Tesco Personal Loans Reviews

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★★★☆☆
3.2 / 5
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Tesco Personal Loans
Tesco Personal Loans
Tesco Personal Loans
Tesco Personal Loans

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Latest Reviews

★★★★★

“Fast & Great loan rates”

Written on: 03/04/2017

Applied for a tesco loan and got accepted in principle but had to sign and send one months bank statement. Sent the documents off on Friday and got a text Monday afternoon to let me know the loan had been approved and was transferred into my account. Couldn't rate tesco bank enough, so quick and the process was very smooth! The interest rates are great too. The customer service was great and was always friendly when I called to check on the progress. Would definitely recommend to anyone needing… Read Full Review

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★★★★★

“VERY QUICK SERVICE”

Written on: 25/03/2017 by Kameronq192 (1 review written)

Applied Friday evening got to the end and loan approved signed loan doc on line informed me they will carry out some more checks and money should be in account with in 24hrs by 1pm sat cash was funded to my account.. I couldn't fault tescos loans from start to finish I was also accepted on the headline rate...... that's after getting the run around from sainsburys for 4 days to be declined (duh)… Read Full Review

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★★★★★

“First class service!”

Written on: 15/03/2017 by lalaland (2 reviews written)

Applied for a loan on a Friday afternoon, after completing it they said they needed to check some details and I would hear in 48 hours. At this point I wasn't hopeful but I recieved text Saturday stating loan approved! Agreement arrived on Tuesday, signed and sent back same day, no other documents needed. Boom - money in account by Wednesday lunchtime. I didn't get the advertised rate, though I wasn't expecting to due to a very small (100) 3 year old default on my credit file. The rate I did… Read Full Review

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★★★★★

“No Complaints Whatsoever”

Written on: 24/01/2017 by thinkitthrough1984 (1 review written)

So I applied for the loan of £12500 with Tesco Bank expecting to get something close to/slightly higher than the advertised rate. However I was pleasantly surprised to get the advertised rate (3.3%). I made the application online and my loan was approved in principle. They sent the paperwork the very next day of the application. I was to return the signed documents back along with additional proof of my residence permit (which I provided. They need certified copy which is a bit tedious I must… Read Full Review

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★★★★★

“Tesco personal loan”

Written on: 16/01/2017 by Northei52 (1 review written)

Applied for £7500 on Sunday afternoon. Accepted straight away, signed agreement online and money was in my account at 2pm Monday. Great fast service. Only down side poor communication no email confirmation just a txt when money was transferred to my account and got a good rate of 7.3%. Should add I am not an existing customer but have had 2 Tesco credit cards which were paid off and closed prior to my loan application… Read Full Review

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★☆☆☆☆

“Avoid Tesco loan if you are in a hurry!”

Written on: 15/11/2016 by Georgia146 (1 review written)

Customer service is ok - sometimes long waiting! People are ok/friendly. Tesco bank simply doesn't have enough employees to deal with the amount of customers! The process is too slow - take too long for credit check and need to send the documents back by post! Oh my god. I just found out that the process was so slow. If I knew it earlier, I would definitely avoid it. It only took me one day to take out £10000 with HSBC, but with Tesco, you are talking about one month. Avoid at all cost in… Read Full Review

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★☆☆☆☆

“Avoid Tesco loan if you are in a hurry!”

Written on: 15/11/2016 by Georgia146 (1 review written)

Customer service is ok - sometimes long waiting! People are ok/friendly. Tesco bank simply doesn't have enough employees to deal with the amount of customers! The process is too slow - take too long for credit check and need to send the documents back by post! Oh my god. I just found out that the process was so slow. If I knew it earlier, I would definitely avoid it. It only took me one day to take out £10000 with HSBC, but with Tesco, you are talking about one month. Avoid at all cost in… Read Full Review

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★★★★★

“Im so happy with Tesco Loan,brilian service.”

Written on: 09/10/2016 by nkNorris264 (1 review written)

Apply for loan on friday,recived goods on friday.Well done Tesco loan… Read Full Review

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Marcus811's Comment

Written on: 15/11/2016

Customer service is ok - sometimes long waiting! People are ok/friendly. Tesco bank simply doesn't have enough employees to deal with the amount of customers!

The process is too slow - take too long for credit check and need to send the documents back by post! Oh my god.

I just found out that the process was so slow. If I knew it earlier, I would definitely avoid it. It only took me one day to take out £10000 with HSBC, but with Tesco, you are talking about one month.

Avoid at all cost in the future.

Definitely doesn't recommend it. I regret that I didn't read the reviews before I went to Tesco.

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★★★★★

“Great service and amazingly quick”

Written on: 24/09/2016 by Salvatore341 (1 review written)

I applied for a top up to my existing loan on Thursday pm and after courier delivered and collected signed documents Friday (timed to suit my work commitments) the money is in my account today Saturday am!! Very helpful staff and a very low 3.5% int rate so very happy all round - well done Tesco!! … Read Full Review

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★☆☆☆☆

“Very unhelpful ”

Written on: 23/03/2016 by Leidjames (1 review written)

I've has a load with Tesco for a few years now always paid on time never had a problem until I had an accident at work and was of for a few months, Tesco agreed to help me for a while by lowering the payments, but then as soon as I went back to work they would not allow me to pay pack what I owed over a payment plan but insisted that I paid the £2000 back immediately or they were going to blacklist me even though I hadn't even had a pay check yet and was struggling because I've been out of… Read Full Review

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★★★★★

“Tesco Personal Loan - Excellent Service”

Written on: 24/02/2016 by Morse1970 (1 review written)

I do not normally write reviews but I am so impressed by my experience with Tesco I thought I needed to. I wanted to consolidate some existing borrowing as I have 2 current loans with other providers, I also wanted to have something left over as I am going to Florida in the summer, as Tesco would say, every little helps! So I looked around for a loan of £20,000 and with Tesco I was able to get this over a 10 year period, which works for me. I also wanted to be able to make additional… Read Full Review

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★★★★★

“Tesco Personal Loan”

Written on: 16/01/2016 by Dougherty130 (1 review written)

I don't usually write reviews but we applied for £8500 online. We were approved and received a rate of 3.6% the next day. Signed the agreement and sent it back on a Friday morning. The money was in my account by midday the next day. First class service by tesco. We know have our mortgage and car insurance with them too!… Read Full Review

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★★★★★

“first class service at 3.6%. money in account in 6 days!”

Written on: 24/12/2015

I applied for £9000 over 4 yrs on 19th Dec. I was accepted straight away at a rate of 3.6%. Total interest is £665. Paperwork received on 23rd Dec, I signed it and sent it back by special delivery. The money was lodged into my account on Christmas Eve. Brilliant service. I'm a Tesco Credit Card holder with excellent credit rating. Didn't need any more info or bank statements etc. Would highly recommend… Read Full Review

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★★★★★

“Best service ever ”

Written on: 04/11/2015 by KeiraBishop377 (1 review written)

I can't understand why tesco receive such negative comments and wonder if most is a case of you get treated how you treat others, any way moving it along I'm a clubcard holder since tesco began, I then took out car insurance , followed by current account and credit card, now I won't say it went without hitches because it did not on each one I encountered 1 problem each, however there fb and twitter pages are fab and staff sorted it for me, even there customer service phone line is helpful and… Read Full Review

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★★★☆☆

“Stuck in the dark ages”

Written on: 15/08/2015 by djpreston (2 reviews written)

The rates may be attractive but their processes and procedures are out of the dark ages. Applied for a loan. Approved: "Documents will be sent out from our printers, please sign and return" Why not email populated documents to the email address on the application that you have just checked? "We can't do that." Why not use electronic signatures? "We can't do that" Sigh.... Why not send royal mail guaranteed overnight rather than charge £50 for a courier? "We can't do that". Wait… Read Full Review

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★★★★★

“FANTASTIC AND SUPER QUICK 10/10”

Written on: 13/08/2015

WELL WHAT CAN I SAY applied on Monday and received the application on Wednesday and sent it back the same day and Tesco bank received it Thursday morning and money in my bank by 2pm the same day. That's what you call a top service and interest A.p.r over 10 years is by far the best. Thank you Tesco bank for such a fantastic service . Please ignore the bad reviews as it a load of nonsense… Read Full Review

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Amjems's Comment

Written on: 08/04/2016

Which bank you have account with and what is your credit score ?

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★★☆☆☆

“slow service”

Written on: 30/07/2015 by Corcoran416 (1 review written)

We applied for a loan on 16th July via internet and were accepted, then received a text on 23rd July to say good news, your loan has been approved subject to some final checks, please sign and return the paperwork. The same text came through again on the 30th July. But with no sign of any paperwork. In the end I cancelled the application as I really could not wait much longer. Also beware they charge 28 days interest before you even start to repay the loan. It would have helped to know how… Read Full Review

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★☆☆☆☆

“Loan customer for 5 years rate quoted twice that of others”

Written on: 10/07/2015 by ybot1983 (3 reviews written)

10k Loan customer for 5 years after loan was coming to the end. I rang the existing loan line for a quote, usual BS about 3.9 %, real quote 9%. They sent paperwork. Out of curiosity applied to Sainsbury online not phone, same amount, quoted 5% with record as new customer. As these companies use computers rather than people, they have no loyalty so the customers dont. Also they didnt even chase for the paperwork when i didnt send it back, so they failed twice… Read Full Review

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★★★★★

“Really quick service”

Written on: 29/06/2015 by Reynoldsbf105 (1 review written)

Applied for a loan on Tuesday 23rd june and was accepted straight away online. Recieved paperwork through in the post on Friday the 26th and signed and returned same day registered post. To my suprise on Sunday 28th i checked my bank account and the money was already processed and in my account which i never expected so quick. Excellent service by tesco bank and everything they had quoted ie interest rates and monthly payments, were exactlt what they had been advised when i applied online… Read Full Review

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★☆☆☆☆

“UNFAIR”

Written on: 12/06/2015 by AGA24 (1 review written)

APLICATION RALLY FAST PAS BUT....I WANTED TO BAROW 8000 FOR 2 YEARS (I DO USED THEIR CALCULATOR ) AND THE CALCULATOR SHOW ME-3,8PROCENT IT WAS 346.45 WHEN I FEELED APLICATION FORM THEY CHANGE FOR 11PROCENT WHERE IS DIFFERENCE BECOUSE AMOUNT IS 370,93 SO IT IS 24,48 EVERY MONTH.I CALLED THEM BUT THEY SAID IT IS THE HIGHEST AMOUNT. I THINK IS UNFAIR AND THEY SHOULD CHANGE THIS . WHEN THEY GIVE YOU CALCULATOR YOU SHOULD HAVE PROPLY AMOUNT WHAT YOU CAN PAY BACK. THANK YOU… Read Full Review

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Dfkfkfkgmfmvfv's Response to AGA24's Review

Written on: 04/02/2016

Not as unfair as your grammar. It's appalling.

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