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Tesco Bank: Personal loan reviews

Name: Personal loan
Rating: 4.00 (83 reviews)

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4.00

Based on 83 reviews, last reviewed 10th Jun 2026

300% increase in 5 star reviews

in the past 90 days

No new 1 star reviews

in the past 90 days

52%

11%

33%

Latest highest rating:

4

Made it easy to get a loan, although rates could be... Made it easy to get a loan, although rates could be better. Reviewed on: 10th June 2026

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.

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Tesco Bank Personal loan reviews (83)

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

Great!

We have had 3 loans over the years from Tesco Bank. Each time their service has been really fast and efficient, and all documentation we receive has been easy to understand. I would highly recommend them. Reviewed on: 6th April 2017

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