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Tesco Bank: Personal loan reviews

Name: Personal loan
Rating: 3.42 (78 reviews)

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3.11

Based on 78 reviews, last reviewed 4th Dec 2025

No new 5 star reviews

in the past 90 days

100% increase in 1 star reviews

in the past 90 days

51%

10%

35%

Latest highest rating:

5

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

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.

Tesco Bank Personal loan reviews (78)

Review of the Tesco Bank, Personal loan:

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

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

easy application process

easy to use website quick and efficient processing of application Reviewed on: 8th January 2019

Never gave me an answer!!

I applied to tesco bank over 3 weeks ago online, my credit rating is good so thought there would be no problem, 3 weeks later and a phone call which i was on hold for 11 mins i have found out its be declined! Im looking ino it through experian, but the point is no letter or phone call or email. Very bad customer service Reviewed on: 9th August 2018

Trustworthy

I have a loan with them as well as savings, and find them very easy to use, great online access making it easy to keep track of balances Reviewed on: 9th February 2018

Stunning

10000 pound un 4 days 2% interest best loan anywhere Reviewed on: 7th January 2018

Excellent service

Easy to use. Quick for response. Good rates. Reviewed on: 7th January 2018

Loan

Easy and affordable. Effortless application and a fair repayment plan Reviewed on: 29th June 2017

review

quick and no sneaky advertised Representative rate different from the rate on offer. unlike the Nationwide Reviewed on: 22nd June 2017

Super

For long term loan this is the best option. Try them to find out how good they are. Reviewed on: 19th June 2017

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