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Loans

Am I eligible for a Tesco Loan?

To apply for a Tesco Bank Loan you need to meet the following criteria:

  • Aged between 18 and 74. You must be aged under 75 at the end of your loan term
  • Be in employment with no probationary period, or have a regular income e.g. pension
  • You've lived in the UK for at least three years
  • You have a UK personal current account

Please note the following criteria which applies to our loans:

  • If the loan is to repay other debt (refinancing), the minimum age is 22 years old
  • For loans under £3,000 the maximum term is three years
  • For loans under £15,000 the maximum term is five years, except for loans for home improvements which is 10 years
  • For loans over £15,000 the maximum term is 10 years, except for refinancing which is seven years
  • For a joint application, the main applicant's bank details must be the named account used for making repayments