You'll find Tescobank.com loans are hard to beat... - you can borrow any amount from £3,000 to £25,000 for almost any reason.
- you can apply today over the internet.
- your payments will remain the same throughout the length of the loan.
- secure online application form.
For a small amount each month you can take out payment protection insurance which will cover your Tescobank.com Loan repayments for up to 12 months if you are unable to work for more than 30 days due to unemployment, illness or injury. Tescobank.com also include life cover at no extra charge. They highly recommend that you take advantage of their payment protection insurance and the peace of mind that comes with it.
Payment Protection covers a large variety of situations each of us may face. The main exclusions are, any illness you already know about when the loan starts, or for which you have seen a doctor in the last 12 months. Backache or psychiatric/stress-related conditions unless there is specialist medical evidence. Unemployment which arises in the first 60 days of cover, or is voluntary or if you work abroad.
You can change your mind at any stage in the Tescobank.com loan application until the funds have been paid into your bank account.
Credit ReferenceFor Online Tescobank.com loans applications, once your application has been submitted a credit reference search will be carried out and a credit score will be calculated. This will determine whether we can offer you a loan.
If your loan is agreed in principle, Tescobank.com Loans will send you documents to sign and return to them along with details of any additional information required to support your application.
A Credit Search is made on your name and all personal address details that have been provided in your application with a Credit Reference Agency (Equifax) in order to assess your credit history.
Their search will then be noted on your record with the Credit Reference Agency (Equifax), to inform other institutions that Tescobank.com have requested information about you.
Credit scoring is an assessment of your ability to repay based on the information you have provided in your application, along with the details from the Credit Reference Agency. This is used to help Tescobank.com decide whether we can offer you a loan or not.
The funds should be available in your chosen bank/building society account within 3 working days of a final decision being made. An electronic payment is sent direct to your bank account and the money can be withdrawn as soon as the funds reach your account.
Repayments will be made by Direct Debit from the bank/building society you have chosen. Just let Tescobank.com know your preferred payment date when you apply and we'll arrange it for you. Your first payment must be made between 15 and 45 days after you receive your money.
Additional information can be found on the Tescobank.com Loan website.
(See the links above)
Tesco Loan
