Your selected question and answer
Question:
Can I change my mind about taking out a Tesco Loan?
Answer:
Yes. You have the right to cancel your loan agreement, you don't have to tell us your reason for cancelling but you need to let us know. Your right to cancel starts the day after you receive your final copy of the Credit Agreement and ends 14 days after that.
To cancel your loan without paying any interest you must:
- call us on 0845 600 6016 or write to us to tell us that you wish to cancel within the 14 day period detailed above. Our address details are: Tesco Bank, Loans, PO Box 27014, Glasgow, G2 9FE.
- repay the loan by sending a cheque or paying by card using the contact details set out above without delay and no later than 30 days after telling us you wish to cancel.
If you do not repay the loan within 30 days we will charge interest to the amount outstanding as detailed in your Credit Agreement.
