Rating based on 85 reviews

Tesco Bank


  • Unsecured loans up to £25,000
  • Low-interest starting from 13.5%
  • Repayment up to 7 years

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Tesco Bank homepage

Author Tesco Bank. Screenshot of Tesco Bank website. [Accessed April 2, 2020]

About Tesco Bank

Tesco Bank is a retail bank that was formed in July of 1997 and became wholly-owned in 2008 when Tesco Bank separated from The Royal Bank of Scotland.

Since we have taken the reins of our company, we have grown to be one of the largest supermarket banks in the UK, and we are always doing what we can to grow better and provide a more well-rounded service for all of our loyal customers.

At Tesco, we offer the very best

We offer everything a quality service to our discerning customers including current accounts, mortgages, credit cards, loans, savings accounts, insurance and foreign currency exchange. We’ve had these services readily available for you since 1998, and we plan to continue to provide both friendly and effective service for the rest of the foreseeable future, if not for always.

What Tesco can bring to the table

We offer secure and diligent service, in everything we do for our customers. We serve more than 5 million return customers, from helping them get a special gift for someone they care about, insuring their pets, or travelling to a dream destination. We really care about our customers, and the communities our banks and supermarkets are found in. We make sure to donate to charities such as the elderly and homeless communities.

Tesco Bank Services

We were previously owned in part by RBS, better known as The Royal Bank of Scotland, who was our father company back in 1997 upon our founding.

The Royal Bank of Scotland processed all financial transactions made through us, as they had a few centuries more experience than we did, of course. Later, in 2008, Tesco Stores announced that they would be buying out RBS’s 950 million pound share.

And so, Tesco Bank’s journey began

Taking over control of the banking side of our company, we felt this was best to ensure that our employees were constantly striving to do better by the company and by the customer, of course. This way we were using our newfound knowledge of banking to supply our clients and customers with the best prices, cheapest rates and the finest service a bank could offer.

Our mission

This is all relevant to our mission, the mission of Tesco Bank as a whole. We aim to pass the savings on to you, the customer, ad bring the convenience of banking right to your doorstep at any of the Tesco branches that embellish towns and villages across the nation.

Tesco Bank – Unsecured loans

  • Loan Type Unsecured loans
  • Interest Rate from 13.5%
  • Loan Amount up to £25,000
  • Repayment 1 year to 7 years

Benefits of Tesco Bank

  • Receive a decision on your loan in an instant when you apply online
  • You can apply for a repayment holiday
  • You can settle your loan early



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 Online loan calculator is subject to our terms of use.

Tesco Bank – Bringing easy finance to you

Many people ask if Tesco Bank offers loans to those among the populace with poor or plain bad credit scores.

The answer is: Of course. We feel that n citizen should be excluded from our service, and we do what we can to help those people get the finance they need while using that opportunity to build up their credit score to that of a normal, acceptable level.

Never struggle to acquire finance again

Bigger, more traditional banks often turn away the bank user with a bad credit score, but we’ll overlook that for you. After some basic credit checks and a little background search, we’ll fix you up a loan that should fit comfortably into your repayment budget and also the needs of your pocket.

Unsecured loans and bad credit loans

We believe everyone should have equal access to our financial services, even if they have a bad credit score or difficult to squash debt. We help you avoid falling further into debt and in so doing, help you secure your financial future. Debt consolidation and bad credit loans are two options we offer to our loyal customers to put you back on track and help you work towards a brighter tomorrow. It can even be as easy as applying from home, with our mobile app, our online services or our helpful call centre. Get in touch and let us help you, today!

Customer Reviews & Testimonials

May 2019

Without Tesco Bank, I don’t know where I would have been with my finances. Thank you so much for changing things around for me.

Noah C
— Bath —

August 2019

Applying for the Tesco Bank loan was fast, simple and convenient.

William P
— Bristol —

Tesco Bank Contact

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