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Tesco Bank: Loan reviews

Name: Loan
Rating: 3.41 (75 reviews)

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2.87

Based on 75 reviews, last reviewed 30th Dec 2024

100% decrease in 5 star reviews

in the past 90 days

50% decrease in 1 star reviews

in the past 90 days

50%

11%

35%

Latest highest rating:

4

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 t... Read more Reviewed on: 4th October 2024

Latest lowest rating:

1

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. Real... Read more Reviewed on: 30th December 2024

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About this product

Tesco Bank personal loan reviews on Smart Money People are honest reviews. If you're trying to determine whether this is the right personal loan for you, reading our Tesco Bank personal loan reviews can help you to find out what other people have to say. Smart Money People launched in October 2014 to help people like you to find the best personal loans. If you have used a Tesco Bank personal loan, we'd love you to write a quick review too.

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Tesco Bank Loan reviews (75)

One to avoid

Terrible service from Tesco loans and especially their customer services department. Very slow to respond by letter if they respond at all. Passed from pillar to post on the phones. Reviewed on: 16th May 2021

Straightforward loan

Applied for a loan, got an instant decision and money in around a week. Competitive rate and excellent customer service. Thank you, Tesco! Reviewed on: 14th October 2020

Excellent Product

Tesco loan is straightforward to set up and approved quickly. Excellent Customer Service received in all aspects of communication with Tesco. Reviewed on: 20th September 2020

Cheap as chips

Been able to pay for my new kitchen and bathroom with one affordable payment every month and the statements couldn't be clearer. Even 2 years later I checked to see if there was a better deal and there wasn't. Reviewed on: 9th July 2020

Great rates and amazing customer service

The rates are great and Tesco Bank customer service are brilliant. Even during the current crisis they sorted a 3 month payment break with ease and I found them SUPER organised. Reviewed on: 9th July 2020

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

Loan application experience

My experience I would like to say I am so impressed with the service I have received from Tesco bank throughout the process of borrowing £16000 to purchase car. I found it very easy to apply and the speed of response has been exceptional along with the very pleasant and professional lady who texted me to call when I had spelt my address incorrectly in the application. Full process with money in the bank account in less than a week Superb! Thank you very much Gordon Reviewed on: 6th September 2019

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

Customer services

Very good customer services. Quick response when made application. Very satisfied with T & C. Reviewed on: 5th February 2019

Happy customer

I’m happy that I chose Tesco bank to satisfy my needs! Thank you! Reviewed on: 29th January 2019

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