a special holiday, a car or a new kitchen, a personal loan can make it more affordable.

We offer unsecured personal loans

This means that if we decide to lend you money, it won't be secured on your home, car or other assets. You can then spend this money on the things you need.

Available repayment periods

You can apply for a loan term from 12 to 120 months depending on the loan amount and purpose. Just remember that the maximum repayment period might be lower for certain loan purposes.

Borrow exactly what you need

We offer loans to cover costs big and small and you can be specific about the amount you need, down to the pound.

How interest is charged

The interest rate is fixed for the life of the loan. Interest is calculated on a daily basis.

Get your loan faster

How soon can I get my loan?

If you've been approved, you'll receive some important documents within five days, which you'll need to check, sign and return to us.

You can choose to use our next day delivery courier service to get your loan documents sooner (for details see below).

Once we're happy with the information you've sent, we'll fully approve your loan and pay the money into your bank account.

Next day courier service for documents

When you need your loan set up as quickly as possible, you have the option of paying £50 for a courier service to get your documents faster.

  • Next day delivery is available for bookings made before 4.00pm Monday to Thursday.
  • Delivery is available between 9.00am and 10.00pm Monday to Friday with a reduced service on Saturdays.
  • Saturday service may not be available for Northern Ireland or the Highlands and Islands.
  • The £50 charge is added to your first monthly payment. This is not added to your loan amount and you don’t pay interest on it.

Payment break

Take a payment break

Sometimes it can really take the pressure off if you don’t have to start repaying your loan straight away, especially if you’ve got extra expenses to cover.

So when you apply for a loan, you might be eligible to apply for a payment break before starting your monthly loan repayments.

  • This break is only available at the start of your loan.
  • If your application for this option is successful, then the first payment would be taken the third month after the issue of the loan.
  • Interest will be charged during the payment break and your overall loan period will be extended by two months, which means that you will pay an extra two months' interest.
  • Your offer documentation will explain the terms of the payment break, so please read everything carefully.

Making repayments

Your payment is made by monthly direct debit from the account the loan is paid into. Your first payment will be made one month after issue of the loan on the date you have chosen in your application, unless you apply for an initial payment break (see under Payment break tab).

You'll always know what you have to pay

All Tesco Bank loans are fixed rate. This means your monthly Direct Debit payments will be the same every month until your loan is paid off. Nice and simple.

What happens if a payment is late?

We'll charge £12 each time a loan payment is late and £12 when a default notice is issued.

Can I pay my loan back early?

Yes. But you will be charged up to two months' interest if you choose to settle your loan early.

Tesco Bank benefits

  • Repay your loan over 1 to 10 years
  • Two-month payment break option for eligible customersTerms apply
  • Our mobile banking app lets you keep an eye on your loan balance

Sounds right for you?

How a personal loan can help

Loans make plans come to life

When you’ve got big plans, a personal loan can make them a reality sooner. Lots of people see a loan as a positive way of affording big purchases – home improvements, a new car or a special celebration such as a wedding. You’re in control because you choose how much you borrow and you know how much you have to pay back each month.

Be smarter with your debts

When you have a couple of credit cards that are reaching the end of their offer period, or if you have a few too many of them, you could consolidate your debt into a single loan.

Just be aware that by using a loan to consolidate your debts, it could take longer to pay back, and this might cost you more in the long run.

Already a Tesco Bank loans customer?

Helpful numbers

Customer services 0845 600 6016

Customer services textphone 0845 671 0675

Our customer service lines are open Monday to Friday 8am-8pm, Saturday and Sunday 9am-5pm.

Call charges will vary and calls may be recorded.

Thinking about borrowing more?

You've finally finished the home improvements and now the car needs to be repaired?

If you've already made eight consecutive monthly payments on your existing Tesco Bank loan, you could apply to borrow more.

Other customers have been asking:

  1. How long will it take to get my loan?
  2. Can I repay my loan early?
  3. What if I want to borrow more?

Important information

Tesco bank loans

Credit checks during application

We'll carry out a credit reference search when you apply for a loan and a credit score will be calculated based on the information you enter and your credit reference information. This will help us make a decision on whether or not we're able to lend to you. We'll then let you know the decision and what the status of your application is.

We subscribe to the Lending Code

We recommend you read A guide to the Lending Code for Customers before you take out a personal loan with Tesco Bank. Full details of the code are available from the Lending Code Standards Board website.

Who provides these loans

Our loans are provided by Tesco Bank, Interpoint Building, 22 Haymarket Yards, Edinburgh, EH12 5BH.