Tesco loan calculator

Use our Tesco loan calculator to get an idea of how much you'd pay back on a fixed-rate, unsecured Tesco personal loan as a new or existing customer. Loan amounts between £3,000 and £35,000 with rates starting from 5.9%.

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Calculate the cost of an Tesco Bank loan

1 - 2 of 2
Product Finder Score Loan amounts Loan terms Repayments
Tesco Bank logo
Finder score
£3,000 - £35,000
1 year - 10 years
£119.37
(£14,324.26 overall)
Representative Example: Representative 7.9% APR fixed. Based on a loan of £10,000 for 120 months at 7.9% p.a. Total £14,324.26 repayable at £119.37 per month.
Representative Example: Representative 6.3% APR fixed. Based on a loan of £10,000 for 60 months at 6.3% p.a. Total £11,634.60 repayable at £193.91 per month.
View details
Tesco Bank logo
Finder score
£3,000 - £35,000
1 year - 10 years
£116.45
(£13,974.22 overall)
Representative Example: Representative 7.3% APR fixed. Based on a loan of £10,000 for 120 months at 7.3% p.a. Total £13,974.22 repayable at £116.45 per month.
Representative Example: Representative 5.9% APR fixed. Based on a loan of £10,000 for 60 months at 5.75% p.a. Total £11,529 repayable at £192.15 per month.
View details
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Finder Score for unsecured loans

To make comparing even easier we came up with the Finder Score. Speed, features and flexibility across 60+ lenders are all weighted and scaled to produce a score out of 10. The higher the score the better the lender – simple.

Read the full methodology
Table: sorted by representative APR, promoted deals first

Please note: You should always refer to your loan agreement for exact repayment amounts as they may vary from our results.

Late repayments can cause you serious money problems. See our debt help guides.

How do M&S loans compare against the competition?

See today's rates from across the personal loan market.

Tesco loan rates at a glance

The Tesco Bank Personal Loan charges 6.3% APR representative on loans between £7,500 and £19,999. Tesco offers the unsecured personal loan with repayment terms between 1 year and 10 years, and applicants can apply to borrow from £3,000 to £35,000.

The Tesco Bank Clubcard Personal Loan charges 5.9% APR representative on loans between £7,500 and £19,999. Tesco offers the unsecured personal loan with repayment terms between 1 year and 10 years, and applicants can apply to borrow from £3,000 to £35,000.

Quick overview of Tesco Bank personal loans

Loan amounts From £3,000 to £35,000
Loan terms From 1 year to 10 years
Age eligibility 18 years and over
Application fee No application fee
Repayment holiday Repayment holiday not permitted

Breakdown by loan

Loan typeUnsecured Personal Loan
Loan amounts£1,000.00 to £35,000.00
Loan terms1 year to 10 years
Loan rate typeFixed
Product fee0%
Same-day funding available
Same-day funding noteYes, for existing loan or credit card customers who have signed through digital signatures.
Instant decisions in most cases
Soft-search facility available
Joint applications
Overpay without penalty
Concurrent loans allowed
Topping-up pays off existing loan and initiates a new loan
Repayment methodsDirect Debit
Loan typeUnsecured Personal Loan
Loan amounts£3,000.00 to £25,000.00
Loan terms1 year to 10 years
Loan rate typeFixed
Product fee0%
Same-day funding available
Same-day funding noteYes, for existing loan or credit card customers who have signed through digital signatures.
Instant decisions in most cases
Soft-search facility available
Joint applications
Overpay without penalty
Concurrent loans allowed
Topping-up pays off existing loan and initiates a new loan
Repayment methodsDirect Debit
Tesco’s personal loans are unsecured, meaning they’re based on creditworthiness, rather than by the use of property, vehicles and other assets as collateral.

While Tesco rates are generally competitive, the representative APR may not be the rate you’ll receive: Tesco will offer you a rate based on an assessment of your personal financial circumstances.

All interest rates are fixed for the duration of your repayment period, however the rate you’re offered will depend on factors including the amount you apply for, the term of the loan, your credit rating and your income. It may differ from the advertised “Representative APR”.

APR and Representative APR explained

The Annual Percentage Rate (APR) is a summary of the yearly cost of a loan. It takes into account both interest and any unavoidable charges you'll need to pay (for example an arrangement/product fee) over the duration of a loan. Because Tesco doesn't charge an arrangement fee, its APR comprises just the interest rate – and so they're one and the same.

However, the vast majority of lenders tailor rates (and therefore APRs) to the individual applicant. If they think you're a riskier bet, they'll offset that by offering you a higher APR. The "representative APR" (as defined by the Financial Conduct Authority) is what Tesco gives to at least 51% of those who take out the loan. The other 49% could pay more. Tesco must calculate APR in the same way as other lenders, and must tell you your personal APR before you sign a loan agreement.

Tesco advertises a representative APR of 6.3% on loans between £7,500 and £19,999 on the Tesco Bank Personal Loan and 5.9% on loans between £7,500 and £19,999 on the Tesco Bank Clubcard Personal Loan.

What are Tesco loans?

As one of the biggest supermarket chains in the world, Tesco also offers unsecured personal loans at some very competitive rates. If you’re a Tesco Clubcard member, you may be eligible for a further discounted rate.

Formerly a joint venture with RBS, Tesco Bank has been a highly competitive provider of fixed-rate loans since the 90s. You’ll usually get an instant decision when you apply online and if you need to, you can apply to take a short temporary break from repayments.

Tesco loan rates at a glance

The Tesco Bank Personal Loan charges 6.3% APR representative on loans between £7,500 and £19,999. Tesco offers the unsecured personal loan with repayment terms between 1 year and 10 years, and applicants can apply to borrow from £3,000 to £35,000.

The Tesco Bank Clubcard Personal Loan charges 5.9% APR representative on loans between £7,500 and £19,999. Tesco offers the unsecured personal loan with repayment terms between 1 year and 10 years, and applicants can apply to borrow from £3,000 to £35,000.

Does Tesco offer secured loans?

No, Tesco Bank does not currently offer secured or homeowner loans, and instead only offers unsecured personal loans. This means that you won’t need to provide a property or asset as security against your loan, but may not benefit from the larger amounts and bad credit rates offered on secured loans.

Do you get Clubcard points for a Tesco loan?

No, you won’t earn any Clubcard points by taking out, or paying off, a Tesco personal loan. However, you can earn Tesco Clubcard points on a Tesco credit card, and your Tesco credit card will actually double as your Clubcard, so there’s no need to swipe both when you checkout.

Can I get a Tesco loan with bad credit?

No, Tesco Bank does not currently offer bad credit loans. If you have a poor credit rating, you’re unlikely to be approved for a Tesco personal loan. If you happen to be approved, you’ll probably be given a high-interest rate and unfavourable loan terms, and may not be able to borrow as much as you wanted. To learn how to improve your credit score, read our guide.

How fast can I get a Tesco loan?

If you apply for a Tesco personal loan online, you’ll receive an instant decision on your loan application. If you sign your loan documents digitally, the money will then be transferred to your account in as little as 2 hours (depending on the outcome of your application).

If you need to sign your loan documents in person, they should be sent to you within five working days. Once you’ve signed and returned them, your loan funds will then be transferred.

Am I eligible for a Tesco personal loan?

You should only apply for a Tesco personal loan if you’re certain you can meet the repayment terms, and you meet the following criteria:

  • You must be aged between 18 and 74. You must be aged under 75 at the end of your loan term.
  • Be in full time employment with no probationary period, or have been self employed for over two years or have a regular income e.g. pension.
  • Have lived in the UK for at least three years.
  • Have a UK based bank or building society account that can pay direct debits.
  • You must not have a history of county court judgements or bankruptcy.

How do I apply?

If you have decided that a Tesco personal loan is right for you, make sure you have the following information handy for your application:

  • Your ID.
  • Your address details for the past three years.
  • Your current income and employment details (payslips and bank statements).

Then simply fill in the application form via their website. Remember that if you apply online you’ll receive a response much quicker.

Tesco Bank customer reviews

In our independent 2025 customer satisfaction survey, 90% of Tesco Bank’s users said they’d recommend the brand to a friend. Customers highlighted the bank’s easy application process and competitive rates. Here’s what some of those Tesco Bank customers had to say:

“Very happy with Tesco – very easy to navigate and use website, and very low % interest rate.”

“Fantastic interest rate. Clubcard points as a bonus. Great service.”

Customer support

For queries regarding personal loans, you can call Tesco on 0345 600 6016. Or alternatively, you can use the chat-box function found on the Tesco Bank website or in the app.

Frequently asked questions

We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you. Most of the data in Finder's comparison tables has the source: Moneyfacts Group PLC. In other cases, Finder has sourced data directly from providers.
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Chris Lilly is Head of publishing at finder.com. He's a specialist in personal finance, from day-to-day banking to investing to borrowing, and is passionate about helping UK consumers make informed decisions about their money. In his spare time Chris likes forcing his kids to exercise more. See full bio

Chris's expertise
Chris has written 564 Finder guides across topics including:
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