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Unemployed loan with Santander


any one had any luck?
Comments
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It depends on how they assess your income and affordability.0
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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?0
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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?
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
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Hi Lost Soul, I hope you’re well.
Did you manage to get this loan as I’m in the exact same position and want to enquire with real people before I go ahead. 56 years of age, disability, permanently out of work.
any advice greatly appreciated please x0 -
cav688 said:Hi Lost Soul, I hope you’re well.
Did you manage to get this loan as I’m in the exact same position and want to enquire with real people before I go ahead. 56 years of age, disability, permanently out of work.
any advice greatly appreciated please xI’m a Forum Ambassador and I support the Forum Team on the Debt free wannabe, Credit file and ratings, and Bankruptcy and living with it boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.For free non-judgemental debt advice, contact either Stepchange, National Debtline, or CitizensAdviceBureaux.Link to SOA Calculator- https://www.stoozing.com/soa.php The "provit letter" is here-https://forums.moneysavingexpert.com/discussion/2607247/letter-when-you-know-nothing-about-about-the-debt-aka-prove-it-letter1
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