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 Bank (Tescobank.com) has a range of loans designed to help its customers in a variety of ways. Many people take out personal loans to cover a major purchase or a big life event, but loans can also be used to help manage your debt.

Many people in the UK currently struggle with debt. The rates of household debt have increased dramatically, leaving many people unsure of how to manage their outstanding debts without facing bankruptcy. Debt can lead to high levels of stress and financial uncertainty, but there are solutions that can help make debt more manageable. Talking to a debt adviser or financial expert should be your first step in any decision you make, as they can help you find the best possible course of action for your particular financial circumstances.

A debt consolidation loan is a loan taken out to pay off outstanding debts, consolidating the amount into one, hopefully more affordable loan. A personal loan from Tesco Bank often comes with a lower interest rate than outstanding credit repayments, allowing you to cut your monthly repayment costs and spread the payments out over a certain period of time.

Tesco Bank debt consolidation loans come with a fixed rate that won’t change over the life of the loan, so you’ll be left with a predictable monthly repayment that you can budget for. You can also apply for a two month repayment break at the beginning of the loan, giving you some temporary breathing space from your debt.

Debt consolidation loans from Tesco Bank are available to UK residents over the age of 18 who are in fixed employment. The rate you’ll receive will depend on the amount you need to borrow and your personal circumstances. You can apply for a Tesco Bank loan online for an immediate decision.

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

Using the Readies loan comparison website was a smart move because it helped me find this debt consolidation loan in a fraction of the time it would have taken if I had just started checking out individual loan companies one by one.

Within an hour of going on to the website I found Tesco Bank were offering one of the most affordable debt consolidation loans and I didn't have to think too long before deciding to go with them for this loan.

Once I had picked Tesco Bank I was expecting things to be a bit slower but I got my application approved really quickly and within twenty four hours of submitting my loan agreement I had the funds in my bank account.

I am about to start clearing my debts one by one and should be clear of them before the first loan repayment is due so I can't thank Tesco Bank enough for helping me achieve this.

Review posted by Brian Byrne, Solihull

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go to tesco bank if you've got debts you are struggling with and need a loan. they are offering the best rates for this type of loan. i did plenty of online research first so i know i have got one of the best debt consolidation loans there is at the moment. it won't be long before i can manage my money better and make it to the end of the month without having to borrow money from my family. take my advice tesco bank do their best to help you out with these loans by keeping the interest rates as low as they can. you won't find a better loan for clearing your debts.

Review posted by Stuart, Liverpool

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When I got my debt consolidation loan approved by Tesco Bank I felt the weight of the world had been lifted off my shoulders. My debts might not seem a lot to most people but I had grown up never owing anyone a penny and then I got caught up in the whole credit and store card thing which was fine while I was working full time and earning a great salary but through ill health I have had to reduce my hours and that of course comes with a reduced salary and thats when the problems started. I took charge before it got really out of hand and started looking for a debt consolidation loan to clear the two credit cards that I was still stuck with. I was really pleased with the quote I got from Tesco Bank and saw no need to look anywhere else for this loan. They have even allowed me a two month repayment break at the start of the loan which will give me plenty of time to sort myself out and be ready for that all important first repayment. It shouldn't take me too long to get back to being credit card debt free and I will just be keeping one credit card and won't be using it again unless it is in an emergency.

Review posted by Kath R., Woodford Green

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