A large personal loan could help you access funds for up-front payments needed for planned things like a wedding, a world-trip of a lifetime or big home improvement projects. Large loans let you access the cash you require and make set monthly repayments over a period of time.
Enter your Clubcard number when you apply and if you're accepted you'll get a better rate.
Taking out a personal loan is an ongoing commitment so make sure you think about how the loan repayments will work with your future plans.
Find out more about our large loans below or by visiting our personal loans page.
A large loan could give you the lump sum you need and allows you to pay back the full cost of your loan in instalments over an agreed period of time. This spreads the cost to a figure you feel comfortable paying each month.
Planning a big renovation project? A large loan could help you to finally get your dream kitchen or make space for yourself with a home extension. You’ll be in control of how much you apply to borrow, and the repayment period, so you can kick start your long-awaited house improvements knowing what you’ll be paying back each month.
If you’re planning a wedding, or a once in a lifetime trip, a large loan could help you to realise those plans. You could make big things happen, especially with large loans that offer fixed monthly payments. Remember though, you should only borrow the amount you need. Find out more about the large loans we offer our customers.
A loan gives you the money you need upfront and lets you spread the cost of paying it back. So whether it's a special holiday, a car or a new kitchen, a personal loan can make it more affordable.
Loans are available to UK residents aged 18 and over. Rates will vary depending on loan amount, term and individual circumstances. Subject to status. The maximum APR you could receive is 34.5% APR.
Tesco Bank Loans: PO Box 27014, Glasgow, G2 9FE.
This means that if we decide to lend you money, it won't be secured on your home, car or other assets. You can then spend this money on the things you need.
You can apply for a loan term from 12 to 120 months depending on the loan amount and purpose. Just remember that the maximum repayment period might be lower for certain loan purposes.
We offer loans to cover costs big and small and you can be specific about the amount you need, down to the pound.
The interest rate is fixed for the life of the loan.
At the beginning of the loan we work out the interest you will pay over the whole length of your loan and add this to your loan amount. We calculate your interest charge by applying interest at a monthly rate based on the APR to the balance of your loan, as reduced by your monthly repayments. We add this to the loan amount and then divide this total by the number of monthly repayments.
The loans calculator will give you an example of what it might cost you based on the loan amount and term you want. However, the interest rate we offer may be higher depending on your individual circumstances.
Barclays will continue to use the Tesco Bank brand on all existing Tesco Bank banking products through a long-term strategic partnership with Tesco. If your application is successful, there'll be no immediate changes to how you use and manage your account on a day-to-day basis.
To find out more and view a range of helpful documents just go to tescobank.com/transfer-scheme
If you've been approved, you'll receive some important documents within five days, which you'll need to check, sign and return to us.
If you apply online, you’ll get an immediate decision and, if eligible, can digitally sign your loan agreement with us. We’ll then use Faster Payments to send the money directly to your bank account.
Once we're happy with the information you've sent, we'll fully approve your loan and pay the money into your bank account.
Sometimes it can really take the pressure off if you don’t have to start repaying your loan straight away, especially if you’ve got extra expenses to cover.
So when you apply for a loan, you might be eligible to apply for a payment break before starting your monthly loan repayments.
Your payment is made by monthly Direct Debit from the account the loan is paid into. Your first payment will be made one month after issue of the loan on the date you have chosen in your application, unless you apply for an initial payment break.
All Tesco Bank Loans are fixed rate. This means your monthly Direct Debit payments will be the same every month until your loan is paid off. Nice and simple.
We'll charge £12 each time a loan payment is late and £12 when a default notice is issued.
Yes, you can do this at any time at no extra cost. It may help pay off your loan faster, reducing the amount of interest you pay which would save you money overall. You can learn all about what this means for your loan on our page about additional payments.
You can do this at any time which could save you money on interest charges. Remember to factor in a two-month interest fee when you settle early though. For more on early settlement figures visit our page on paying your loan off early.
We'll carry out a credit reference search when you apply for a loan and a credit score will be calculated based on the information you enter and your credit reference information. This will help us make a decision on whether or not we're able to lend to you. We'll then let you know the decision and what the status of your application is.
Our loans are provided by Tesco Bank, PO Box 27014, Glasgow, G2 9FE.
The APR is the total cost of borrowing, as a percentage of the amount you owe, over a year. The APR is calculated from the annual rate of interest plus any upfront fees. It gives you a way to compare the cost of different loan and credit offers.
The annual rate of interest is the amount of interest that will be charged on your loan, as a percentage of the amount you owe, over a year.
Find out more about some of the loan amounts available.
Need a few questions answered? Our UK-based teams are here to talk to you seven days a week. Lines are open Monday to Friday, 8am-8pm, and Saturday to Sunday, 9am to 5pm.
