All Loans > Personal Loans > Tesco Personal Loans Calculator
Important disclosure

Tesco Personal Loans Overview

Tesco personal loans logo

The table below has the key details about Tesco Bank personal loan options. Whether you want to sort out your finances, improve your home, get on a holiday or buy a new car, Tesco can get you going.

How much will a Tesco personal loan cost? Use the Tesco personal loan calculator below to see your estimated monthly repayments. Simply input your desired loan amount and preferred payment terms or adjust where needed to view different options.

Terms from 1 to 10 years. Representative example: 5 year £10,000 loan with comparison rates from 2.8% to 49.9% APR would cost between £10,728 and £27,321, including fees. The interest can vary between £728 and £17,321.

Tesco personal loans review

Tesco offers a range of personal loan products for various needs in different phases of life— from small loans, consolidation debt, loans for weddings, joint loans up to large and long-term loans.

Tesco loan features

Thinking of applying for a Tesco loan? Here are the key features and benefits to expect:

  • Loan term. 1 to 10 years.
  • Get approved online. You can apply and instantly get a decision online
  • Flexible repayment options. If you want to pay your loan faster, you can make additional payments to your loan with no extra charges
  • Payment break. Eligible borrowers can start paying 2 months after their loan was issued

How to apply for a Tesco personal loan?

What you’ll need:
Other than your personal contact information, you must also have the following prepared:

  • Your address/es for the past three years
  • Proof of regular monthly income after tax
  • Supplementary documents with credit and store card limits as well as current balances
  • Details on other monthly outgoing expenses
  • Your current employer’s address details (if applicable)

Optional: Tesco Clubcard number, as having one may positively impact your loan application

Check that you’re eligible:

To qualify, you must:

  • Be at least 18 years of age and not older than 74 at the end of your loan term
  • Be in permanent employment or have a regular source of income e.g. or pension
  • Have resided within the UK for 3 years or more
  • Hold a UK personal current account
  • Agree to only use this loan for personal purposes and not for business matters

 

Tesco personal loan calculator

Provider
Product Information
EST Monthly
Repayment
Interest
Rate
Repayment
Period
Loan
Amounts
Sort loans by

Loan Amount

£20,000

Term

3 months

Change
Tesco Bank

Tesco Bank personal loans (15,001 - 25,000)

Tesco Bank personal loans (15,001 - 25,000)
EST Monthly Repayment
£582 Inclusive of fees
EST Monthly Repayment
3.00%
APR
EST Monthly Repayment
12 months
to 120 months
EST Monthly Repayment
£15,001
to £25,000
Go to site
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.
Featured
Nationwide

Nationwide personal loans (7,500 - 25,000)

EST Monthly Repayment
£581 Inclusive of fees
Interest Rate
2.90%
APR
Repayment Period
12 months
to 60 months
Loan Amounts
£7,500
to £25,000
Go to site
Paying off your debt using a Nationwide loan could give you the chance to take control of your finances.
Featured
Santander

Santander personal loans for £7,500-£15,000

EST Monthly Repayment
£582 Inclusive of fees
Interest Rate
3.00%
APR
Repayment Period
12 months
to 60 months
Loan Amounts
£7,500
to £15,000
Go to site
You are eligible if you’re 21 or over and live in the UK permanently, you have a regular yearly income of £6,000+, you are able to make your repayments by Direct Debit, and you haven’t been declared bankrupt, had a CCJ or an IVA within the last 6 years. All credit is subject to status and credit checks.
Featured
HSBC

HSBC personal loans (15,000 - 25,000)

EST Monthly Repayment
£590 Inclusive of fees
Interest Rate
3.90%
APR
Repayment Period
12 months
to 96 months
Loan Amounts
£15,000
to £25,000
Go to site
Make your plans a reality with a personal loan with fixed monthly payments, an instant credit decision, quick access to funds and no arrangement fee.
Featured
Barclays

Barclays personal loans (15,000 - 24,999)

EST Monthly Repayment
£616 Inclusive of fees
Interest Rate
6.80%
APR
Repayment Period
24 months
to 60 months
Loan Amounts
£15,000
to £24,999
Go to site
When it comes to putting your plans into action, it’s personal. And with a personalised loan just a few clicks away, getting things moving could be simpler than you think. Get your loan rate before you apply – without it affecting your credit score.

BestLoanRates.co.uk provides factual information in relation to financial products. While BestLoanRates.co.uk attempts to make a wide range of products and providers available, it may not cover all the options available to you. Moreover, we cannot be responsible for changes made to this information by product providers and/or inaccurate information obtained from a product provider. All product information comes from the product provider or publicly available information and, to the best of our knowledge, is correct at the time of publishing. The information published on BestLoanRates.co.uk is general in nature only and does not consider your personal objectives, financial situation or particular needs and is not recommending any particular product to you. If you decide to apply for a product, you will be dealing directly with that provider and not with BestLoanRates.co.uk. BestLoanRates.co.uk recommends that you read the relevant product disclosure statement or product guide before taking up any financial product offer. For more information, please see BestLoanRates.co.uk's Terms of Use.

Minimum and maximum loan periods vary between 1 month and 10 years. APR varies between 2.80% and 71.30% p.a. Total interest repayments vary between £435 and £1,019 over the life of the loan. *APR is based on an unsecured loan of R£15,000 for a term of 3 years. WARNING: This APR is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different APR. These rates can change without further notice. All rates quoted are per annum.

Tesco FAQs

How long will it take to get my loan?

If you apply online, Tesco will try to deliver an instant decision to let you know whether you are accepted, will need to provide additional information or have been declined. If approved, you will need to sign a credit agreement in person or digitally. Afterwards, they will deposit the money to your bank account via Faster Payments, which can take up to 48 hours to reflect. If you apply over the phone, it can take between 5 – 10 days for Tesco to check everything. If your application is approved, they will send an agreement for you to sign and return to them. Once done, they will transfer the money to your bank account via Faster Payments.

Can you choose a repayment date?

Yes. Tesco allows borrowers to choose any date between the 1st and 25th of the month. Just note that the first payment must be made between 15 and 45 days after you receive the money.

What is the difference between repaying a loan early and making additional payments?

Repaying your loan early means you will settle and close the loan at once. This will require you to pay an early settlement fee of up to 2 months’ interest.
Meanwhile, in making additional payments, you “overpay” instalments during the loan term. When you loan with Tesco, making additional payments is free of charge.

Discover more about Tesco bank Club Card

.

Bestloanrates.co.uk provides factual information in relation to financial products. While Bestloanrates.co.uk attempts to make a wide range of products and providers available, it may not cover all the options available to you. Moreover, we cannot be responsible for changes made to this information by product providers and/or inaccurate information obtained from a product provider. All product information comes from the produc provider or publicly available information and to the best of our knowledge is correct at the time of publishing. The information published on Bestloanrates.co.uk is general in nature only and does not consider your personal objectives, financial situation or particular needs and is not recommending any particular product to you. If you decide to apply for a product you will be dealing directly with that provider and not with Bestloanrates.co.uk. Bestloanrates.co.uk recommends that you read the relevant product disclosure statement or product guide before taking up any financial product offer. For more information please see Bestloanrates.co.uk’s Terms of Use and Services Guide.

© 2024 Bestloanrates.co.uk