Rating based on 6 reviews

Tesco Bank

Updated
  • Short-term loans up to £35,000
  • Low-interest starting from 2.8%
  • Repayment up to 10 years

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Tesco Bank homepage
Author Tesco Bank. Screenshot of Tesco Bank website.
[Accessed May 16, 2023]

About Tesco Bank

Access the money you need upfront and spread the cost of paying it back over a few installments.

This way it is easy for you to afford that once-in-a-lifetime holiday, painting that kitchen, paying that bill of fixing that car. Tesco Bank is a financial services provider to the people of the UK and has been in the industry since 1997.

They have been helping people save money, protect their lives and livelihoods with sufficient insurance, easily manage their money with their everyday banking solutions as well as assisting with a variety of different loans including short-term loans between £1,000 and £35,000. You can apply online if you are a UK resident and over 18 for an instant decision as they deliver straightforward, simple, and fast short-term loans.

Get short-term loans online – fast

Need a short-term loan? Spend the money on the things you need without having to provide any of your assets as collateral as they offer unsecured loans. The great part is that your interest rate will be fixed for the term of the loan and you can specify exactly how much you need, down to the pound.

They will calculate the interest for the term of the loan and add it to the loan amount, before you agree to the loan so that you can confidently accept the loan, knowing exactly what you will be paying. Enjoy the option of paying off your loan earlier and saving on interest.

Tesco Bank Services

Get a short-term loan that is typically paid off within one to two years, and between £1,000 and £7,500, but with Tesco Bank you can borrow more over a longer period if required.

The max amount you can borrow is £35,000 and can be paid off over a max of 10 years. This loan can be used for whatever purpose you need it for, a fishing trip, a wedding dress, an overdue bill, a car repair, etc. 

Insurance – get peace of mind 

  • Car insurance for accidents, damage, theft, fire, floods, etc.
  • Home insurance against acts of nature, damage, or loss.
  • Pet insurance for when your fur baby gets sick or dies.
  • Travel insurance to cover your expensive outdoor gear, camera, etc 

Enjoy 0% interest when you work smart

Access a range of the very best credit cards in the market that will allow you to manage your money easily and cleverly. Choose the interest-free credit card that suits you best and remember if you pay the money back in a certain period you don’t have to pay any interest on the amount borrowed. This can be a great feature to use as backup cash.

Tesco Bank – Short-term loan

  • Loan Type Short-term loans
  • Interest Rate from 2.8%
  • Loan Amount up to £35,000
  • Repayment 1 year to 10 years

Benefits of Tesco Bank

  • Instant decision when you apply online
  • Fixed interest rates
  • Early loan settlement options

Short-term loan calculator

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The interest rate of a loan will vary based on your credit score and risk profile.
This short-term loan calculator is for illustration purposes only.
The use of this loan calculator is subject to our terms of use.

Tesco Bank has exactly what you need

Easily manage your day-to-day finances by using one of their current accounts. Enjoy great features and self-help tools.

Get a short-term loan in four easy steps:

One: Apply for a loan online by answering a few questions.

Two: They will then assess your profile and provide you with an immediate decision.

Three: If they approve your loan, you can digitally sign the agreement and choose which day of the month they can deduct your fixed monthly payment.

Four: Once finalized you can receive the funds into your account on the next day. 

Information you might have to provide: 

  • Proof of ID.
  • Proof of address.
  • Income and expenses.
  • Bank statements.

To be eligible:

  • You have an income.
  • Be a permanent resident.
  • Be 18+

Benefits of getting a short-term loan with Tesco Bank

  • Get an immediate decision.
  • 100% online application process.
  • Quick approvals.
  • Simple, straightforward loans.
  • Fixed rates that are included in the loan amount.
  • Options to repay your loan early.
  • Choose the exact amount you need.
  • Unsecured online short-term loans with affordable repayments.

Customer Reviews & Testimonials

October 2020

No need for piles of paperwork as they have a simple online application where you can get an instant answer, without stressful processes.

Evans G
— Oxford —

May 2020

I love the fact that my rates are calculated before I take out the loan and it is fixed and included in my loan amount, making it easy to repay.

Lewis L
— Cardiff —

June 2020

This Tesco Bank I got exactly what I needed, nothing more and nothing less. A great service!

Bell I
— Cambridge —

Tesco Bank Contact

Physical Address


Postal Address

  • Tesco Bank Loan Operations, PO Box 27014, Broadway One, Glasgow, G2 9FE, United Kingdom

Opening Hours

  • Monday Open – 24 Hours
  • Tuesday Open – 24 Hours
  • Wednesday Open – 24 Hours
  • Thursday Open – 24 Hours
  • Friday Open – 24 Hours
  • Saturday Open – 24 Hours
  • Sunday Open – 24 Hours