TSB Loan offer

Stratshell · 10 September 2017 at 11:58AM

Had the same with M&S too. Wasn't advised of the rate change (8.8% on £10k for a car) until the paperwork arrived.

I have an impeccable credit rating and longevity in terms of house (with high level of equity) and job, plus a good level of salary with plenty of disposable income. Makes me wonder just what you do need to get the 2.8% :-(

gnioto · 10 September 2017 at 9:30PM

I am a lloyds customer and applied for a few loans with them at the advertised rates. As I was continually going into an unapproved overdraft the rates were regularly 15-25% For the last year I've remained in my credit limit and have just been approved a loan at 2.9%

DCFC79 · 10 September 2017 at 10:28PM

Stratshell wrote: »

Had the same with M&S too. Wasn't advised of the rate change (8.8% on £10k for a car) until the paperwork arrived.

I have an impeccable credit rating and longevity in terms of house (with high level of equity) and job, plus a good level of salary with plenty of disposable income. Makes me wonder just what you do need to get the 2.8% :-(

Well if lenders go by your credit rating then you should have been accepted.

BUT

Lenders dont see your rating they see your credit history.

ReadingTim · 11 September 2017 at 12:50PM

Stratshell wrote: »

I have an impeccable credit rating and longevity in terms of house (with high level of equity) and job, plus a good level of salary with plenty of disposable income. Makes me wonder just what you do need to get the 2.8% :-(

It's a commercially sensitive decision, so you'll never know, and will depend on what the lender's strategy and target customer is.

For example, the bank may think your income/wealth means there's limited opportunities for cross-selling its other products, which may be marketed at a less affluent customer.

TSB Loan offer

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