Rating based on 32 reviews

Tesco Bank Car Loan

  • Car loans up to £25,000
  • Low-interest starting from 2.9%
  • Repayment up to 3 years

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Tesco Bank homepage
Author Tesco Bank. Screenshot of Tesco Bank website.
[Accessed March 25, 2020]

About Tesco Bank

At Tesco Bank, we’ve always done things a little differently. Our commitment has always been to make sure we listen to what you want and do our very best to make it happen.

We hope you’ll be pleasantly surprised at how simple things can be at Tesco Bank, as we’re all working to make banking easier. Everyone who works at Tesco Bank is committed to making banking more streamlined and innovative.

We listen to your needs

We know our clients want their banking experience to be easier and faster. We hear you and are continuously working to take the complications out of everyday banking. Whether you’re using our everyday banking services, making an enquiry, investing your money, applying for a loan or running your business we are committed to making the process as easy for you as possible.

Our staff are as important to us as you are

At Tesco Bank, we embrace diversity and encourage flexible work practices. Our people are important to us and we strive to make the entire banking process an enjoyable experience for everyone, colleagues and clients alike. We have a responsibility to manage the business for the maximum benefit of our customers while adopting the highest standard of integrity; to offer the widest possible range of financial services that are responsive to everyone’s needs; and to adopt an objective attitude towards change and innovation, improving service quality and operating efficiency in our institution.

Apply for vehicle finance from Tesco Bank

If you're looking for a car loan - visit our website to find out about our affordable, low-rate and flexible auto loans.

Tesco Bank Services

Control comes from understanding what you're looking for, what your options are and what best suits your financial circumstances.

A Tesco Bank car loan provides you simply with all that - alongside complete straightforwardness in the application process and support to guide you along if you require it.

A Car Loan where low rates come standard

Nowadays, with gas and maintenance costs so high, one of the greatest costs can be your set of wheels.

Tesco Bank offers car loans at some of the most competitive rates on the market. We simply continue to offer incredible auto loan rates that different banks simply can't compete with on both new and used vehicles.

We can finance you

Tesco Bank offers incredible utilized and new car loans on pretty much every sort of transportation you could ever require from boats to sports car and vans - we can help you secure the finance you need.

What's more, our rates are incredibly low, too. Yet an alternate motivation to say farewell to the bothers in getting finance for your coveted vehicle, and hi to Tesco Bank.

Apply for vehicle finance

If you're looking to save money on both interest and fees than a Tesco Bank auto loan is right for you. Whether you’re talking to one of our consultants, using our banking services or simply cashing in your saved pennies, we’re working hard to make sure the process is as positive and easy as possible.

Tesco Bank – Car loan

  • Loan Type Car loans
  • Interest Rate from 2.9%
  • Loan Amount up to £25,000
  • Repayment 1 year to 3 years

Benefits of Tesco Bank

  • Affordable vehicle finance
  • Receive an instant loan decision
  • You can apply for a repayment holiday
  • You can settle your loan early

Car loan calculator

The interest rate of a loan will vary based on your credit score and risk profile.
This loan calculator is for illustration purposes only.
The use of this quick loans calculator is subject to our terms of use.

Tesco Bank has affordable and reliable car loans

Perhaps you’re looking to buy your very first vehicle or maybe you're looking to trade your old one in for a new, more reliable one.

Whether you’re looking for a new or used vehicle, Tesco Bank can provide you with an affordable and manageable car loan in the form of a conventional personal loan.

Quick personal loans

We offer personal loans that function as affordable car loans of up to £35,000 depending on your credit score, history and personal risk assessment profile. Although we do not provide Hire Purchase Plans (HP), Personal Contract Hire (PCH) or Personal Contract Purchase (PCP) options our personal loans are not only more affordable but will ensure you're the legal owner of your vehicle from day one and that you can sell it, should you wish to do so.

Get an affordable loan at Tesco Bank

We offer car loans of between £1000 and £35,000, which is a very convenient bracket for most types of vehicles. Our car loans carry a Representative Annual Percentage Rate of 8.9% and a loan term of between 12 months and 10 years. Our flexible loan terms allow you to mould the car loan to suit your income and budget, even if you're expenses are quite significant or if you have a low monthly income. This allows you to select vehicle finance and repayment term that suits your income, the type of vehicle you're after and your lifestyle.

Requirements for a Tesco Bank loan

To be eligible for a personal or car loan with Tesco Bank you must be over the age of 18, have a regular income, be a UK resident and have a UK current account. We will also request your permission to run a credit check which will help us determine if you can afford the car loan. If you're ready to apply for a car loan with Tesco Bank, simply visit our website and use our loan calculator to get an idea of what you can afford. You must have proof of income after Tax, complete details of all your existing debts including all credit and store cards and proof of address as well as your employer's details.

Customer Reviews & Testimonials

August 2019

Tesco is different from the other banks that you have encountered; they treat you like family. They are there to make sure that all of your needs are satisfied and will do anything in their power...

Susan G
— Leicester —

May 2019

If you have a vehicle in mind – new or used – Tesco can help you to finance. Complete their online application to get the ball rolling and hear from them on the same day. Efficient is all that th...

Rachel W
— Blackpool —

Tesco Bank Contact

Physical Address

Postal Address

  • Tesco Bank Loan Operations, PO Box 27014, Broadway One , Glasgow, G2 9FE, United Kingdom

Opening Hours

  • not available