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Santander Loan & Eligibility Calculator
TooMuchAdmin_2
Posts: 2 Newbie
in Loans
Been a customer of Santander for thirty years. I have no mortgage and wanted to borrow money for a combination of home improvements and paying off some 0% credit cards that are coming to an end.
Used the eligibility calculator and was quoted 50% likelihood of success and an APR of 3.5%. Got an immediate acceptance email...........at a rate of 9.8% APR!
I'm now in a position where the search shows on my credit file and I don't want the loan. Am I going to make matters worse trying elsewhere?
Used the eligibility calculator and was quoted 50% likelihood of success and an APR of 3.5%. Got an immediate acceptance email...........at a rate of 9.8% APR!
I'm now in a position where the search shows on my credit file and I don't want the loan. Am I going to make matters worse trying elsewhere?
0
Comments
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You could try elsewhere, and then accept whichever comes in cheaper. One search may only have a small impact.0
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Thanks.......I've just been reading that only 51% of people have to get the headline rate for the lender to be allowed to advertise it!
Back to the drawing board.0
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