We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
The MSE Forum Team would like to wish you all a Merry Christmas. However, we know this time of year can be difficult for some. If you're struggling during the festive period, here's a list of organisations that might be able to help
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Has MSE helped you to save or reclaim money this year? Share your 2025 MoneySaving success stories!
first direct loans - what are my chances?
ran123ran_2
Posts: 71 Forumite
in Loans
I am thinking about taking a loan with First Direct.
Does any one know if they have a very strict lending criteria?
Their best rate is 3.6% - is that rate only for those with a high credit score?
*My credit score is in the upper "Good" range
*I have never defaulted on credit card and loan payments
*My credit cards are cleared each month
*I have a residential mortgage and a BTL mortgage
*I work fulltime
Does any one know if I am in with a good chance of getting that 3.6% loan rate?
I don't want to apply and then not get offered that rate and their checks leave a footprint on my credit file.
Does any one know if they have a very strict lending criteria?
Their best rate is 3.6% - is that rate only for those with a high credit score?
*My credit score is in the upper "Good" range
*I have never defaulted on credit card and loan payments
*My credit cards are cleared each month
*I have a residential mortgage and a BTL mortgage
*I work fulltime
Does any one know if I am in with a good chance of getting that 3.6% loan rate?
I don't want to apply and then not get offered that rate and their checks leave a footprint on my credit file.
0
Comments
-
What's your income and how much do you have left over each month?
How much are you wanting to borrow over how long?0 -
No-one will be able to tell you whether you'll be accepted for the 3.6% rate or not, unfortunately."Facism arrives as your friend. It will restore your honour, make you feel proud, protect your house, give you a job, clean up the neighbourhood, remind you of how great you once were, clear out the venal and the corrupt, remove anything you feel is unlike you... [it] doesn't walk in saying, "our programme means militias, mass imprisonments, transportations, war and persecution."0
-
No-one will be able to tell you whether you'll be accepted for the 3.6% rate or not, unfortunately.
Only First Direct will be able to tell the OP if they get accepted for the 3.6% rate."Dream World" by The B Sharps....describes a lot of the posts in the Loans and Mortgage sections !!!0 -
My income is £26k0
-
I looked on the apply online section of FD's online banking portal for a loan late last year which showed a rate of 9.9% when they were advertising 3.9% as their headline rate. i didnt take it any further at that stage.
I done the same thing last weekend and it quoted their headline rate of 3.9% - hit apply and the funds were in my account a few moments later after I had read and digitally signed the loan agreement.
I "think" the online banking portal does a soft search to propose the rate they would give you but can't say that 100%.0 -
FD are a fab bank, i have used them for years, but i found them to be very fussy about loans!! I have had two loans of them but always found the application process somewhat arduous!! Lots of seemingly random questions and a general feeling of 'what you want us to lend you money?? Real Money??' This was for small affordable loans which i could easily afford and ultimately i got them both, it was just a bit...odd?£1000 Emergency fund No90 £1000/1000
LBM 28/1/15 total debt - [STRIKE]£23,410[/STRIKE] 24/3/16 total debt - £7,298
!0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.9K Banking & Borrowing
- 253.9K Reduce Debt & Boost Income
- 454.7K Spending & Discounts
- 246K Work, Benefits & Business
- 602.1K Mortgages, Homes & Bills
- 177.8K Life & Family
- 259.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards