As you would duly understand, not everybody can get a loan. There are a few pre-requisites that make you eligible for all kinds of loans in UK. Here are some eligibility criteria that one must fulfill to get loan in United Kingdom.
People looking for some additional cash benefits can feasibly fetch effortless amount but you need to have a regular income source with minimum £500.
Should be minimum 18 years of age
The applicant must be minimum 18 years of age to get a loan. No applicant under the age of 18 is eligible to get a loan. Even if you are a day short of attainting the eligible age, you aren't eligible. Wait a day, or two maybe, for you have other criteria to fulfill!
Must have a regular income source of a minimum of £500
To be eligible to get a loan, you must have a regular income source of a minimum of £500 as an applicant. In other words, you must be in current employment and take home a minimum of £500 a month.
Salary Wired Direct into Bank Account
To be eligible for loans from our lenders, your salary from your current employer must be wired directly into your bank account.
Must be a citizen of UK
Only citizens and residents of UK are eligible for loans in UK. If you are a citizen of UK, but not a resident presently, you aren't eligible for loan in UK. It is mandatory to fulfill both these criteria to be eligible for loans in UK.
Benefits of Fulfilling All Eligibility Criteria
Qualifying all the above eligibility criteria can help you a great deal in longer run. In fact, it can open many financial options for you as far as loans are concerned. Nearly all the recognized lenders/mediators ask for the aforementioned qualifiers.
It should be noted that failure to quality all the above criteria may lead to denial of loan by the lender(s)/agencies.
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