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Tesco Bank: Loan reviews

Name: Loan
Rating: 3.38 (76 reviews)

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2.90

Based on 76 reviews, last reviewed 6th Jan 2025

100% decrease in 5 star reviews

in the past 90 days

200% increase in 1 star reviews

in the past 90 days

49%

11%

36%

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

Waste of time / dodged a bullet Waste of time got accepted for a joint loan sent off the requested documents same day few days later been told all looks good checked with her supervi... Read more Reviewed on: 6th January 2025

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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.

Tesco Bank Loan reviews (76)

Review of the Tesco Bank, Loan:

Waste of time / dodged a bullet

Waste of time got accepted for a joint loan sent off the requested documents same day few days later been told all looks good checked with her supervisor with a “fine comb” been accepted and money should be there 24-48 hrs then they ask to call again to send more documents, we sent what was requested the same day we call few days later everything’s all good keep an eye out on a massage that payments processed, nothing, few days later we call and they apologise for the delay at this point they’ve taken so long my application expired and they had to start a new one at this point we have missed all of the Christmas deals for the home improvements we wanted to make, luckily my bank Barclays offered me a loan it took me 2 minutes to apply and the money went into my account instantly barclays offered me an extra £5000 to pay back the exact same amount over the loan period as tesco and better yet it’s only 7 not 10 years, dodged a bullet here got way more cash for a way better deal and it was instant, anyway 0/10 for the service and headaches caused by tesco bank will never use again and will never recommend Reviewed on: 6th January 2025

Loan

quick and friendly service . low interest rate. the credit search will affect your credit score though. Otherwise, the great experience Reviewed on: 30th May 2017

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

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Tesco Bank: Loan reviews

100% decrease in 5 star reviews

200% increase in 1 star reviews

Latest highest rating:

4

Latest lowest rating:

1

About this product

Tesco Bank Loan reviews (76)

Waste of time / dodged a bullet

Loan

Loan

Great

Rip-off Pet Insurance Renewals

Easy process

Best personal loan provider

Requesting feedback despite declining loan

Best APR

Straight forward, Painless and Fair

Quick easy

Do you have a different Tesco Bank product?

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Join Smart Money People

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