Santander

When we opened this operation, we wanted customers to find a credit provider they can trust without being asked too many questions.

For us, we are a credit provider that seeks to help clients that are looking for bad credit loans as opposed to turning a blind eye. A lot of times, lenders think the reason a customer has been put under the bad payer records is exactly that – he has been a bad payer. This is not always the case; there are a number of reasons that could have amounted to a customer failing to meet his monthly payments.

Why was I not eligible for a bad credit loan?

The reasons will always vary but the common reason that could make a client get a rejection notice on an online loan application is that they don’t meet our credit requirements. The customer needs to be 18 years and older to apply.

At this age, we believe you are old enough to understand everything that has to do with your financials. Having a UK permanent residency is also prerequisite. The client has to be employed and should earn a decent salary otherwise; you will not be able to afford the loan you are applying for.

When will I know about the loan outcome?

At Santander, we believe in fast response time on quick loan applications. We are aware that most customers usually want to make use of the money right away and that is why you will get an answer before the end of the business. This means if your loan in the morning, by the end if the same day, you will know whether your application has been approved or not. We will give you reasons why your credit request was declined. There is also nothing stopping you from applying again once you have paid some of your credit plans.

If you have the money within your disposal and you would like to settle your personal loan before the required date, you are more than welcome to do so.

This shows a great deal of commitment on our side and we wouldn’t have any problem loaning you money in the future if you are committed to paying your debts before time.

How can I increase my chances of getting the green light?

While it might seem like a cliché, the only weapon that can help you when you are looking for credit is to minimize having too many bad credit loans.

Pay them off as soon as possible and refrain from applying for credit unless there is really a need. Not everything is important and once you learn to differentiate between a need and a want, you are on the right track.

Making use of the Santander loan calculator

The calculator will give you an approximate figure of how much you can borrow and how much you would be due to pay. Making use of the calculator will give you an accurate figure of how much you really need and the interest charges that come with that long or short term loan amount.

There are a number of customers who have made use of the loan calculator and changed the amount they were going to borrow after seeing the interest charges. This is the reason why we urge clients to use this system because it helps you put things into financial perspective.