Tesco Loans

We are one of the UK's leading suppliers of short-term loans and financial products such as credit cards, home loans, and car loans.

Tesco Bank does not offer personal loans to people with bad credit however, if your credit score is below our required threshold we will not be able to help you. Apply for a Tesco Bank Loan today. It's affordable and will have your finances back on track in no time.

Tesco Bank achieves greatness:

• sustainable business practices
• responsible financial services
• employing engaged and skilled people
• community contribution and action
• environmental awareness

Tesco Bank's vision

Our vision is to exceed expectations at securing and upgrading the financial wellbeing of people, organizations, and communities and a key prerequisite to accomplish this is that we keep up the most noteworthy professional approaches and act with respectability and awareness at all times.

Bad credit loans

Bad credit loans are usually a term used to refer to short-term loans that people with poor credit can apply for and be approved for. We do not offer bad credit loans but offer debt consolidation loans and personal loans which you may qualify for. If you've been denied credit by other lenders, we may be able to help you and give you a second opinion.

Bad credit loans are offered by many alternative lenders to people who have got bad credit.

These sorts of loans generally carry higher interest since the lender assumes a greater risk but are amongst the only lines of credit that you may qualify for, so if your credit rating isn't the best then you may need to consider these sorts of loans.

Higher interest rates for bad credit

When you're requesting loans from diverse lenders you'll more than likely see that the interest rates can fluctuate a great deal and, for people with bad credit, they will appear to differ much more.

As mentioned, the interest rate you will be offered will depend directly on your credit score. The worse your credit score the higher the interest and vice versa.

Get your credit back to normal

One thing that numerous people don't understand is that bad credit loans can really enhance your credit rating a ton.

Simply avoid missing any payments on your debts and bills and avoid applying for many loans, especially payday loans) which can affect your credit and you'll be on your way to better credit. This may be an opportunity for you to get your credit rating back to normal.

Need cash for an emergency

An alternate motivation behind why some people turn to these sorts of loans is on account of they need cash direly to pay for something, for example, your power bill on time or, before it gets cut off.