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Reviews - Tesco Personal Finance Loans

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Excellent

“The Other Side”

published 06/10/2001

Good rates and well trained staff

Decision process on loans may be too long for thos...

Why the other side? Well, I used to work for this here company as a Personal Finance Advisor (that's one of those jumped up titles which isn't quite as good as it sounds). So, I have an insiders view of how it works and how well it works too. ------ Tesco Personal Finance is a relatively new...

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Excellent

can apply online or on hard copy. Excellent rates ...

Postcodes are vital!

I needed some money - I thought the best thing to do for me was to consolidate anything I owed, and just have one amount to pay each month. I was not really thinking of doing a loan until I was in Tesco and i happened to see one of their loan leaflets- it's quite distinctive and has a shopping...

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Excellent

Good APR

having to pay back the money

About eighteen months ago my husband and I decided to try and clear off all our credit card debt. After speaking to our financial advisor we were advised to try and get a conciliation loan with a low rate of interest. As I already had a Tesco Visa card I decided to contact them and find out if...

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Excellent

“Tesco a go-go”

published 07/06/2001

Low APR, Excellent Customer Service

The whole process can take up to around 10 days.

All I can really say is that, if you are looking for a loan to buy a car, consolidate existing loans, have a holiday etc, Tesco is definately one of the ones you should seriously consider. The APR they currently have is 9%, which is fixed for your chosen term, and you'll find that they are quite...

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Excellent

“How low do you want to go”

published 16/04/2002

Low interest rates

Slow setup

14 months ago I decided I would like a new car so I was looking around for loans. Banks were all about 14% APR +, and the lowest I could find was £10.2% APR from Paramount Bank. This was however until I was recomended to Tesco. Their APR was and still is 8.9% APR. What a difference! (Please note:...

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Excellent

“Nothing to complain about”

published 13/09/2013

Very competitive rates, deferment options, early r...

1 Week turn-around so not a QUICK PAY option (stil...

I'm making a point of writing a review about Tesco, as I found mostly bad reviews when applying for my loan and was at first a bit dubious about taking a loan with them, but decided to go ahead based on rate. They offer great rates and great deferment options. You can also pay in additional sums...

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Satisfactory

“Tesco Loan - slow process”

published 02/06/2001

easy phone application, friendly staff

slow postal service

I recently applied for a home improvement loan with Tesco Personal Finance. I gave all my details over the phone i.e incomings and outgoings and was given a yes in principle at a good rate after they had checked my credit file and credit score. Then the waiting started .... It took a week for the...

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Excellent

“Lets Go Tesco”

published 15/05/2001

Excellent APR rates

None so far

Having decided that we were to extend our Kitchen also came also the decision of MONEY!! We needed to borrow some money so I had a scout around the Net and came across a few companies that would allow you to use their Online Calculator. This is quite easy to use as you key in either the amount...

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Not for me

“Tesco Loan”

published 07/07/2008

apply online

weren't up front about the loan we were been offer...

We applied for a 7.4%25 loan over 10 years. We phoned their loan progress number as we had a time limit to reserve our purchase, and was told our application had sucessfully been accepted. Paperwork came through 5days later and the loan rate had gone upto 9%25 over 7 years £80 dearer a month. We...

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Excellent

well known company with a good history/good rates ...

what a waste of time/application form very non exp...

what an offer 7.3% on loans but dont be fooled!!!!! on a joint application i made for £15000 for re-finance with a income of £30,000 + i was led into the trap that tesco where there to help. After filling the maze of questions in on the internet i was accepted in principle,as with many people we...

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Not for me

published 06/01/2009

Tesco Personal Finance is absolutely rubbish!! Stay away if you want any access to your money in so called bank. After opening an internet saver account 6 weeks after still no access to our money and customer service is non existent. Beware and be warned, good rates yes but no access. They open an account for you take your money then make it as difficult as possible to access it. Had our money for 6 weeks now ans still we cannot get it after writing to them, speaking to them, when you can get through that is. Stay away, be warned Tesco is useless at customer service in everything they do!

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Not for me

published 20/08/2008

APPLIED FOR TESCO LOAN, TWO MONTHS LATER NO LOAN, WAS CONSTANTLY RINGING THEM, THEY KEPT FOBBING ME OFF SAYING IT WILL BE EARLY NEXT WK BLA BLA BLA, IN THE END TOLD THEM TO STICK THERE LOAN AND I WENT WITH ANOTHER COMPANY. THEY PROVIDE A UNPROFESSIONAL,SLOW SERVICE. THEY NEED TO HIRE MORE STAFF OR CLOSE DOWN. WASTE OF TIME

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Super

“pleasantly suprised”

published 15/09/2009

Fast efficient service

originals for bank statement to be sent

Me and my husband, being first time buyers, recently pooled all our savings into buying our first home together, we needed a loan to help out decorating the place. as i have never had a loan before or any bad credit, i applied with other companies, but got declined - twice. after much...

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Excellent

“quick, easy and prompt..”

published 01/07/2009

quick, easy, prompt service

nothing i can think about

I applied for a personal loan online. In contrary to most reviews, the very next day I received a favourable decision in a document. Initially I opted for a longer duration and due to my visa status, TPF offered a better APR compared to their previous quote and reduced the repayment period, which...

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Question

published 19/08/2014

I want to know the difference between tesco loan and another loan provider company. I got an offer from klickcredit.com for loan of 1500usd ( klickcredit.com ) . APR would be 7percent. Is it...
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