Large loans

A large personal loan could help you access funds for up-front payments needed for planned things like a wedding, a world-trip of a lifetime or big home improvement projects. Large loans let you access the cash you require and make set monthly repayments over a period of time.

Things to consider before taking out a large loan

Taking out a personal loan is an ongoing commitment so make sure you think about how the loan repayments will work with your future plans.

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

          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 .

                How a large loan could help

                A large loan could give you the lump sum you need and allows you to pay back the full cost of your loan in instalments over an agreed period of time. This spreads the cost to a figure you feel comfortable paying each month.

                  Turn your house into a home

                  Planning a big renovation project? A large loan could help you to finally get your dream kitchen or make space for yourself with a home extension. You’ll be in control of how much you apply to borrow, and the repayment period, so you can kick start your long-awaited house improvements knowing what you’ll be paying back each month.

                  Large loans for large ideas

                  If you’re planning a wedding, or a once in a lifetime trip, a large loan could help you to realise those plans. You could make big things happen, especially with large loans that offer fixed monthly payments. Remember though, you should only borrow the amount you need. Find out more about the large loans we offer our customers.

                    Why choose Tesco Bank for a large loan

                    • 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.
                    • We’ll give you an instant decision when you apply online.
                    • You may be eligible to take a two-month payment break at the start of your loan. 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. Before you apply for a loan think about how much you’ll borrow, how long you’ll need to repay the loan and what the interest could cost.

                    How our large loans work

                    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.

                              Getting your loan

                              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.

                                Payment break

                                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.
                                Paying your loan

                                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 (See under Payment Break tab).

                                  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

                                          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

                                              APR and annual rate of interest

                                              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.

                                                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.