Will sainaburys give me a loan?

hannerrbabes

[post deleted]

JuicyJesus

hannerrbabes wrote: »

I wanted advice on whether you sainsburys will accept me for a loan? I didn't want to apply if they'll just reject me and damage my credit rating.
I'd like to borrow some money for a rental deposit (and possibly a month's rent in advance). Sainsburys smallest loan is £1000 so it would be that.
I'm 19, work part time, haven't had any credit before except my mobile phone contract, am on the electoral register, I've lived at my current address 1 year and my previous for 13, have been with my bank for seven years, no debts.
What does everyone think?

Stunningly unlikely. The best people to ask for a loan in your position would be your bank. If they say no, then it's almost guaranteed everyone else will too.

opinions4u

Save up.

Then you'll have the money.

ch3101

If you're 19 I assume you stay at home?

What's wrong with that? Why would you burden yourself with rent and bills while working part time and with no cash behind you whatsoever?

hannerrbabes

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IJP20

If you bank with Barclays log on to internet banking then click Products at the top menu and then choose View Pre - Selected Offers listed under the Loans heading.

This will show you if Barclays have pre-selected you to apply for a loan and, if so, how much they might lend you.

ch3101

How much do you class as money behind you if it wouldn't cover a deposit?

Move home for a couple of months and save up

_Andy_

No-one knows except the lender, as there are too many variables involved. There's little point anyone speculating as it won't change the outcome. If you want to apply and find out, you'll get the answer.

chanz4

Sainsburys are strict, as others have said go onto barclays online banking. Apr will be high though

Cycrow

Dont you have any other credit available like credit cards or overdraft ?

small loans can be quite expensive, and as you say you can have the money in a few months, it seems unwise to take on a loan for a year

A credit card might be easier to obtain and if u can clear the balance in a few months wont cost you must at all