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Tesco Bank: Personal loan reviews

Name: Personal loan
Rating: 3.42 (78 reviews)

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3.14

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:

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

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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