A Tesco Bank personal loan to improve or add value to your home without increasing your mortgage.
With a fixed rate and fixed monthly repayments, you know exactly what you will pay each month and when the loan will be cleared.
Compare the representative APR, the total amount repayable and any fees before you decide.
Benefits of the Tesco Bank Home Improvement Loan
- No need to remortgage: Fund improvements without borrowing more on your mortgage.
- Fixed monthly repayments: Your interest rate and repayments stay the same for the whole term.
- Payment break option: Eligible borrowers can apply to delay the first repayments by 2 months, with interest still charged.
- Check before you apply: An eligibility check uses a soft search, so it does not affect your credit score.
- Overpay or settle early: You can make overpayments or repay early; a statutory early-settlement charge of up to 58 days' interest may apply.
| Feature | Detail |
|---|---|
| Loan amount | £3,000 to £35,000 |
| Term | 1–10 years |
| Representative APR | 6.6% representative on £7,500–£25,000 over 1–5 years; 6.2% with Clubcard Prices (maximum 34.5%) |
| Eligibility | UK residents aged 18+; Clubcard members get a lower rate |
| How to apply | Online via the official website |
Key features
No need to remortgage: Fund improvements without borrowing more on your mortgage.
Fixed monthly repayments: Your interest rate and repayments stay the same for the whole term.
Payment break option: Eligible borrowers can apply to delay the first repayments by 2 months, with interest still charged.
About Tesco Bank (Barclays Bank UK PLC)
Tesco Bank (Barclays Bank UK PLC) is an established UK provider of personal finance products, authorised and regulated in the UK. Applying is straightforward and mostly online.
We compare independently and then send you to the provider’s official website to apply. We are not a lender or credit broker.
All rates depend on your circumstances and are subject to status. Representative examples and final terms are set by Tesco Bank (Barclays Bank UK PLC).