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Loans

Can I apply for a loan again if I am not accepted the first time?

Yes, you can re-apply for a loan three months after you were declined for a Tesco Bank loan.

 

However, if your circumstances haven’t changed since your last application, it's unlikely that our decision will change.

 

We'll not refuse your application just because we declined you in the past, unless you apply again within the 3 months of being declined.

 

If you were declined as a result of a Credit Reference Agency search, we recommend you obtain a copy of your credit file and check the information on it before reapplying or applying for credit elsewhere.

Comments

I have been declined for a loan and a 50overdraft why not even an overdraft as u can  clearly see the since April I have  a constant income guarantee each week and have done since 

Hi @Dee34440, I'm really sorry to hear this. We use an internal scoring system and unfortunately on this occasion you have not met our required criteria. The decision based on the information found on your credit file, it may be worth viewing a copy of your credit report to identify potential reasons for this.

I have been declined for a loan and I didn't get any email with the reference number. 

@radoslawciba A reference number would normally be shown on screen but we will not send this by email. We will however send you a letter within 3-5 working days of your application date confirming our decision and providing the same reference.