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Martin Oliver

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Review of the Tesco Bank, Loan:

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Applied for a car loan at the advertised 5.

Applied for a car loan at the advertised 5.1% APR. Have Tesco Clubcard and spent £70,000 with them over the years. No issues on my credit score or anything else. Offered loan at 10.9% Went to Natwest and got 6.1%. Tesco couldn't explain the high APR. Raised a complaint but was told no grounds to complain Reviewed on: 24th July 2024

Review of the Tesco Bank, Loan:

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Poor rate given

l've got a prefect credit score, have been a Tesco home shopping customer for over twenty years, am employed, own my own home, have a club card and have never had a bad debt. l've previously had a Tesco loan and all was well. However this time l wanted to borrow £15,000 and despite the 5.1% advertised rate l was offered 9.1% Worse, when l called customer services they couldn't tell me the reasons for the poor rate offered and just repeated the spiel that "50% of our customers get the 5.1%" l raised a complaint and after being told it could "take up to eight weeks" l was called the next day and told that l had "no grounds for complaint" Reviewed on: 15th November 2022

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