Tesco Bank provides personal loans ranging from £1,000 to £35,000, with terms between 12 to 60 months. The APRs start at 6.6% and go up to 19.9%, which positions them in the mid-range of the market. A notable feature is the ability to earn Clubcard points on repayments, making it attractive for regular Tesco shoppers. However, it's important to note that the best rates are available only to Clubcard members borrowing between £7,500 and £25,000.

While the same-day approval is a convenience, the variability in rates based on individual credit scores and loan specifics can lead to higher costs for some borrowers. Compared to other lenders, Tesco Bank's rates may not be the most competitive, particularly for those with good credit who could find better offers elsewhere. Additionally, the loan is only available to UK residents aged 18 and over, which may limit its accessibility for some. Overall, Tesco Bank's personal loan is a viable choice for Clubcard users, but potential borrowers should shop around to ensure they secure the best deal available.