Tesco Loans are available to UK residents and over 18s only. Subject to status. Rates depend on circumstances and loan amount.
Tesco Bank is part of Tesco PLC.
Tesco Bank. Registered in Scotland No. 173199 at office: Interpoint Building, 22 Haymarket Yards, Edinburgh EH12 5BH.
A great low rate of 6.1%APR representative on loans from £7,500 to £14,999.
The information contained in this table summarises loan features, and is not intended to replace any terms and conditions.
Summary BoxKey information for our personal loans from £7,500 to £14,999 |
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| APR | 6.1%APR Representative 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. |
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| Interest rate ranges |
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| Interest charging information | Fixed rate for life of loan. Interest is calculated on a daily basis. |
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| 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. |
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| 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. |
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| 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. |
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| Default Fees | £12 each time a loan payment is not made on time. £12 when a default notice is issued. |
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| Early Settlement | You will be charged up to two months interest if you choose to settle your Tesco Personal Loan early. | ||||||||
| Illustrative Example | ||||
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| Loan Amount | Representative APR | Term | Monthly Repayment | Total Payable |
| £7,500 | 6.1% | 36mths | £227.94 | £8,205.84 |
| £10,000 | 6.1% | 60mths | £193.02 | £11,581.20 |
| £14,999 | 6.1% | 60mths | £289.52 | £17,371.20 |
Other loan amounts are available and other rates apply dependent 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 or use our repayment calculator.
The actual rate we offer may be higher depending on our assessment of your personal circumstances and financial behaviour. Early settlement fees may apply.
If you already have a loan with us, please see the existing Tesco Loans customer summary box.
Tesco Bank subscribes to the Lending Code. We recommend you read A guide to the Lending Code for Customers. Full details of the code are available from the Lending Code Standards Board website.
To get some tips on how to deal with debt, please click on the link below.
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