Tesco Loans Number

The contact number for Tesco is available directly from their website at no or lower cost

0345 301 4455

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Tesco Loans is the loan branch of the UK bank, Tesco Bank which is the Bank of popular supermarket chain Tesco. Tesco Bank was established in 1997 as Tesco Personal Finance but changed its name to Tesco Bank in 2008. The bank was created as a merger of Tesco and The Royal Bank of Scotland, they later bought out RBS and Tesco took complete control of the bank.

Tesco Loan Customer Services

There are many reasons you may want to get in touch with the Tesco Loans customer services team such as if you would like some help applying for a loan, you would like to know about the application process for loans, you would like to arrange repayments for your loan, you would like to know about what happens when you have overdue payments, you would like to know about the different loan products available, you would like to pay past or overdue repayments or you have some other inquiries about Tesco Loans.

Tesco Loans Number

You can view the different loan options on the Tesco Loan website. They offer loans within brackets and each bracket has different APR and benefits, the brackets £1,000-£2,999, £3,000-£4,999, £5,000-£7,499, £7,500-£25,000 and £25,001-£35,000. Each loan will have it’s own terms usually 1-3 years for smaller loans and 1-5 years for larger loans you can ask for a longer repayment term if you have taken out a large loan and you will struggle with the repayments on shorter terms, you get to choose your monthly repayment date and some customers may be eligible to apply for a two month payment break. To check you will be able to afford the loan you can use the Tesco Loan Calculator. To be eligible for a Tesco Loan you must be between 18 and 74, be in employment and have a regular income, you must have lived in the UK for at least 3 years as well as have a UK personal current account.

Applying for Tesco Loans

To apply online you can start by entering your details into the loan calculator to find out how much you can borrow, the calculator will tell you how much you are eligible to lend and how long you will have to pay it back before you sign up for the loan. You must be 18+ and a UK resident to apply for a Tesco loan. If you have finished entering your details into the loan calculator it will ask you to start your loan application, you will need to enter your personal information such as name, postcode and date of birth then it will need to check your credit score. You will receive an immediate response on whether you’re eligible or not for the loan you have applied for. If you’re struggling to complete your application or you would like some help filling out the application form you can get in touch with the Tesco Loans number. If you need cash now and you have a car, MVP car title loans can help you. With a car title loan, you can borrow against your car and get the money you need in less than an hour.

Tesco Loans Payment Breaks

The Tesco Loans payment breaks are only available at the beginning of your loan, this means that if your payment break application is approved your first repayment will not start until three months after you have been issued the loan. You will be charged interest during the payment break and the overall loan term will be extended by 2 months, this means you will be paying an extra two months interest. Once your application for your payment break has been accepted you will be sent documentation that will explain the terms and conditions of this payment break you need to ensure you read this thoroughly.

Tesco Loan Repayments

Tesco Loans repayments are made monthly by direct debit taken from the account the loan will be paid into. The first repayment date will be one month after the date your loan will be issued (unless you have applied for a payment break). As Tesco Loans are at a fixed rate you will always know what you need to pay back and your repayments will be on the same day every month. If you’re late with a payment you will be charged £12 each time your payment is late and £12 when a default notice is issued. You can pay your repayments early but be away that you will pay up to two months interest if you choose to pay your loan back early.

Tesco Loans Complaints

You can get in touch with the Tesco Loans complaints team if you would like to file a complaint regarding your loan or an experience with the company. You can make a complaint about Tesco Loans if you have had a bad experience with a member of the Tesco Loans customer services team, you feel you’re being overcharged for your loan, you feel Tesco allowed you to take out a loan knowing you would not be able to pay it back with your annual income, you have received a letter saying you have missed a repayment but you have not or you are unhappy with another service or experience with Tesco Loans.

Number Direct is a telephone directory and call routing service and is not connected to Tesco. The direct contact number for Tesco can be found in the public domain or on their official website.