Check your loan eligibility
Find out how likely you are to be accepted for a loan without affecting your credit score.
Won't affect your credit score
We run a soft check which won't harm your credit rating.
Only takes a few minutes
Find out in the time it takes to make a cup of tea.
Get your percentage score
See how likely you are to be accepted for a loan.
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.
Want to know more about our loans?
Important information and frequently asked questions
- About our loans
- Why should I use a loan eligibility checker?
- How do you determine eligibility for a loan?
- What do I need to use the loan eligibility checker?
- How much can I borrow?
- Will using the eligibility checker affect my credit score?
- How can I check my credit score?
- How accurate is the loan eligibility checker?
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.
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.
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.
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.
Our checker will work out how much you can borrow based on your monthly incomings and outgoings.
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.
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.