Loans Eligibility Checker

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

    3.6% APR representative on loans from £7,500 to £25,000 for terms 12 - 60 months.

    Loan Calculator

    This is an illustrative example. The rate you're offered depends on the loan term and amount chosen, as well as your individual circumstances.

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

    What will you use the 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: 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

        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

        Monthly repayments
        APR
        Total amount repayable This includes a total interest cost of

        Do you have a Tesco Clubcard?
        Enter your Clubcard number when you apply as it may allow us to offer you a better rate

          Representative Example

          Representative APR, based on a loan amount of , over , at a Fixed Annual Interest Rate of (nominal). This would give a monthly repayment of and a total amount repayable of .

          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. The maximum APR you could receive is 34.0% APR.

          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.