Santander or Barclays

zoedmc
zoedmc Posts: 8 Forumite
Third Anniversary
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

Comments

  • [Deleted User]
    [Deleted User] Posts: 35,242 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    It depends on your risk profile and whether you meet their criteria. 


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