Loan calculator

With our loan calculator, you can find out what your repayments might look like, and the interest you could end up paying.

    A loan from Tesco Bank could be a great way to fund a home improvement project, upgrade your car, or help to cover the cost of your wedding.

        Clubcard Prices

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

          What our customers love about our loans:

            Fixed monthly payments on a date you choose
          • Fixed monthly payments on a date you choose
          • Make overpayments with no fees
          • Make overpayments with no fees
          • Amounts are available from £1,000 to £35,000
          • Amounts are available from £1,000 to £35,000
            And loan terms of 1 to 10 years.

          Clubcard 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 Tesco 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 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

              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 .

              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.

                        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 (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.

                                    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.

                                      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.

                                            Why would I use a loan calculator?

                                            When you’re thinking about taking out a personal loan, one of the most important things to know is whether you’ll be able to afford the monthly repayments. Our loan calculator helps you work out how much you could be expected to pay back every month on our current headline rates, by looking at things like how much you’d like to borrow and the length of the loan.

                                            Our loan calculator lets you try out lots of options, so you can see the difference between a one-year loan or a three-year loan, for example. This can help you work out whether you’re likely to be able to afford a personal loan alongside your other monthly payments.

                                              How does this loan calculator work?

                                              Our loan calculator asks you for information about a few key things and then uses those to work out how much you could expect to pay each month and how much you could borrow. It uses variables like how much you’d like to borrow, the interest rate and the length of the loan. If you change one of these variables, the loan details will be recalculated.

                                              Our loan calculator shows you the representative APR (Annual Percentage Rate) for the information entered. How much interest you could end up paying is dependent on your individual circumstances.

                                                How are loan repayments calculated?

                                                Our loan calculator works out how much interest you could pay overall, by looking at things like the APR (Annual Percentage Rate) and how long the loan is for. It also tells you how much you might need to pay back each month, so you can work out if it’s affordable as part of your current budget. It uses the representative APR for the loan details you've entered. The actual APR you will get and the interest you could end up paying is dependent on your individual circumstances and credit score, so could be different. Not sure what your score is? Check out our guide on how credit scores work.

                                                  Why choose a Tesco Bank Loan

                                                  Take a payment break

                                                  If you're eligible you could apply to delay your repayment by 2 months at the start of your loan.

                                                  Make overpayments with no fees

                                                  This could help you pay off your loan faster and save money overall.

                                                  Pay off your loan early, in one go

                                                  This could help you save money on interest - a 2 month interest charge will be applied.

                                                  Same day funds

                                                  You could get the money in your account in as little as 2 hours. This will vary depending on the outcome of your application.

                                                  Fixed monthly payments on a date you choose

                                                  Your monthly payments will be for the same amount each month on a date that suits you.

                                                  Apply to borrow more

                                                  If you need to borrow more, you may be able to do so.

                                                  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.