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Tesco Bank: Personal loan reviews

Name: Personal loan
Rating: 3.82 (81 reviews)

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3.82

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)

2 months for a loan.

If you want to wait 7 weeks for a loan that other providers Admiral can provide within a week, use Tesco Loans. A company stuck 10 years in the past, embarrassing that a company can operate like this in 2024. Reviewed on: 12th August 2024

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

The most ridiculous bank ever.

The most ridiculous bank ever. It came to my attention that there are entries in me credit report showing two missed payments on my account. However, these entries were inaccurate. I did indeed make all required payments manually; unfortunately, they were not processed via direct debit, leading Tesco Bank to classify them incorrectly as missed payments. I contacted them but they said they cannot change it. How stupid that is? This misclassification is affecting my credit score unfairly and does not reflect my actual payment history. Reviewed on: 25th June 2024

Easy to use and efficient.

Easy to use and efficient. All online. Reviewed on: 16th June 2024

It's very easy and very helpful us during my home im...

It's very easy and very helpful us during my home improvement. Reviewed on: 6th June 2024

Waste of Time.

Got 95% Pre-approval for Tesco personal loan from both Money supermarket and compare the market. Applied for Tesco personal loan, got a referred application.. after 4 days I was rejected. I have a near perfect credit score, no outstanding debts a Top 1% salary. Tesco's are complete time wasters and of course vague as to the reason why my application was rejected. Went with MBNA and was approved instantly. Just avoid they waste your time and Pre-approval scores are not accurate ! Who are they approving for loans? Reviewed on: 23rd January 2024

Application declined right at the last moment

Please avoid Tesco loan, they will waste your time. People who work there have no clue what they are doing. I initially applied for loan on 13th Dec and was approved at5.9% which was cheapest at the time. After the application no sign of any email or text. Called up next day and I was told a letter has been posted. Waited for over a week and didn’t receive any letter. Called up again and I was given all sort of reasons beacuse of Christmas postal service is slow. They said they have sent 3 letter and I only receive 1.. Also they don’t have email facilities so I can’t receive or send documents electronically. Waited for 2 weeks to get the letter. Finally letter came through. Posted back with requested documents. Within few days I had a phone call saying they need to see back part of the biometric card which was never mention previously. Sent 2 letter paid £7.35 for each letter on next day delivery so I can get the money on time. On 9th Jan I had another phone call from Tesco loan money will be in my account with 2 hrs. After the previous phone call within 30mins I had another phone call from Tesco saying my application has been declined. due to affordable reason.. what a waste of time promising loan and making people wait for 3 weeks and saying it’s been declined. Why were these checks done previously? ABSOLUTELY UNPROFESSIONAL. Reviewed on: 9th January 2024

Do not apply for a Tesco loan - Do not offer rate advertised when you apply

So - Advertised a loan at 5.9%, told me I was 95% probability of being accepted, at no point said rate might be higher, then "approved" my offer at 13.5% 0 what a joke - I never would have even applied at that rate. ought to be laws about this sort of cowboy behaviour. Expected better. Reviewed on: 5th December 2023

Amazing offers

If you’re looking for a car, better to get loan from Tescos better rates than what is currently offered in car showrooms Reviewed on: 8th September 2023

5.2% advertised - 11.7% offered

Clickbait offers!! Total joke to more than double the advertised clubcard rate, Reviewed on: 28th June 2023

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