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.

        Loan calculator

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

          What will you use this loan for?

          I have more than one reason for this loan

          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
              Remove

              Error: Please let us know what you’ll use this loan for or remove this additional reason

              What else will you use this loan for?

              I have more than two reasons for this loan

              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: Please enter an amount or remove this reason

                  Error: Please make sure the total amount you'd like to borrow is between £1,000 and £35,000

                  How much more do you want to borrow?

                  £
                  0 35000
                  Remove

                  Error: Please let us know what you’ll use this loan for or remove this additional reason

                  What else will you use this 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: Please enter an amount or remove this reason

                      Error: Please make sure the total amount you'd like to borrow is between £1,000 and £35,000

                      How much more do you want to borrow?

                      £
                      0 35000

                      Error: Sorry, we only offer loans between £1,000 and £35,000. Please update how much you'd like to borrow so the total is within these limits

                      Total amount you would like to borrow for this loan = £

                      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

                      Total amount repayable
                      Monthly repayments
                      APR
                      Loan amount
                      Length of loan
                      Fixed annual rate of interest (nominal)
                      clubcard

                      Do you have a Tesco Clubcard? Enter your Tesco Clubcard number when you apply as it may positively impact your application

                        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.

                          Representative example

                          Loan amount

                          £10,000

                            Monthly repayments

                            £178.64

                              Length of agreement

                              60 months

                                Total amount repayable

                                £10,718.40

                                  Representative

                                  2.8% APR

                                    Annual Rate of Interest (nominal)

                                    2.7647%

                                      The representative APR applies to loans of £7,500 to £25,000 over 12 to 60 months. Rates will vary depending on loan amount and individual circumstances. The minimum rate we offer is 2.8% APR and the maximum rate is 27.5% APR.

                                      How our 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 only. Rates will vary depending on loan amount 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.

                                                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.

                                                  Making repayment

                                                  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.

                                                    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 pay my loan back early?

                                                        Yes. But you will be charged up to two months' interest if you choose to settle your loan 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 Loans: 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.