Sainsbury's loan

SeanG79

kevin63 wrote: »

What was the difference?

I'm in two minds what to do now as I think 8.7% is high, it's roughly costing £1200 to borrow £8500

Nationwide do a soft search and will quote a rate before you commit (a soft search wont impact on your credit file) worth checking what they will offer.

Some other banks probably also offer a soft search to then show rate.

Foxy-Stoat_3

£400 interest a year on £8500 isn't bad at all. Take it if you can afford it.... and spend spend spend !!

kevin63

SeanG79 wrote: »

Nationwide do a soft search and will quote a rate before you commit (a soft search wont impact on your credit file) worth checking what they will offer.

Some other banks probably also offer a soft search to then show rate.

I just tried nationwide and the form gave me an instant decision of.... 9.9% APR!

Looks like 8.7 is probably the best i'm going to get without damaging my credit record eh!

Food for thought, thanks for the help.

kevin63

Just applied to M&S only my second application so will stop after that id rate is not better.

After Nationwides soft search I thought I'd check out noddle where I track my credit record and they had a loan section. They recommended me Zopa saying they were best for my loan amount and my circumstances. They also had a 'soft check' which apparently doesn't affect credit record and that came out at... 7% APR... beats the current 8.3%

Does anyone else know of any soft check providers?

[Deleted User]

I agree 8.7% is high, especially as several credit cards have a long term rate which is lower than this.

I applied for a Sainsbury's loan at 4.0% and was accepted at 8.1%. I then tried Tesco at 4.1% and was accepted at 11.3%!

comeandgo

You seem to be quoting 2 different things. APR % is different from interest rate %.

[Deleted User]

kevin63 wrote: »

Does anyone else know of any soft check providers?

NatWest do an eligibility check.

kevin63

[Deleted User] wrote:

I agree 8.7% is high, especially as several credit cards have a long term rate which is lower than this.

I applied for a Sainsbury's loan at 4.0% and was accepted at 8.1%. I then tried Tesco at 4.1% and was accepted at 11.3%!

Glad to see someone else in the same boat - even though its a bad boat!

Try Zopa soft check mate it's the best i've had so far.

kevin63

[Deleted User] wrote:

NatWest do an eligibility check.

Thanks mate, will try them out. My credit card is currently with them so could help me out.

kevin63

Natwest tool not working for me. Saying they can't find my details which is abit odd.