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Tesco Bank: Personal loan reviews

Name: Personal loan
Rating: 3.32 (81 reviews)

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3.32

Based on 81 reviews, last reviewed 20th Apr 2026

300% increase in 5 star reviews

in the past 90 days

100% decrease in 1 star reviews

in the past 90 days

54%

10%

33%

Latest highest rating:

5

Great help from Tesco Bank It was so important for me to get a loan and I was able to get a loan from Tesco Bank. It was great support which gave an amazing opportunity for my f... Read more Reviewed on: 20th April 2026

Latest lowest rating:

1

Stay away if you value your credit score. Stay away if you value your credit score. My payment was reversed as something unexpected had gone out of my account on the same day. I received a te... Read more Reviewed on: 4th December 2025

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About this product

A Tesco personal loan can be used for a range of purposes.

The lowest rates for Tesco personal loans are for Clubcard members. If you’re approved, you could get the money paid into your account within 24 hours. You can pay your loan off in one lump sum but will be charged two months interest.

Tesco personal loan reviews help you find out what it’s really like to be a customer. If you’ve used Tesco Bank before, you can also leave a review and share your experience.

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Tesco Bank Personal loan reviews (81)

Great help from Tesco Bank

It was so important for me to get a loan and I was able to get a loan from Tesco Bank. It was great support which gave an amazing opportunity for my family to resolve our needs. Reviewed on: 20th April 2026

Really good rates.

Really good rates. Even better for club card holders. Reviewed on: 16th April 2026

Borrowing a loan from Tesco Bank is straight forward...

Borrowing a loan from Tesco Bank is straight forward easy to understand their products. Also their interest rates is very competitive plus discount rate with clubcard is a bonus. Thanks to Tesco team. Reviewed on: 13th April 2026

Stay away if you value your credit score.

Stay away if you value your credit score. My payment was reversed as something unexpected had gone out of my account on the same day. I received a text message saying the payment would be re attempted ( if it wasn’t for this i would have made the payment straight away) I made sure the money was in my account and it went out on the re attempted. I then found the missed payment was reported to the credit reference agencies. After realising , I made contact with Tesco bank to explain the situation and that I hadn’t wanted to make a double payment, as I assumed the payment was booked to be re attempted, which led me into a false sense of security. The assistant I spoke to was very rude and blunt , stating Tesco bank had done nothing wrong and that they were reporting the account as delinquent after a payment was 15 days late even though the account was now up to date (they chose the 15 day period to re attempted the payment). Reviewed on: 4th December 2025

Best Loan

Received a small loan for a car, very happy with interest, ease of application & of app now to monitor. Reviewed on: 12th June 2025

Yes oki very good for me and my friend

Yes oki very good for me and my friend Reviewed on: 17th February 2025

JUST GO TO TOUR OWN BANK AND APPLY FOR A LOAN!

JUST GO TO TOUR OWN BANK AND APPLY FOR A LOAN!! We were accepted by our bank in 2 minutes and the £20k loan was in the account within 5 minutes. Really bad experience with Tescos. Application took over 2 months to process and when it finally did they asked for additional information which wasn’t a problem, my wife sent over the marriage certificate electronically as we’d just got married as she had to prove the name change. Only for tescos to say we need the real copy and if we didn’t send it over they would cancel our application which they did. Our circumstances may have been different to others but it as dealt with so poorly and with barely any communication. We then went to HSBC who we bank with and got it straight away. Reviewed on: 30th December 2024

Tesco Loan

I took out a loan with Tesco bank. The interest rate was decent but it was very easy to take out the loan. Their website was very intuitive and easy to use when making payments. Reviewed on: 4th October 2024

Two good experiences

So I've had two loans with tesco, one was to consolidate some debts and the second was a top up loan on the same agreement. Perks - the first time I applied, once I completed my application online - the credit agreement was sent to me electronically and signed on the same Web page as my application was completed on - funds where in my account within 2 minutes of me pressing accept however I'm led to believe that this is subject to you credit history and credit report and also subject to if you leave an application and return. Staff where happy to answer any questions. The rates offered and flexibility for amounts and term length was also really useful. Additional borrowing is available after you make 8 payments on your existing loan. You have two options to either add a second loan alongside your current Or add additional borrowing to your existing agreement (a new hard search and application is essentially done for this) on that occasion Tesco state that a hard copy of a credit agreement is needed for this so they send out an agreement. This was at my house within a day or two. I would strongly recommend you pay additional postage to get the letter back to them rather than rely on the 1st class prepaid business envelope they provide. The letter got back and was paid in to my account once the document was scanned but again this is dependent on if it was approved or approved in principle. Positive experience, club card rates are offered and it makes sense to add your club card if you have one even if it only saves you a few quid each month on your direct debt repayments. The rates where much more favourable with tesco bank than any other provider by miles but again I assume this is credit file dependent. Friendly Scottish staff when you ring up and overall nothing bad to say. Reviewed on: 24th September 2024

Tesco bank app

Low APR rates on personal loans and variety of products to choose from also easy apply through Tesco bank app Reviewed on: 23rd August 2024

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