Tesco Personal Loans Reviews

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★★★☆☆
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Media Gallery for Tesco Personal Loans

Tesco Personal Loans
Tesco Personal Loans
Tesco Personal Loans
Tesco Personal Loans

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Latest Reviews

★★★★★

“fast even when self empolyed”

Written on: 18/05/2015 by Rolandz1947 (1 review written)

Really happy with Tesco loans, they answer the phone right away and always friendly and helpful. Applied over the phone as im self employed was refereed to under writers for this reason. Had a call the next day to say was approved in principle and that i would need 3 months bank statements. Papers came 3 days later signed and returned same day. Money was sent over 2 days later without any more requests for information or problems. Very good service and good rate offered for self employed… Read Full Review

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★★☆☆☆

“Book well in advance”

Written on: 11/05/2015 by foxcraft (1 review written)

Don't expect efficiency from this bank. Paid £50 for the Tesco courier in the hope that it might speed things up. 48 hours later no contact from them, despite several phone calls from me. Pointless, might as well relayed on the Royal Mail . So, whilst it has a modern internet website the 1970's customer support undermines it all. I know the rate is low but if you're expecting normal standards of administrative efficiency look elsewhere… Read Full Review

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★★★★★

“Fantastic Service. Would Highly Recommend”

Written on: 08/05/2015 by 367Smith (1 review written)

I don't normally write reviews however considering the negative reviews I felt that I should share my own experience. I applied for a £5,000 loan on Tuesday evening at around 5pm and received a call shortly after confirming I had been approved at the headline rate of 5.7%. I received the loan agreement Thursday morning which I signed and returned straight away (I wasn't asked to send any further documentation in). Got a call today (Friday) confirming paperwork received and the money would be… Read Full Review

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★★★★★

“excellent service tesco”

Written on: 27/04/2015 by ttBlake76 (1 review written)

After reading the reviews I didn't expect much, but no complaints, applied online got we are happy to offer loan and 7 days later had money, took 2 days longer than expected due to my error of entering address wrong but tesco sent nee paperwork straight away and had money in bank on the Sunday 2days after returning new signed documents, very happy with me Tesco! Lol… Read Full Review

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★★★★★

“Great: Service, Application Process, Speedy deposit”

Written on: 27/03/2015 by tgMcCleary80 (1 review written)

As everyone out there, have a bit of Outstanding Balances . Namely, NW 2 credit cards with balances of 1) £280/1200 2) £1370/2500 + Barclaycard 3) £3270/8200 + Catalogues a) £190/1250 b) £220/1050 & Personal Loan £2570/4500 taken almost 3 years ago for a length of 5 years. The above, aside from 2 Mobile Contracts of £23 & £31pcm respectively. Without getting too much into details, you could imagine the average APR on them being between 18-22% PA. Thus, had to look for an alternative… Read Full Review

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★★★★★

“Ab Fab”

Written on: 25/03/2015 by BraydenAllen1976 (1 review written)

Following a rejection from my own bank I was slightly concerned. As a household we earned more than 3 times the requested loan amount. We have open, long standing and well maintained credit cards with nominal balances. Pondering the refusal from my bank I therefore applied for a copy of my credit file from Credit Expert to find my score was 992 and Excellent. I Googled loans and Tesco came top of best buy tables. I therefore applied online and was given an immediate acceotance. I requested the… Read Full Review

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★★★★★

“Tesco what a life saver!”

Written on: 24/03/2015 by brigitab (1 review written)

When after university I had £10k in credit cards debt charging me 34.9% APR I applied for a loan to refinance those and my own bank rejected my application even after I was managing my finances quite well for 6 months and got a rather well paid job. I had no hope as I was continuously paying off something that won't get paid off. I constantly felt under pressure. I started looking for alternative ways to borrow and Tesco Bank came very well reviewed. The process was very easy and… Read Full Review

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★★★★★

“God bless you Tesco”

Written on: 09/03/2015

Speedy even with loan agreed in principle. Money in bank within a week even with normal first class post . Thank you Tesco… Read Full Review

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★★★★★

“Excellent service!”

Written on: 20/02/2015 by KateO1234 (1 review written)

I applied for a loan on-line on 15/2/2015 which didn't take long to complete. Following the submission of my loan application I was informed that the loan was now complete and the good news was that they could offer me a loan at the rate offered at 4.1%. I opted for the courier service and Tesco rang on 16/2/2015 and arranged for the courier to bring the documentation for me to sign on 17/02/2015. The courier arrived as promised and took the signed documentation with them. To my surprise I… Read Full Review

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★★★★★

“Pleasantly suprised”

Written on: 16/02/2015 by Ljaycarter (1 review written)

After seeing the interest rates had lowered I looked at transferring my current 12% apr loan to cut costs and came across this one for tesco for 4.1% apr. With nothing to lose and a potential saving of over £3,000 I decided to apply for a £14,500 loan to repay my old one. The application process was very quick and easy and took around 5 minutes to complete. I was a bit disappointed when after the home page promised an instant decision that I was informed that my loan had been passed to the… Read Full Review

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★★★★★

“Tesco give you a chance ”

Written on: 05/02/2015 by DominikMarshall (1 review written)

After applying for a loan at lots of different high street banks, I was rejected by all but two - my own bank who offerred me a rediculous APR of 26.6%, and then Tesco, who offered me a fair APR of 9.5%. After applying online, Tesco approved my loan in principle. I then had to provide 6 weeks of bank statements. A few days after providing these, an underwriter called me to check what the purpose of my loan was for, and then transferred it - I received it about 30 minutes later. I couln't… Read Full Review

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★★★★★

“Don't believe the negative reviews”

Written on: 25/01/2015 by Wilsonk386 (1 review written)

Applied for a personal loan of £7K on Monday via phone. Excellent customer service and application took approx 20mins. Loan was approved without any further information needed with a good APR of 5.7%. Papers arrived on Wednesday, signed and posted away. Money in my account on Sunday. Can't fault it at all and would recommend. This is second time taking out loan with Tesco and both times been really positively surprised as a lot of negative reviews in different sites… Read Full Review

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★★★★★

“Fast and Easy”

Written on: 20/12/2014 by Zanderd304 (1 review written)

Applied for this loan to consolidate £8,000 of debt. paperwork was received 2 days after applying, returned documents next day (100% worth sending guaranteed 1pm next day delivery signed for to ensure paperwork doesn't get lost - that's £6 with royal mail, NOT the £50 courier service they offer) and they received my paperwork on Saturday and money was paid into my account that day. And that day was a Saturday. It was surprising how fast this happened considering it is also 5 days before… Read Full Review

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★★★★★

“Fantastic service”

Written on: 21/11/2014 by ljDonaldson110 (1 review written)

I would just like to say I couldn't be anymore happier with this service!! Me and my partner needed a loan to consolodate a large amount of debt and after been turned down by our own bank was feeling helpless. I just happened to notice tesco loans online and decided to try 1 more option I'm so please we did. We asked to borrow £25k and was approved straight away but after reading other reviews I was extremely sceptical. We received the documents 2 days later which only needed to be signed no… Read Full Review

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★★★★☆

“Speedy and easy”

Written on: 20/10/2014

Applied for a joint application for a £10.000 online on Sunday night. Approved in principle. I wasn't hopeful we was going to get the loan, as it was such a lot of money. My credit rating was poor as I wasn't on the electoral role (just being updated though) my husbands was fair. The loan is for a car. Well we Received paperwork on Tuesday, asking for 6 weeks worth of bank statements. I sent them off Thursday morning. Checked my bank tonight (mon) and the funds are in my bank. Can't believe… Read Full Review

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★★★★★

“Quick and Friendly Service”

Written on: 13/10/2014 by Mich848 (1 review written)

I have had 2 loans from tesco, one last year and a new one this year. The customer service is the best I have ever experienced! All the staff that I spoke to were helpful, friendly and cared a lot. The application was quick and easy, response quick, even when I did have a referral on my second loan. The staff kept me up to date along the way and then confirmed when the monies had been transferred. I have honestly never experienced such a good customer service anywhere as I have with Tesco… Read Full Review

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★☆☆☆☆

“False advertising! Unfair decisions!”

Written on: 08/10/2014 by Johnmc1878 (1 review written)

I applied for a tesco loan to consolidate my other loan and credit cards due to the low advertised rate of 4.1%. I applied online but was told they needed extra time to consider my application and would be in touch. 4 days later I received my paperwork stating the loan had "been agreed In principal" at a rate of 11.2%!! I know rates are sometimes approved at favourable rates considering credit scores etc so I obtained my credit report. It states my credit score is excellent and I have 0… Read Full Review

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★★☆☆☆

“Had me waiting around for nothing! ”

Written on: 07/10/2014 by Atkinson107 (1 review written)

I applied for a loan with Tesco using their online application. Took me around 20 minutes to fill it in - then within two days I received the documents through the post which stated my loan was approved but that they need some valid documents to prove proof of address and only 4 weeks bank statements (no problem) sent them off two days later. 5 days later I received a letter saying 'returning documents, we will be in contact shortly'. Now still 8 days later still none the wiser and haven't… Read Full Review

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★★★★★

“So happy!!”

Written on: 10/09/2014 by NaomiSellars (1 review written)

I applied online, and got approved straight away. I was told my credit agreement would be with me in 5 days, which it only took 3 days. I read through, signed, and posted them back off the same night. My loan was in my account less than 48 hours after sending them back off. Brilliant rate, I thought it was too good to be true. Ignore the bad reviews, I would recommend to anyone. Now I can go buy my new car :-D… Read Full Review

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★★★★★

“Excellent”

Written on: 21/08/2014 by Emzie89 (1 review written)

Applied for a loan on Monday evening and paid for the courier service that arrived on Wednesday. Received my loan the next day. Excellent customer service. Would highly recommend… Read Full Review

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