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Feel the benefits of a Tesco Loan

A Tesco Loan could help you make that important purchase, whether it's a new car, a wedding or some home improvements. You could also use a Tesco Loan to reorganise your finances into one fixed monthly payment.

A few features of a Tesco Loan:

  • Great low rate of 6.1%APR representative on loans from £7,500 to £14,999.
  • Fixed rate for the duration of your loan with no set up charges.
  • Fixed monthly payments on a date that you choose.
  • Option to take a payment break at the start of your loan. Subject to eligibility.

See the Summary Box and Important Info for further details.

Great low rate of 6.1%APR representative on loans from £7,500 to £14,999
  • Apply now for a Tesco Loan
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Using a Tesco Loan

Use a Tesco Loan to:

  • Assist with paying for home improvements
  • Help pay to replace your car
  • Consolidate your debts into one manageable monthly payment

Am I eligible for a Tesco Loan?

To apply for a Tesco Loan you must...

  • Be between 18 and 74, earning over £10,000 a year
  • Have a bank or building society account
  • Have a good credit history
  • Have a permanent UK address
  • The maximum term for loans under £15,000 is 5 years (except for home improvements)
  • Loans used for refinance purposes can be taken for up to five years except for homeowners who can borrow over seven years
  • Loans used for refinance purposes of over £15,000 are only available to homeowners
  • Loans used for home improvement purposes are only available to homeowners¹
  • If you're an existing customer and would like to borrow more, please call 0845 600 6016

¹Tesco do not offer secured loans

Payment break option

Subject to eligibility.

If you are eligible you will be offered the option to take a payment break at the start of your loan:

  • No repayments need be made for up to three full months from the date you receive your money
  • The term will be extended by two months with interest chargeable across the whole loan
  • Interest will continue to accrue during the payment break and...
  • ...is subject to lending criteria which may not be available to all customers

See the Summary Box for important information about Tesco Loans.

Payment Protection Insurance

We no longer offer Payment Protection Insurance with our personal loans. If you wish to explore Payment Protection Insurance options then please visit Money Advice Service for independent information from the FSA.

Tesco Bank is not responsible for the content of external internet sites.

  • Apply now for a Tesco Loan
We also offer loans from £3,000 to £7,499 and £15,000 to £25,000 - Check out our Online Calculator to see what your monthly repayments could be or call: 0845 600 6016

Existing Tesco Loans customers

You could increase your existing loan after making eight consecutive payments.

Affordable rates for existing customers.

  • Find out more about Tesco Loans for existing customers

Find your perfect car

If you're looking to buy a new car or update your old one – Tesco Cars could have the perfect car for you!

  • Find out more about Tesco Cars