Tesco Loan Comparison Calculator

Compare the best loans to Tesco using our loan comparison calculator below. Best rates for secured homeowner finance.

Tesco Bank was established to provide simplified yet intelligent financial services for ‘real’ people across the UK. Despite starting out as a small sub-brand with limited services on offer, Tesco Bank now has more than 8 million customers and continues to grow.

Secured loans at Tesco

Tesco Bank offers a dynamic portfolio of products and services, exclusively for domestic customers in the UK. As it stands, secured loans at Tesco are available in three specific loan types, as follows:

  • Traditional mortgages
  • Home improvement secured loans
  • Debt consolidation secured loans

In all instances, secured loans at Tesco are available in sums of up to £200,000, with repayment periods ranging from 3 to 25 years. The minimum loan amount available is £20,000, and there are no specific restrictions imposed on how the funds can be used.

As with most high-street banks, secured loans at Tesco Bank are provided subject to extremely intensive credit checks, along with the borrower’s ability to provide proof of income.

Secured loans with a difference

Donkey Finance was established to provide a simple, more accessible alternative to traditional high-street banks. With a firm focus on flexibility, we offer secured loans for all purposes and with none of the usual restrictions. Working with Donkey Finance, you won’t be required to undergo a credit check or even provide proof of income. Just as long as you can cover the cost of the loan with the necessary collateral, you’re golden!

In addition, we work hard to provide prompt pay-outs for total convenience. If you need to get your hands on your funds in a hurry, we often complete the entire process within a matter of days. No fuss, no delays, and no unnecessary complications—new-generation secured loan services, brought to you by Donkey Finance!

Homeowner loans from Tesco

Homeowner loans are only available to those who have already taken out a mortgage. This type of borrowing is often referred to as secured borrowing since the loan is secured against an asset. However, this may be repossessed if you fail to repay on time. Although this diminishes the loan provider’s risk, it represents a significant risk to the borrower, who’ll have their property sold in order to recompense the lender if things go wrong.

The amount you are able to apply for varies between lenders, but most homeowner loans usually range from £50,000 to £250,000 or higher. This is because secured loan lenders feel more at ease when lending to those borrowing against an asset.

Owing to the large amounts of credit associated with homeowner loans, the payments may be spread over 20 or 30 years if required. The extended length of this term can mean applicants can take advantage of lower interest charges, but they should always remember that in total, more interest must be paid.

In most cases, you can settle the balance early, but there is often an additional charge that’s incurred as a result of this. The actual figure will be added to the balance at the time you request to repay the outstanding amount.

Whole-of-market comparison

Most importantly of all, we’ll do whatever it takes to find your ideal loan product from our exclusive network of partners. Working closely with specialist lenders across the UK, we’re able to access exclusive deals and discounts you won’t find elsewhere. From consolidation loans to business loans to property improvement loans, we go the extra mile to minimise borrowing costs while maximising value for money.

If a Tesco Bank-secured loan simply isn’t an option, we’re standing by to step in. Use our exclusive online loan calculator for an overview of what’s on offer, or get in touch with a member of the team to organise an obligation-free consultation. Setting new standards in secured loans for the discerning borrower, Donkey Finance takes affordable lending to new heights. Call today or drop us an email with the basic details of your requirements!

How to apply

While many of the financial products and services provided by Tesco Bank can be applied for online, others require in-person meetings or telephone consultations. In any case, we can help you pinpoint and apply for the perfect product for your needs. Give a member of our customer support team a call today, or send us an email with an outline of your loan requirements.

Let our AI software compare rates for secured loans against high-street banks and other institutions:

Main Stream Banks
Barclays Halifax
HSBC Lloyds Bank
Martin Lewis Nationwide
NatWest Post Office
RBS Santander
Shawbrook Bank Skipton Building Society
Tesco Together Money
UK Bridging Loans Yorkshire Bank