Check your loan eligibility

Find out how likely you are to be accepted for a loan without affecting your credit score.

    1

    Won't affect your credit score

    We run a soft check which won't harm your credit rating.

    2

    Only takes a few minutes

    Find out in the time it takes to make a cup of tea.

    3

    Get your percentage score

    See how likely you are to be accepted for a loan.

    Ready to get started?

    To use the eligibility checker, you'll first need to enter how much you want to borrow, how long you want to borrow it for and what you're planning to do with it in our loan calculator below. You'll also need to have a few bits of information handy:

    • Where you've lived for the past 3 years
    • How much you earn in a year and your monthly take home pay
    • How much you pay towards mortgage or rent

    2.8% APR representative on loans from £7,500 to £25,000 for terms 12-60 months.

    Loan calculator

      Error: Please let us know what you’ll use this loan for

      What will you use this loan for?

      I have more than one reason for this loan

      We mean a loan for home improvements like replacing permanent fixtures and fittings such as your kitchen or bathroom, adding double glazing, adding a conservatory, adding an extension or making structural changes.

      If you are decorating or replacing carpets please choose something else

        We will only lend for debt refinancing or debt consolidation if you are 22 or older

          Error: Sorry we only offer between £1,000 and £35,000

          Error: Please make sure the total amount you'd like to borrow is between £1,000 and £35,000

          How much do you want to borrow?

          £
          1000 35000
          Remove

          Error: Please let us know what you’ll use this loan for or remove this additional reason

          What else will you use this loan for?

          I have more than two reasons for this loan

          We mean a loan for home improvements like replacing permanent fixtures and fittings such as your kitchen or bathroom, adding double glazing, adding a conservatory, adding an extension or making structural changes.

          If you are decorating or replacing carpets please choose something else

            We will only lend for debt refinancing or debt consolidation if you are 22 or older

              Error: Please enter an amount or remove this reason

              Error: Please make sure the total amount you'd like to borrow is between £1,000 and £35,000

              How much more do you want to borrow?

              £
              0 35000
              Remove

              Error: Please let us know what you’ll use this loan for or remove this additional reason

              What else will you use this loan for?

              We mean a loan for home improvements like replacing permanent fixtures and fittings such as your kitchen or bathroom, adding double glazing, adding a conservatory, adding an extension or making structural changes.

              If you are decorating or replacing carpets please choose something else

                We will only lend for debt refinancing or debt consolidation if you are 22 or older

                  Error: Please enter an amount or remove this reason

                  Error: Please make sure the total amount you'd like to borrow is between £1,000 and £35,000

                  How much more do you want to borrow?

                  £
                  0 35000

                  Error: Sorry, we only offer loans between £1,000 and £35,000. Please update how much you'd like to borrow so the total is within these limits

                  Total amount you would like to borrow for this loan = £

                  Error: Sorry you can only borrow for a period of between 1 and 7 years

                  Error: The maximum length of a loan in these circumstances is 3 years

                  Error: The maximum length of a loan in these circumstances is 5 years

                  Error: The maximum length of a loan in these circumstances is 7 years

                  Over how long?

                  months (5 years)
                  12 120

                  Calculator Results

                  Total amount repayable
                  Monthly repayments
                  APR
                  Loan amount
                  Length of loan
                  Fixed annual rate of interest (nominal)
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                  Do you have a Tesco Clubcard? Enter your Tesco Clubcard number when you apply as it may positively impact your application

                    Representative example

                    This calculator is designed to be illustrative only. If you apply for a loan we’ll need to assess your financial circumstances. This may change the interest rate and your monthly repayments. Our loans are available to UK residents aged 18 and over. Subject to status.

                    Loan amount

                    £10,000

                      Monthly repayments

                      £178.64

                        Length of agreement

                        60 months

                          Total amount repayable

                          £10,718.40

                            Representative

                            2.8% APR

                              Fixed Annual Rate of Interest (nominal)

                              2.7647%

                                The representative APR applies to loans of £7,500 to £25,000 over 12 to 60 months. Rates will vary depending on loan amount and individual circumstances. The minimum rate we offer is 2.8% APR and the maximum rate is 27.5% APR.

                                Want to know more about our loans?

                                Important information and frequently asked questions

                                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.

                                Loans are available to UK residents aged 18 and over. Rates will vary depending on loan amount, term and individual circumstances. Subject to status.

                                Tesco Bank Loans: PO Box 27014, Glasgow, G2 9FE

                                  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.

                                        At the beginning of the loan we work out the interest you will pay over the whole length of your loan and add this to your loan amount. We calculate your interest charge by applying interest at a monthly rate based on the APR to the balance of your loan, as reduced by your monthly repayments. We add this to the loan amount and then divide this total by the number of monthly repayments.

                                        The loans calculator will give you an example of what it might cost you based on the loan amount and term you want. However, the interest rate we offer may be higher depending on your individual circumstances.

                                          Why should I use a loan eligibility checker?

                                          Our loan eligibility checker quickly and easily lets you find out how likely it is that you’ll be approved for a loan – without affecting your credit score. 

                                            How do you determine eligibility for a loan?

                                            We look at things like your income and any debts against your name or place of residence to help us determine whether you’re eligible for a loan. 

                                              What do I need to use the loan eligibility checker?

                                              All you need are details about where you’ve lived for the last three years, how much you pay on rent or mortgage each month, your yearly wage and how much money you take home each month.

                                                How much can I borrow?

                                                Our checker will work out how much you can borrow based on your monthly incomings and outgoings.

                                                  Will using the eligibility checker affect my credit score?

                                                  No, it won’t affect your credit score. If you apply for a loan and are either accepted or declined, that decision can have a positive or negative affect, but our checker will not change your score at all.

                                                    How can I check my credit score?

                                                    Find out more about how your credit score works and how to check it in our guide to credit scores.

                                                      How accurate is the loan eligibility checker?

                                                      Our checker uses a percentage score to show how likely it is that you’ll be approved for a loan. The higher the score, the more likely you’ll be approved. If you do apply, we’ll do a full credit search and a search of fraud prevention databases. Depending on these checks, you may still be turned down for a loan.