Can a bank say if likely to be approval a loan?

No1Stoney

Hi everyone. Sorry if this questiom seems a bit ridiculous, but thought it was worth the ask.

Can a bank (LLoyds Bank is mine) give you an idea of whether you will likely be refused or accepted for a loan before doing the actual credit check approval process? I ask this because on my internet banking screen, if I click to get a personalised loan quote, it shows me at 20.9%APR. Ive read in several places that of course this does in no way mean you will be accepted for a loan even at that high APR. But in applying, I will get a credit file footprint and will hamper my chances of applying elsewhere, even more difficult if refused. I was wondering if there was anyway if a bank could (even in a round-about way) tell me "You have no chance" or otherwise, before officially applying. Or any other ways of sort of telling whether you could be accepted or not. I keep close tabs on my Noddle credit file, it shows 3/5 but has only just moved from 2/5. (I know noddle scores don't really mean a lot) but everything on there is correct. Thanks for any help guys.

fozmcfc

Can't say for Lloyds, but on an account review with Natwest, I could see on the screen, that it gave a % mark out of 100 it looked like, of how likely I was to be approved for a loan, credit card and mortgage.

BMN

Yes at Lloyds they can.
If you speak to somebody in branch or on the phone they can check if you'll be accepted and run some quotes to check what rate it will be at.

No1Stoney

Thanks BMN. Im guessing these "quotes" will not show on my credit file?

BMN

Nope, no searches on your credit file at that stage.

No1Stoney

Thanks BMN Ill give them a call to discuss. Thanks for your help

jonesMUFCforever

No1Stoney wrote: »

Thanks BMN Ill give them a call to discuss. Thanks for your help

If you have internet banking and they are offering you a loan in the offers section this will be a good sign.

CherlokHomes

BMN wrote: »

Nope, no searches on your credit file at that stage.

It's not at any stage.

iolanthe07

shaddisi23 wrote: »

Can a coffer (Lloyd Coffer is mine) accord you an abstraction of whether you will acceptable be banned or accustomed for a accommodation a fore accomplishing the absolute acclaim analysis approval process? I ask this because on my internet cyber banking screen, if I bang to get a personalized accommodation quote, it shows me at 20.9%APR. Ive apprehend in several places that of advance this does in no way beggarly you will be accustomed for a accommodation even at that top APR. But in applying, I will get a acclaim book brand and will bassinet my affairs of applying elsewhere, even added difficult if refused. I was apprehensive if there was anyhow if a coffer could (even in a abstruse way) acquaint me "You accept no chance" or otherwise, a fore clearly applying. Or any added means of array of cogent whether you could be accustomed or not. I accumulate abutting tabs on my Attic acclaim file, it shows 3/5 but has alone just confused from 2/5. (I perceive attic array don't absolutely beggarly a lot) but aggregate on there is correct. Thanks for any advice guys.

This post makes absolutely no sense at all. Is it a joke, or some kind of spam?

imoneyop

iolanthe07 wrote: »

This post makes absolutely no sense at all. Is it a joke, or some kind of spam?

Probably a spambot building up to posting its spam.

No1Stoney

Wow thanks for that great advice shaddisi23 really helpful... I think..? But to everyone else seriously thanks for the help ill put it to good use.