Santander or Barclays

zoedmc

I’m wanting to get a 10k loan for home improvements.

I bank with both Barclays and Santander. 

I’ve had a loan with Barclays before and like the the app tells you the rate your going to get before you apply. In this case it’s 4.3%.

should I try applying for a Santander loan and risk not getting the 3% rate or just go straight for the Barclays at 4.3%?

TIA

[Deleted User]

It depends on your risk profile and whether you meet their criteria. 


The only practical solution is probably to apply for both simultaneously.

[Deleted User]

zoedmc said:

I’m wanting to get a 10k loan for home improvements.

I bank with both Barclays and Santander. 

I’ve had a loan with Barclays before and like the the app tells you the rate your going to get before you apply. In this case it’s 4.3%.

should I try applying for a Santander loan and risk not getting the 3% rate or just go straight for the Barclays at 4.3%?

TIA

That's impressive if you are getting 4% from Barclays, I am getting 19% and I earn a high-ish salary/good credit history.

I would apply with your own bank if its a low interest rate and see what they say, because they know you best.