Tesco Bank

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Company Information

  • Company Name:
    Tesco Bank
  • Website Address:
  • Business address:
    Interpoint Building, 22 Haymarket Yards, Edinburgh, EH12 5BH
  • Phone number:
    0845 600 6016

Tesco (Tescobank.com) is well known as the UK’s biggest supermarket chain, but the grocery giant has far more to offer. Since 1996 Tesco Bank has been offering an extensive range of financial services and products, from mortgages to current accounts. Customers can now access loans from Tesco Bank, allowing them to cover the costs of important events and purchases without draining their savings in one go.

Purchasing a new car or upgrading to a newer model is an expensive affair, and paying upfront is often impossible for many people. A car loan can help you to cover the costs of this important purchase upfront, allowing you to spread the payments for the car out over a period of term in manageable fixed repayments. Tesco Bank offers car loans with no arrangement fees and no hidden costs in the small print, making this major expense more manageable than ever before.

Tesco Bank’s car loans are unsecured, so your car won’t be held as collateral for the loan. It is important to meet the monthly repayments to avoid additional costs or a negative impact on your credit score. Customers can take out a car loan from Tesco Bank of any amount from £3,000 to £25,000, so you can use the money borrowed to choose any car within this price range.

The interest rate on the loan varies depending on the amount borrowed and your individual financial circumstances and history, but it’s possible to get a car loan with a low as 4.1% APR Representative from Tesco Bank. You can receive a personalised quote on your car loan by using the Tesco Bank website’s handy loan calculator, and applying online.

If you do apply for a Tesco Bank car loan online, you’ll receive a quote and decision immediately. If you agree to the terms, the loan documents will be delivered to your home, which you can then sign and send back. The money will then be in your account within three to five working days.

164 Reviews of Tesco Bank have been submitted - read the latest 3 below

I am not a big fan of supermarkets especially the big out of town ones but I have to admit to being a big fan of the banks and financial services that these big stores also offer. I suppose one has helped to produce the other and make them as competitive as they are at the present time. So whilst I might not be using my new car to drive to the big Tesco Extra store that my neighbour is always talking about, I will be recommending Tesco Bank to anyone that is looking for a jolly good car finance loan.

Review posted by Samuel Morley, St.Albans

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I am thrilled with my car finance loan from Tesco Bank and can't stop telling everyone about it. A lot of people were surprised to find out that Tesco Bank are so competitive with their loans and I must admit I was too when I first went onto their website. i had no idea how much of a big deal Tesco Bank really is within the banking world and of course now I can see that with this brilliant loan and I am seeing Tescos in a whole different light now and I have to say I am rather impressed with them.

Review posted by Lorraine Jenkinson, Wilmington

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I don't know why my workmates find it so funny that I have applied to Tesco bank for my car finance loan. Once they hear about the fantastic deal I have got with this loan they'll be laughing on the other side of their faces. Tesco Bank are a reputable bank and can give out loans to rival all the other street banks and lenders like M&S and Sainsburys. I couldn't give a fig about what people think about me getting my brand new car with a Tesco Bank loan and anyone who does care needs to lighten up and stop being a snob!

Review posted by Keith Weston, Slough

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