Tesco Personal Loans Review

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2.2 stars
Average rating for this product is: 2.2 out of 5

From 0 ratings and 21 reviews

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Guest's Review of Tesco Personal Loans

31st Jul 2009

Overall Rating

2 stars
  • Value for money
    2 stars
  • Speed of Application
    1 stars
  • Loan Rate
    9.9
  • Customer Service
    2 stars

If you fancy a rollercoaster ride type loan application then Tesco Personal Finance is the right place to go.In the first instance they agreed my loan in principle,sent me out all the documents to sign, and requested further documents.I returned all they asked for and more. Almost one week into the appliation process they turned me down purely because I could not provide tax documents for my rental income. It was quite clear to see from bank statements that this was regular money coming in and that I could more than afford the monthly payments.With a vey good credit rating, I was astounded. All in all my experience off applying for a loan with Tesco has been slow, and anxious and one week later I am still without my loan.Tesco..."every Little does not help"!

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NameCredit RatingAPRTypical APRMin Loan AmountMax Loan AmountHome Owner  
Alliance & LeicesterGood8.00%8.00%£7,500.00£14,950.00No
Sainsbury's LoansGood8.00%8.00%£7,500.00£15,000.00No
Nationwide LoansBad7.90%7.90%£7,500.00£14,999.00No