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Existing Tesco Loan customers summary

The information contained in this table summarises key product features of your Tesco Loan and is not intended to replace any terms and conditions.

Summary Box


Key Information for our personal loans from £7,500 to £14,999
APR Representative 6.0%APR

If successful, the interest rate you'll pay is based on your personal circumstances, the time period over which the loan is repaid and the amount you choose to borrow.
Interest rate ranges
Loan size rangeFromToRepresentative APR
£7,500 - £14,999 6.0% 15.1% 6.0%
Interest charging information Fixed rate for life of loan.

Interest is calculated on a daily basis.
Repayment information 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.

There are no mid term payment breaks.

You can defer your payment by two months, subject to availability, at the beginning of your loan. If this option is taken the first payment would be taken the 3rd month after the issue of the loan. Interest continues to accrue during the break period.
Repayment Period Any term from 12 months to 120 months.
Amount of Loan available £7,500 to £14,999.

Other loan amounts are available on request.
Application / Arrangement fee No set up fees apply.
Other Fees A 'Fast Delivery' fee of £50 will be charged for next day delivery if selected.

One-off 'Fast Delivery' fee of £50 is made in addition to the first month's payment. This is not added to your loan amount and interest is not charged.
Default Fees £12 each time a loan payment is not made on time.

£12 when a default notice is issued.
Early Settlement You'll be charged up to two months interest if you choose to settle your Tesco Loan early.
Illustrative Example
Loan AmountRepresentative APRTermMonthly RepaymentTotal Payable
£7,500 6.0% 36mths £227.62 £8,194.32
£10,000 6.0% 60mths £192.59 £11,555.40
£14,999 6.0% 60mths £288.86 £17,331.60

Other loan amounts are available and other rates apply depending on the amount you choose to borrow and your individual circumstances. To tailor your quote to the exact amount and loan term please call us on 0845 600 6016.

Payment Protection Insurance (PPI)

Taken out Payment Protection Insurance with us before 17 March 2009? Have any questions about your policy or need to make a claim? Please call 0845 309 8765. If you wish to explore Payment Protection Insurance options for your new Tesco Loan, please visit Money Advice Service for independent FSA information.

Dealing with debt

To get some tips on how to deal with debt, please click on the link below.

  • about how to deal with debt