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Car Finance Expert Q&A

Hi, I'm Edwin and I'm here to help you!
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Edwin Miles. Underwriting Manager

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Tesco Car Loan

Hi, i have applied for a £6000 loan from tesco to buy a car, i am 20 years old and have never had a loan before, i have been accpeted in principle but i have to send a bank statement! I sometimes go into my overdraft but i' never overdrawn over my overdraft limit. Will this stop me getting my loan?

Posted by Kay Howat on


Hi Kay, this is a possibility but it all depends upon how Tesco look upon your bank statements. It's not really a question i can answer. It may be best to call Tesco and ask them the question without giving your details so that you know where you stand. If this does effect your approval and Tesco then decline your application please apply with us as if Tesco have approved you for a car loan then we will most certainly be able to help. Kind Regards, Edwin

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