MSE Loan eligibility calculator vs Experian MSE Credit Club

AlpineF30

Hi there,

Just would love some advice on this.

I plan to get a loan for a new car. Been doing this the past 10 years or so with my last loan with Tesco bank paid off 2 months ago so now I am on the hunt for a new car to start the process again.

I have signed up with the MSE credit club which uses Experian and when I use their eligibility calculator Tesco bank has came back with a 60% eligibility rate.

However when I use the MSE loan eligibility calculator the exact same loan from Tesco Bank is 95%

Just would like some advice on which one is the more accurate as do not want to apply until I am certain as don’t want to wreck my chances.

[Deleted User]

They're both fairly ropey, so it's impossible to say, and it won't be the same for other customers.

Try some lenders which have their own eilgibility checkers to get a better idea.