first direct loans - what are my chances?

ran123ran_2

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.

lee111s

What's your income and how much do you have left over each month?

How much are you wanting to borrow over how long?

Gaz83

No-one will be able to tell you whether you'll be accepted for the 3.6% rate or not, unfortunately.

Foxy-Stoat_3

Gaz83 wrote: »

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.

ran123ran_2

My income is £26k

JPD86

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%.

andyfromotley

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?