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Tesco Bank: Loan reviews

Name: Loan
Rating: 3.45 (74 reviews)

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2.94

Based on 74 reviews, last reviewed 4th Oct 2024

No new 5 star reviews

in the past 90 days

100% decrease in 1 star reviews

in the past 90 days

51%

11%

34%

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

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, ... Read more Reviewed on: 12th August 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 (74)

Loan

Quick and friendly service. Low % of interest . The credit search will affect your credit score though. Rest of my experience with Tesco bank was great. Reviewed on: 30th May 2017

Great

Great experience, really helpful good customer service. Quick decision so fast payout Reviewed on: 24th May 2017

Rip-off Pet Insurance Renewals

Paid into my insurance policy for a long time - wasn't a great one as it only covered conditions up to £4k and it cost quite a bit to do that. Claimed about £4k last year for my dog's lymphoma. Just had the renewal through - gone up from £160 (which was too much) to a whacking rip off amount of £287.00. Absolute con for a low quality policy. My dog is now uninsured and as he's 10 no-one will cover him. Avoid - might look good at the start but once you've claimed, you're trapped as the price is hiked but you can't leave or the condition isn't covered... Will never, ever use Tesco again. Reviewed on: 23rd May 2017

Easy process

I took out a loan with Tesco Bank last year and was surprised at how easy the process was. I completed an application on line and had confirmation email that it had been received. I was kept up to date with the process and received the payment into my chosen bank account in a very quick turnaround time. Would definately recommend if anyone is looking for a short term loan. Reviewed on: 21st May 2017

Best personal loan provider

I was looking for a personal loan to cover for some additional house extension work.I didn't go for a home improvement loan as the personal loan appeared cheaper and dearer. I used Money supermarket website to shop for a lender. And Tesco was then offering the best rate . I rang them up and from there I got the credit in couple of days' time. There were no hassles of any additional processes or documents and they asked only the bare minimum identity documents like passport etc. The customer support was amazing too. Reviewed on: 20th May 2017

Requesting feedback despite declining loan

I applied for a loan which was declined. I don't have an issue with the decision, but I do object to receiving repeated email requests to leave feedback........ Reviewed on: 19th May 2017

Best APR

At the time when we were looking for a loan we found that Tesco Bank offered the lowest APR for a £15k loan over 7 years. The repayment provisions were the most favourable and Tesco got back to us extremely quickly with a positive answer. Would recommend. Reviewed on: 5th May 2017

Straight forward, Painless and Fair

I searched around for a good rate and Tesco's came out top, the application process was straight forward and completed online. Once approved, which was reasonably quick, the paperwork was promptly sent through and when signed and copies of statements provided the money was in my account promptly. Overall, the experience was reasonable quick, quite painless and I believe I got a fair rate - happy customer. Reviewed on: 2nd May 2017

Quick easy

I applied for a personal loan with Tesco last year, I found the whole process quick and easy, the customer service was excellent, I was given all the information i needed to make my decision. Would definitely recommend Tesco bank Reviewed on: 2nd May 2017

Quick, efficient and fantastic interest rate.

Second time I have used Tesco for a loan and both times have been excellent in terms of speed, customer service and interest rates. They met all my expectations, the loan was in my account within 3 days of applying and the whole application process took less than 5 minutes. Reviewed on: 1st May 2017

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