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Joint loan - removing a person

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Little helper

Joint loan - removing a person

Hello,
Does anyone know what the requirements are in order to remove one party from an existing joint loan?
Is there a set number of payments that need to be made? Ect.
Thanks
2 REPLIES 2
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Safe hands

Re: Joint loan - removing a person

Hi @Sasd14 

I'm guessing this is a Tesco Loan.
I feel the best course of action would be to speak with Tesco Bank.

Please send Tesco Bank a 'Private Message' for someone to check this out and respond appropriately.

Click on this link @Tesco-Bank  and it will take you to a page, 'About Tesco Bank'.

In the top right of the page click onto 'Send a Message'.

A new page will open up, 'Create New Message'.

Complete it and send your message securely.

Please include your full name, date of birth and postcode along with your loan details.
Hope this helps.
Caz @25H 
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Your Community Expert

Re: Joint loan - removing a person

Hi @Sasd14, the only way to remove a person from an existing loan would be when the loan is settled. The Loan is provided under both names for the duration of the agreement so a name can;t be removed mid term. The loan would have to be paid off in order for a new application in a single party's name. Hope this clarifies things.