Want to Apply for Personal Loan

FAQS- Personal loans: Ikano Bank AB

Where is the distinction between a personal offer and an application for a loan? The majority of lending institutions give you offers that show the average annual percentage rate of charge (the interest rates most clients offer, but not necessarily the interest rates you will receive). In order to submit your offer to you, we conduct a loan enquiry. Don't be afraid, other creditors are not able to see this in your loan files.

That means that obtaining an offer from us does not impair your capacity to obtain loans in the future and allows you to look around before making the final application choice. You will be asked for more information about yourself and the loan will be updated. It will then be saved in your loan database and will be available to other creditors.

Under How do I apply? you will find more information about what you need. Whats an offer lookup? This is what we call a personal offer. Offer searching is not available to other lenders or banks in your loan record. That means it won't compromise your capacity to get loans in the foreseeable term - giving you the freedom to look around before applying for a loan.

We will only carry out a full loan enquiry if you decide to apply after receiving your offer. So what's a loanjacket? If you apply for a loan (either from Ikano Bank or another lender), a loan application will be made. Loan seeking helps creditors make educated, honest loan choices because they can see what your finance product is and how well you have administered it in the past.

In the " Find " section, creditors ask for information about you from information bureau. The United Kingdom has 3 major information bureaus (Experian, Call Credit and Equifax). What can I do to increase my solvency? There are a few things you can do to enhance your solvency: Keep up to date on payment information for all your finance product.

Verify that the information on your loan reports is correct and up-to-date. I' m sure the information bureau will be able to help. Every year you apply for a loan item, a "Footprint" is displayed in your loan database for one year. Attempt to distribute your loan requests and find out why you were denied the loan before applying elsewhere.

Which is a legal loan information? Who is a bureau of information? Creditors can ask for information about you to help them make a loan decisions to you (this is referred to as a loan search). We have 3 major UK information bureaus (Experian, Callcredit & Equifax). Can anyone apply?

It is not necessary to be an Ikano client to apply for a loan. Where can I apply? The only way to apply for a loan is on-line. The following information is at your fingertips in order to receive an offer or to apply: May I apply for a community loan? At the moment we only admit single applicants, so it is not possible to apply together (from more than one person).

For what can I use the loan? What can I get? From £1,000 to 15,000 we provide personal credit. They can use our pocket calculator to see how much would be paid each month on the basis of the tariff available to most will. For how long can I lend? They can repay your loan from 12 to 60 month (i.e. up to 5 years).

Use the credit computer to modify the number of month for which you have the loan and the amount of borrowing. If I already have an Ikano loan, can I get more cash? Every extra amount of cash you wish to lend from us will be invested as a new loan.

Your new offer is on the basis of your actual situation and the amount of credit you wish to lend. You may be asked to pay an Annual Percentage Ratio that is different from the one that will apply to your loan. Here you can request a personal offer. Do I get the same interest as my other Ikano loan?

Here you can request a personal offer. When you have requested a loan that we could not authorise, you can request that the ruling be reconsidered. If I am rejected the first day, can I reapply? Yes, you can terminate your loan contract with us within 14 workdays.

Once we have already repaid you the amount for your loan, you must repay it in full. When making a call outside a package, you will be billed according to your local rates. Is the annual percentage rate of charge on my loan going to vary? This means that the same percentage will be added to your loan until you have completed all your recurring payments, so that you know exactly how much you will repay each and every months.

Annual Percentage Rates are the interest rates to be paid on the funds you wish to lend. Annual interest represents the annual interest that at least 51% of clients will be paying, but is not necessarily the price that will be offer. Here you can request a personal offer.

What is the interest rate for my loan? If we make you a personal offer, we will show you the full amount you have to repay, plus interest. Every one of your months your amount is the same (with the exception of your closing balance - see below) and consists of a percentage equal to the amount you have lent and a percentage equal to the interest payable on that amount during the life of the loan.

You may be charged an interest that differs from the Annual Percentage Ratio. That explanation shows how much you initially lent, your actual account balances, all interest costs and a synopsis of all your repayments to us. May I make extra loan repayments? When you make extra purchases, the amount of your total amount will not vary.

However, you will repay your loan faster (i.e. we take less money monthly). When making a call outside a package, you will be billed according to your local rates. May I repay my loan prematurely? To repay your loan early, call us on 0371 781 3058* or contact us by phone:

Stay up to date on your payment history. However, if you have applied for early payment, you must ensure that you keep up with your regular payment schedule until your loan is fully repaid. When making a call outside a package, you will be billed according to your local rates.

Can I repay my loan? If you apply for a loan from us, we will create a direct debit to receive your payment each month. This payment will be shown on your account card as Ikano Banque AB. When making a call outside a package, you will be billed according to your local rates.

When making a call outside a package, you will be billed according to your local rates. Every three months your credit card repayments are collected by direct debit. If you apply, you can select the date on which this disbursement will be made each year.