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- Loan eligibility checker
Loan eligibility checker
Our loan eligibility checker won’t impact your credit score
Complete the online form in less than a minute
Receive a quote within seconds
12.5% representative APR. Rates and repayments vary based on your chosen amount and term.
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What is a loan eligibility checker?
A loan eligibility checker tells you whether a lender is likely to say yes before you actually commit to a formal application. You provide a few basic details (like your name, address, and income) so that the tool can perform a ‘soft’ credit check.
This ‘soft’ check is the key difference between using an eligibility checker and formally applying.
Soft search with an eligibility checker
The checker looks at your credit file, but it does not affect your credit score. Other lenders cannot see that this check happened.
Hard search when you formally apply
This is visible to other lenders and can temporarily lower your credit score.
How does our loan eligibility checker work?
Fill in your details
Choose your loan amount and term, then enter a few basic details (like your name, email, address, and income). You can do this online or via the Zable app. It does not impact your credit score.
Receive a quote
You’ll get an instant decision and quote, highlighting your APR, monthly payment and loan fee. You’ll clearly see the total amount you would pay, so you can make an informed decision before you move forward.
Complete your application
If you’re happy with your quote, you can continue your application via the app. Once you have finished your full application, we will perform a hard credit check. This will appear on your credit report and can impact your credit score.
Receive your loan
Most customers get their money in under an hour from approval.
Will using the loan eligibility checker impact my credit score?
No, using our loan eligibility checker will have absolutely no impact on your credit score.
Once you check your eligibility and receive a quote, you can choose whether you want to continue with a full application. It’s only after this point that we would conduct a hard credit check, which can impact your credit score.
Who is eligible for a Zable loan?
To get be eligible for a Zable loan, you’ll need to meet this basic criteria:
You do not have any CCJs
You regularly get paid at least £800 per month
You have been living in the UK for at least 3 years
If you’re unsure whether you’re eligible, you can check within minutes for free, without any impact to your credit score.
Am I still eligible if I have bad credit?
Yes, you may still be eligible for a Zable loan if you have a poor credit score.
We understand that your credit history isn’t always an accurate reflection of how you manage money today. That’s why we use Open Banking technology to be able to make a decision that’s based on your current financial situation, rather than your credit file alone.
Find out more about our bad credit loans; they don’t require a guarantor.
Why check my loan eligibility before applying?
Checking your loan eligibility is essentially a ‘sneak peek’ at your options. It uses a soft search, which means lenders can look at your financial history without leaving a mark that others can see. You can compare ten different loans in one afternoon to find the best monthly payments and interest rates without your credit score moving an inch.
On the other hand, a formal application triggers a hard credit check which shows on your file. If you jump straight into full applications without checking your eligibility first, you run into a couple of risks:
If you apply for several loans and get turned down, your credit score can drop each time. You could end up with a lower score and no loan to show for it.
When lenders see a lot of these ‘hard’ marks on your file in a short space of time, it can look like you’re financially strained, which can make you look higher-risk to a lender. This can increase your chances of being rejected again.
By checking your eligibility first, you can find the lender most likely to say yes before you ever commit. It’s the safest way to shop around and ensures that when you finally do submit your full application, you can do so with confidence.
Why choose a Zable loan?
Transparent
What you see is what you pay - your price includes the loan setup fee
Personalised interest rates
Based on your circumstances
Fast decisions
Get a quote in minutes online with our simple form
Same-day funds possible
Most customers have their funds in less than an hour