Holiday loan

Organising a special trip or a holiday of a lifetime? A Tesco Bank personal loan could help you cover the cost.

Clubcard Prices

Enter your Clubcard number when you apply and if you're accepted you'll get a better rate.

    Paying for a holiday with a loan:

    • When you decide it’s finally time to tick off that bucket list trip, a holiday loan could help you make it happenWhen you decide it’s finally time to tick off that bucket list trip, a holiday loan could help you make it happen

    Things to consider:

    • Using a holiday loan could be a helpful way to spread the cost of a special trip. With our fixed interest rates you’ll know what the loan will cost up front, helping you set a budget for your travelsUsing a holiday loan could be a helpful way to spread the cost of a special trip. With our fixed interest rates you’ll know what the loan will cost up front, helping you set a budget for your travels
    • Of course, taking out a personal loan is an ongoing commitment so make sure you think about how you’ll pay the loan repayments and for how longOf course, taking out a personal loan is an ongoing commitment so make sure you think about how you’ll pay the loan repayments and for how long

    Find out more about our holiday loans below or by visiting our personal loans page.

        Holiday 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 select if you have a Clubcard to continue

        Do you have a Clubcard?

        It's easy to join Clubcard now and apply for a loan today.

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

        What will you use the loan for?

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

          Error: Sorry we only offer between £3,000 and £35,000

          Error: Please make sure the total amount you'd like to borrow is between £3,000 and £35,000

          How much do you want to borrow?

          £
          3000 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

          Without a Clubcard

          Clubcard Price

          Monthly repayments

          APR

          Total repayable

          Clubcard Price
          Possible saving with a Clubcard £ Enter your Clubcard number when you apply

          Representative Example

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

          Why choose a Tesco Bank Loan?

          • Clubcard members get a better rate if they're accepted.
          • We’ll give you an instant decision when you apply online.We’ll give you an instant decision when you apply online.
          • If you’re eligible and apply online, you could get the loan transferred to your account by the next day if approved, by digitally signing.If you’re eligible and apply online, you could get the loan transferred to your account by the next day if approved, by digitally signing.
          • Take a two-month payment break at the start of your loan, if eligible. Please note, interest will accrue during the payment break and your loan term will be extended by 2 months.Take a two-month payment break at the start of your loan, if eligible. Please note, interest will accrue during the payment break and your loan term will be extended by 2 months.
          • You can choose which day of the month you’ll make your fixed monthly payment.You can choose which day of the month you’ll make your fixed monthly payment.

            How our loans work​

            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 34.5% 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.

                      We're proposing to transfer our banking business to Barclays

                      If your application is successful, your account is expected to transfer to Barclays on 1 November 2024.

                      There'll be no immediate changes to how you use and manage your account on a day-to-day basis. Barclays will continue to use the Tesco Bank brand on all existing Tesco Bank banking products through a long-term strategic partnership with Tesco.

                      To find out more and view a range of helpful documents just go to tescobank.com/transfer-scheme

                        How soon can I get my loan?

                        If you've been approved, you'll receive some important documents within five days, which you'll need to check, sign and return to us.

                        If you apply online, you’ll get an immediate decision and, if eligible, can digitally sign your loan agreement with us. We’ll then use Faster Payments to send the money directly to your bank account.

                        Once we're happy with the information you've sent, we'll fully approve your loan and pay the money into your bank account.

                          Take a payment break

                          Sometimes it can really take the pressure off when you don't have to start repaying your loan straight away, especially if you've got extra expenses to cover.

                          So when you apply for a loan, you might be eligible to apply for a payment break before stating your monthly loan repayments.

                          • This break is only available at the start of your loan.This break is only available at the start of your loan.
                          • If your application for this option is successful, then the first payment would be taken the third month after the issue of the loan.If your application for this option is successful, then the first payment would be taken the third month after the issue of the loan.
                          • Interest will be charged during the payment break and your overall loan period will be extended by two months, which means that you will pay an extra two months' interest.Interest will be charged during the payment break and your overall loan period will be extended by two months, which means that you will pay an extra two months' interest.
                          • Your offer documentation will explain the terms of the payment break, so please read everything carefully.Your offer documentation will explain the terms of the payment break, so please read everything carefully.

                          Your 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 on the date you have chosen in your application, unless you apply for an initial payment break,

                            You'll always know what you have to pay

                            All Tesco Bank Personal Loans are fixed rate. This means your monthly Direct Debit payments will be the same every month until your loan is paid off. Nice and simple.

                              What happens if a payment is late?

                              We'll charge £12 each time a loan payment is late and £12 when a default notice is issued.

                                Can I make additional payments to my loan?

                                Yes, you can do this at any time at no extra cost. It may help pay off your loan faster, reducing the amount of interest you pay which would save you money overall. You can learn all about what this means for your loan on our page about additional payments.

                                  Can I pay off my loan early?

                                  You can do this at any time which could save you money on interest charges. Remember to factor in a two-month interest fee when you settle early though. For more on early settlement figures visit our page on paying your loan off early.

                                    Credit checks during application

                                    We'll carry out a credit reference search when you apply for a loan and a credit score will be calculated based on the information you enter and your credit reference information. This will help us make a decision on whether or not we're able to lend to you. We'll then let you know the decision and what the status of your application is.

                                      Who provides these loans

                                      Our loans are provided by Tesco Bank, PO Box 27014, Glasgow, G2 9FE.

                                        What do we mean by Annual Percentage Rate (APR) and annual rate of interest?

                                        The APR is the total cost of borrowing, as a percentage of the amount you owe, over a year. The APR is calculated from the annual rate of interest plus any upfront fees. It gives you a way to compare the cost of different loan and credit offers.

                                        The annual rate of interest is the amount of interest that will be charged on your loan, as a percentage of the amount you owe, over a year.

                                          Holiday loans could be a helpful way to pay for a special holiday even if you don’t have enough money in your savings to cover the cost. They are unsecured personal loans that let you spread the cost of your trip, giving you money upfront and letting you pay it back in monthly instalments.

                                          When you take out a Tesco Bank personal loan to pay for your holiday, you’ll be able to choose how long you’d like your loan to last. Our personal loans can be paid back over one to five years, depending on the amount you are borrowing. Tesco Bank personal loans are fixed rate, so you’ll be able to see exactly how much you’ll owe each month and how much the loan will cost overall.

                                            Holiday loans work like any other unsecured personal loan. You can apply for a loan for the amount you need to pay for your holiday, or part of your holiday, and choose how long you’d like to pay it back. If you’re approved for a Tesco Bank personal loan, we’ll send the money to your account within a few days. You’ll then pay the loan back with interest in monthly instalments until the full amount has been repaid. While a personal loan could give you money in the bank for your planned big purchase, you should make sure you’ve carefully reviewed your finances and know how you’ll pay it back before you apply. 

                                            You’ll also have the option of applying for a payment break when you take out a holiday loan. This means you won’t have to start repaying your loan right away, instead your payments won’t start until the third month of your loan. Two additional months will be added on to the end of your loan term and you will be charged interest for the full length of your loan.

                                              A holiday loan could be a way to borrow money upfront when you’re a little short for that holiday of a lifetime. Alternative options might include using your savings if you have some – which means you won’t have to pay any interest, or thinking about putting some or all of your holiday expenses on a credit card.  

                                              A credit card could be a good option if you think you’ll be able to pay back the cost of your borrowing very quickly, especially if you’re able to take out a 0% interest credit card. This could give you enough time to pay back your holiday costs before you need to pay interest. That said, if you don’t manage to pay the money back before the 0% interest period ends, the rates are likely to be higher than the ones on a personal loan.

                                                Contact us - we're here to help

                                                Need a few questions answered? Our UK-based teams are here to talk to you seven days a week. Lines are open Monday to Friday, 8am-8pm, and Saturday to Sunday, 9am to 5pm.