Tesco Personal Loans

This company is terrible. Wasted so much time responding to their emails and sending in information. I have a perfect credit score, never defaulted a single payment in 27 years, have taken out loans in the past for more with banks without any issues. They sent out an email to request further information, wanted me to connect my bank to them which I did. I was then sent another email saying I hadn't done it, which was incorrect as the open banking connection was showing on my bank app. After I called Tesco, they said to ignore any emails requesting information because they don't work. Why use it if it doesn't work? Where has that information gone? After being accepted after they made a credit check, I then get rejected? When I called to ask why, I was told they couldn't tell me. I am baffled and so disappointed that they have recorded a search on my file and it's ended up this way. Never happened before. I won't go near Tesco again! Learnt my lesson. If you need a loan, go to a proper bank. 've checked all the information again, I am convinced they have made an error but they won't tell me why so it can be resolved.

APPLIED FOR A LOAN FOR A CAR. NO CONTACT FOR 4 DAYS. PHONED THEM UP AS CAR WAS BEING DELVERED NEXT DAY. VERY OBNOXIOUS MAN ON PHONE!!! COULDN'T TELL ME ANYMORE AND WAS SO RUDE. PHONED AGAIN NEXT MORNING AND WAS TOLD IT HAD BEEN REFUSED. TOTAL JOKE OF A COMPANY AND VERY EMBARRASSING. SPOILT MY CREDIT SCORE NO DOUBT. APPLIED ONLINE WITH ANOTHER COMPANY AND ACCEPTED IMMEDIATELY. BEWARE NO MATTER HOW GOOD YOUR CREDIT SCORE IS DONT BOTHER WITH TESCO!!!!!!

All done on line 'get back to you in 3-5 days" , 12 days pass nothing but now I have a hard search on my credit file???, no idea if it was approved or not as never heard another thing about it? Now I need to apply somewhere else making ANOTHER hard search on my credit file, joke!

Really garbage service. Agreed in principle, send back proof In post then no contact. I had to contact them to get final decision. Waste of time and not professional. Patronising staff. I would never recommend Tesco to anybody. Absolutely rubbish they should stick to their supermarkets only..

Accepted for a loan, 2 weeks later still waiting for funds, staff are clueless and patronising

Sent forms in the post, no supporting information needed. Sent back promptly no communication whatsoever.

Why in 2020 are they needing papers signed with the amount of technology and companies asking you to e sign online.

Avoid like the plague!

Applied for a tesco loan and got accepted in principle but had to sign and send one months bank statement. Sent the documents off on Friday and got a text Monday afternoon to let me know the loan had been approved and was transferred into my account. Couldn't rate tesco bank enough, so quick and the process was very smooth! The interest rates are great too. The customer service was great and was always friendly when I called to check on the progress. Would definitely recommend to anyone needing a loan quickly. I took out the loan to buy a new car my family needed.

Applied Friday evening got to the end and loan approved signed loan doc on line informed me they will carry out some more checks and money should be in account with in 24hrs by 1pm sat cash was funded to my account..

I couldn't fault tescos loans from start to finish I was also accepted on the headline rate...... that's after getting the run around from sainsburys for 4 days to be declined (duh)

Applied for a loan on a Friday afternoon, after completing it they said they needed to check some details and I would hear in 48 hours. At this point I wasn't hopeful but I recieved text Saturday stating loan approved! Agreement arrived on Tuesday, signed and sent back same day, no other documents needed. Boom - money in account by Wednesday lunchtime.

I didn't get the advertised rate, though I wasn't expecting to due to a very small (<100) 3 year old default on my credit file. The rate I did get was by far the best compared to other lenders I had looked at, and many would'nt even entertain me due to the default.

So thanks Tesco - I can now get my roof repaired which is a HUGE relief!

So I applied for the loan of £12500 with Tesco Bank expecting to get something close to/slightly higher than the advertised rate. However I was pleasantly surprised to get the advertised rate (3.3%). I made the application online and my loan was approved in principle. They sent the paperwork the very next day of the application. I was to return the signed documents back along with additional proof of my residence permit (which I provided. They need certified copy which is a bit tedious I must admit). So I sent it all with the prepaid envelope that they had included. I didn't add any additional royal mail tracking. The documents were received by Tesco the next day.

And then the waiting game of approximately 5 days. Today morning I received the required amount in my bank account. I am happy with the overall service and experience.

Here is the timeline

13th January - Online application

14th January - Received the paperwork

17th January - Sent back the paperwork

24th January - Money in the bank account!

Applied for £7500 on Sunday afternoon. Accepted straight away, signed agreement online and money was in my account at 2pm Monday. Great fast service. Only down side poor communication no email confirmation just a txt when money was transferred to my account and got a good rate of 7.3%. Should add I am not an existing customer but have had 2 Tesco credit cards which were paid off and closed prior to my loan application.