Check your eligibility for a loan before you apply
It's simple and straightforward to use- See how likely you are to be accepted
- No effect to your credit score
Representative 26.5% APR
To check your eligibility for a personal loan you must meet the following criteria:
- At least 18 years old
- Minimum annual income of £5,000
- Regular income paid into a UK bank account
- A UK resident
- At least 3 years address history
To check your eligibility for a personal loan, Creditec will carry out a soft search on your credit file to match you with the most suitable lender(s) on their panel who may also carry out a soft search to assess your eligibility for the product you are looking for. These searches will only be visible to you, and they will not affect your credit rating.
If you need help or are unsure on any of this, please contact us using this online form.
A soft search is a way of finding out information about your credit history. It is used by lenders and credit brokers to assess your eligibility for the product you are looking for.
A soft search does not affect your credit history.
A good credit score will help increase your chances of being eligible for the most competitive products with the lowest interest rates (APRs). There's no “magic” score that means you will be approved but the higher your credit score the higher the chance of being accepted.
If you feel you are having difficulties managing your finances, you can access free, impartial advice from StepChange, MoneyHelper, National Debt Line (0808 808 4000), or Citizens Advice.
If you check your eligibility for a personal loan and are accepted by a lender, they may offer you a ‘guaranteed rate’. Unlike representative rates, this means that the rate offered will not change after you make a full application and take out the loan.
If you check your eligibility for a personal loan and are accepted by a lender, they may offer you a ‘representative rate’. Unlike guaranteed rates, this means that the rate offered may change after you make a full application and take out the loan.
When a lender is offering a representative rate (also known as representative APR), it means that at least 51% of their customers received that rate or lower.
You will only find out the actual rate once you make a full application on the lender’s website.
Being pre-approved does not mean that you’re guaranteed to be accepted by the lender. You’ll get the product as long as you have provided accurate details and that you pass additional checks by the lender.
You can check your eligibility for a loan from £1,000 up to £10,000. How much you can borrow depends on a number of factors, including your ability to make repayments (based on your income and expenditure), and your credit worthiness (based on a soft search).
You should not borrow more than you can afford to repay.
If you feel you are having difficulties managing your finances, you can access free, impartial advice from StepChange, MoneyHelper, National Debt Line (0808 808 4000), or Citizens Advice.
