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DE Adamson

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Review of the Tesco Bank, Loan:

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Quick, simple, but do not give the interest rate they tease you with.

Applied for and approved for a Tesco’s loan for a car (I have an excellent credit rating). Loan process is simple and quick, however DO NOT be fooled by the interest rate they suggest you may get, they added an extra 1 percent on top. OK, its not a lot more, but its not what’s offered and there’s no explanation., even when asked. By the point of offer its then too late as I didn’t want to upset my excellent credit rating by applying for other advertised loans which now could be cheaper (if those companies adhered to the rate advertised). Reviewed on: 22nd November 2019

Review of the Tesco Bank, Loan:

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No early repayment fees

Easy to obtain a loan only missed out on the full stars as the interest rate was slightly higher than advertised. No early repayment fees are a huge bonus. I was able to pick the payment (direct debit) date which assists with budgeting. Reviewed on: 15th April 2019

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