Joint Loan Eligibility – are you finding it hard to get accepted for a loan on your own? Have you a partner that can apply with you?
A joint loan application may be a great option to get the cash you need. However, first you will have to check your joint loan eligibility to see what your chances are of being accepted.
Different types of joint loans
A joint loan is a loan that is offered to more than one borrower. Joint loans can be an option when applying for secured loans, unsecured loans, credit cards, or bank accounts.
Representative 277.5% APR - Representative Example: Amount of credit: £750 for 12 months at £119.21 per month. Total repayment of £1430.52. Interest: £680.52. Interest rate: 140% pa (fixed). 277.5% APR Representative.
Joint loans are great as you share the cost and responsibility of the loan with a partner, friend or family member. With a joint loan it has a higher acceptance rate than a sole loan as the lender acknowledges it as a more affordable option for most people.
Joint Loan Eligibility with Soft Credit Search
To confirm joint loan eligibility many brokers and lenders offer a soft credit search to answer whether you are likely to be accepted for a loan.
A soft search is great as unlike a detailed search where it appears on your credit file and can have a detrimental affect on future credit choices, a soft loan will help test the water as such without it leaving a mark or digital footprint on your credit file.
To test your joint loan eligibility there is a simple calculator that you can adjust accordingly to choose the best terms that will work for you and your joint borrower.
By entering basic information on to the form, such as name, date of birth, address, and employment details you will receive instant confirmation of your joint loan eligibility and if it is likely you will be accepted for a loan if you were to proceed further.
Loan Lenders prefer joint loan applications
With the wide selection of lenders and loan options we have access to you can be sure we will work hard to find a loan that will best meet your needs.
At no time are you under any obligation to complete the loan application if you are not completely happy with its terms.
By applying with us you will have access to lenders that you would be unable to access yourself and so we will be able to find you the best possible deal on the market to suit your circumstances.
By clicking on the banners on this page you will find information on joint loan eligibility and links to trusted lenders that can offer the best joint loans on the market.