Unemployed loan with Santander

Lostsoul13

I just applied for a loan online with Santander I’m unemployed but on disability benefits and have good credit history. Will I be accepted? Or do all banks refuse on unemployment??

any one had any luck?

MorningcoffeeIV

It depends on how they assess your income and affordability.

Lostsoul13

So there’s a chance I could get it considered I got 90% left over at the end of the month?? 

It’s no hard rule if you’re unemployed you won’t get it? 

ForumUser7

Lostsoul13 said:

So there’s a chance I could get it considered I got 90% left over at the end of the month?? 

It’s no hard rule if you’re unemployed you won’t get it? 

"Eligibility

You’re eligible if you’re 21 or over and live in the UK permanently, you have a regular yearly income of £7,500+, you can make your repayments by Direct Debit, and you haven’t been declared bankrupt, had a CCJ or an IVA within the last 6 years. All credit is subject to status and credit checks. You must have a regular yearly income of £20,000+ to apply for loans of £20,000 and above."

As above, it depends on how they assess your status. But from the public facing eligibility criteria on the loan section of the Santander website, it appears there is no hard rule that if you are unemployed you won't get it as long as your income is above their parameters. You may wish to contact them directly to ask what they consider as income (some places allow investment interest but not cash savings interest for example). https://www.santander.co.uk/personal/loans