Home improvement loans

Anyone can apply for a loan as long as they’re a UK resident and aged 18 or over. When you apply, we’ll ask some questions about your circumstances to check that we can offer you a loan.

If you’d like to see how likely you are to be accepted before applying – and without impacting your credit score – use our loan calculator and hit ‘check my eligibility’.

This representative APR applies to loans of £7,500 - £25,000 over 1 to 5 years. We also offer loans between £3,000 - £35,000 and have terms available between 1 to 10 years.

The rate you’re offered may differ as that depends on the amount you apply for and our review of your circumstances. The maximum APR you could expect is 34.5% APR.

Yes, we do a credit check when you apply for a loan.

You can find out how likely you are to be accepted first without affecting your credit score by using our eligibility checker.

If you're approved and you're eligible to digitally sign, you should get your loan within 24 hours. Please leave up to 48 hours before calling us.

If we need more information from you, it can take 5 to 10 days for us to make sure everything is okay before we approve your application and send you the funds.

You'll pay the same amount each month by Direct Debit on a date you choose.

Your first payment will be taken one month after you get your loan unless you've been accepted for a payment break in your application.

No, our loans are a fixed rate which means your monthly Direct Debit payments will be the same every month until your loan is paid off.

If you make overpayments towards your loan, then you can choose to reduce your monthly payments instead of reducing your term. This means there’s less interest to be charged, which means you could save money overall.

When you apply for a loan, you may be eligible for a 2 month payment break at the start of your loan. This means you won't start paying your loan back straight away.

Interest will be charged during the payment break and your overall loan period will be extended by 2 months, which means that you'll pay an extra 2 months' interest.

If you're struggling with your payments throughout your loan and feel you need a break, we can still help. Visit our financial difficulty page to find out more.

Yes there are 2 ways you can do this:

You can do this at any time during your loan without paying any fees. These overpayments will go towards reducing the length of your loan (unless you ask us to reduce your monthly payments instead). This means there's less interest to be charged, which means you could save money overall. There are various ways you can make these payments.

You can pay your loan off in full any time. You'll need to pay a charge of up to 2 months interest for doing this, but you could save money on interest overall. You can find out how much it would cost to settle your loan early and how much you could save, at any time by asking us for an early settlement figure.

Yes, you can apply to borrow more once you've made 8 consecutive monthly payments on your existing loan.

You can find out more about borrowing more on our existing customer page.

If you miss a loan payment, we'll automatically try to take the payment again within 10 to 14 days.

If you're struggling to make your monthly payment amount, please don't panic, we're not here to add to the stress, we're here to help. All you need to do is reach out to chat about your situation. Our page on financial difficulty tells you more about what we can do to help and how to get in touch.

If you don't get in touch and end up falling behind on your repayments, there could be charges for late or missed payments. So it's important that you reach out to us as soon as you can.

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.

To get a home improvement loan, you first need to look at how much money you’ll need for the improvements you have planned. Then apply for a loan for that amount. You’ll also be able to say how long you would like to take your loan out for, which could be anywhere from 12 to 120 months.

We’ll let you know our decision as quickly as possible. If you're approved and you're eligible to digitally sign, you should get your loan within 24 hours. Please leave up to 48 hours before calling us.

There are a few things to think about when you’re choosing a home improvement loan, like:

Whether you can afford the repayments - This is the most important factor when considering a home improvement loan. Make sure the repayments fit your budget with the help of our loan calculator.

How much you need to borrow - Plan your project carefully and check that the loan amount will cover the improvements you have in mind.

What your credit score looks like - Before applying for a home improvement loan it's a good idea to check your credit score. Your credit score can affect your chances of being approved. Use our loan eligibility checker to find out how likely you are to be approved, without affecting your credit score.

When you apply for a loan, we'll look at your credit history to find out if you're eligible for a loan with us. Your credit history can also affect what interest rate we offer you, if you're approved for a loan with us.

It’s a good idea to check your credit score before applying for a home improvement loan, as being turned down can negatively impact your score. Use our loan eligibility checker to find out how likely you are to be approved for a Tesco Bank home improvement loan, without affecting your credit score.

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

Tesco Bank is a trading name of Barclays Bank UK PLC. For more information on what this means please go to tescobank.com/transfer-scheme.