Online banking

Online banking

cancel
Showing results for 
Search instead for 
Did you mean: 

Loans

Can I increase my existing Tesco Bank loan?

If you already have a Tesco Loan you can apply to borrow more once you have made 8 consecutive monthly payments on your existing loan.

 

We only offer one loan per customer. So if you want to borrow more we’ll close your existing loan and the new loan will pay off any existing balance and cover the additional amount you want to borrow. We will charge you up to 28 days’ interest to pay off your old loan. This is to cover the number of days from when you apply to receiving your new loan. This will be added to your new loan amount and you will pay interest on this, which may lead to additional cost for you.

 

The minimum additional amount is £1,000 above your existing loan balance. With your new loan you’ll continue to make one monthly payment but the cost of your monthly payment may change depending on the loan term and amount you choose to borrow.

 

How to apply

 

Call us on 0345 600 6016* and we can give you a personalised quote. Lines are open Monday to Friday 8am to 10pm, Saturday and Sunday 9am to 5pm.

 

*This number may be included as part of any inclusive call minutes provided by your phone operator.

Version History
Revision #
4 of 4
Last update:
‎05-04-2017 10:24 AM
Updated by:
 
Comments
Mickr52

i want to find out my loan balance with a view to taking out a new loan .how can i do this as i cant find loan agreement

@Mickr52 If you've got a note of your sortcode and account number then you could register for online banking which would allow you to log in and view your balance online. If you don't have these, you can give our Loans team a call on the number above and they'll be able to confirm the balance to you

Jessicaward91

Can i increase my loan amount but make the increased amount as a joint application? 

Emzloumax86

Hi can anyone help.. ive lost my account number and sort code for my loan.. where else can i get this also when i log in it says error.. ive tried over a few weeks but still says error.. does that mean my password is wrong or is it just not working?

I am sorry you've had trouble when trying to log in @Emzloumax86. You can call us on 03456006016 (Mon-Fri: 8am-10pm and Sat-Sun: 9am-5pm) to request the account details over the phone or we can send them out via post. We can also arrange to reset your online banking details by post, we'll just need you to confirm your full name, DOB and postcode. Please send this information as a private message to our @CET account or alternatively you can pass the information on to us via our Tesco Bank Facebook page (by private message) or DM us on @tescobankhelp. Can you let us know if you've previously registered for online banking or if this was your first attempt? 


If messaging our @CET account then please ensure you leave a space between each of the characters as shown below.

A B 1 2 C D

2 6 0 6 2 0 1 7

Warren77

What do i need to increase my personal loan??

 

Hi there, looking to increase this back to what i originally borrowed, had the loan for 2 and a half years. I know theres a Credit Check, which isnt a problem, just want to know what documents you would need from me, to look at this?

 

Thanks!

Hi @Warren77, a top up loan is considered a new loan that pays of the original loan (or the remaining amount). To speak to someone about this you’ll need to give us a call on 0345 600 6016. Advisors are available Monday-Friday 8am-10pm and Saturday-Sunday 9am-5pm and they will be able to confirm what you would need to apply - Ross

Kabir27

Hi,

 

I have had a loan since Jan but first payment was in April and wanted to take out another small loan due to unexpected costs. Is there any way to do this or do I have to wait till 8 monthly payments have been done first?

imtiaz

Amanda_C wrote:

If you already have a Tesco Loan you can apply to borrow more once you have made 8 consecutive monthly payments on your existing loan.

 

We only offer one loan per customer. So if you want to borrow more we’ll close your existing loan and the new loan will pay off any existing balance and cover the additional amount you want to borrow. We will charge you up to 28 days’ interest to pay off your old loan. This is to cover the number of days from when you apply to receiving your new loan. This will be added to your new loan amount and you will pay interest on this, which may lead to additional cost for you.

 

The minimum additional amount is £1,000 above your existing loan balance. With your new loan you’ll continue to make one monthly payment but the cost of your monthly payment may change depending on the loan term and amount you choose to borrow.

 

How to apply

 

Call us on 0345 600 6016* and we can give you a personalised quote. Lines are open Monday to Friday 8am to 10pm, Saturday and Sunday 9am to 5pm.

 

*This number may be included as part of any inclusive call minutes provided by your phone operator.


 

Hi @Kabir27, you'll need to wait until you've made 8 consecutive monthly payments.