What do you need to apply for a loan in UK?

You can easily apply for a loan online, by phone, by mail or in person at a bank branch according to the lender's conditions.

Documents and criteria required to apply for a loan:

Bank account details

Current address and any past addresses from the past three years

Employment data

Personal information

Have an excellent credit score

Have an updated credit file

Be at least 18 years old.

Have full-time employment and meet the minimum income requirement

What are the eligibility criteria for a loan?

Eligibility criteria are the loan conditions that you must meet when applying for a loan.

Lenders usually have certain rules about how much borrowers must earn, how old they must be, and their credit status. You may be able to find them on a lender's website.

You are unlikely to be approved for a loan if you do not meet a lender's eligibility criteria. The credit application process

You can apply for a loan online, over the phone or by mail, or in person at your bank branch. Not all lenders offer all options, so check that out first.

When applying for a loan online, you must go through additional security checks. It is important to check in your browser whether the URL (web address) of the website begins with "https://", for example. The "s" at the end of "http" means the website is completely secure and all your personal information is encrypted.