Skip to content
Did you know your browser is out of date?
To get the best experience when using our website we recommend that you upgrade to the latest version of one of these browsers.

Loans eligibility checker

Find out whether you’re eligible for a loan before applying

  • Quick and easy to use
  • Searching won’t harm your credit score
  • See your eligibility across a range of lenders

Why use our eligibility checker to find your next loan? 

Applying for a loan can be stressful. There are so many options to choose from and it’s hard to know whether you’ll be approved - and what deal you’ll be offered.

When you apply for a loan this is recorded on your credit file. That means it's better to be accepted first time. That’s because too many marks on your file can cause your credit score to fall.

Our eligibility checker can help you see which loans you have the best chance of getting. The higher the score, the stronger chance you have of being approved. That way you can apply for a loan with greater confidence.

We’ll also include any loans you’re pre-approved for – meaning the deal you see is the deal you get, with the interest rate, loan amount and duration all guaranteed.



How does the eligibility checker work?

Our loan eligibility checker is quick and easy to use and we’ll show you your chances of being approved for a wide range of deals. 

  • one


    Tell us some information about you and your financial situation, plus the amount of money you’re looking to borrow and for how long

  • two


    We’ll search the market to find loans you might be eligible for. This is a ‘soft search’ and won’t leave a mark on your credit file

  • Results

    See loan deals alongside your chance of approval. Eligibility is scored as a percentage – over 70% shows a strong chance of being accepted

What type of loans can I check my eligibility for?

MoneySuperMarket’s loan eligibility checker caters for all types of loan including the following:

  • car icon


    If you need a new car, a car loan can help you spread the cost into more manageable repayments

  • cards icon

    Debt consolidation

    A consolidation loan can restructure what you owe into one monthly repayment making your debts easier to manage

  • Wedding

    A wedding loan can help reduce stress by managing the cost and minimising money worries leading up to your big day 

  • Holiday

    A holiday loan can help towards the cost of your annual family holiday, honeymoon or retirement trip of a lifetime 

  • Large purchase

    There could be other reasons you need to borrow, such as making a large purchase - caravan, boat or a new boiler - where you don’t have immediate funds

With a pre-approved loan, the deal you see is the deal you get

When you apply for a loan, it’s not always clear what deal you’ll be offered or whether you’ll be accepted. Our loan eligibility checker will show you any loans you’re pre-approved for – meaning the deal you see is the deal you’ll get.

  • question set image

    Apply with confidence

    If you’re pre-approved, the loan amount, interest rate and duration of the loan will be confirmed - pending final checks from the provider

  • chance of approval image

    Personalised results 

    You’ll be pre-approved for a loan based on your credit score and finances, so all the results you see are tailored to you

  • Credit Monitor image

    You’re in safe hands

    With a pre-approved loan, you don’t need to worry about being turned down and there’s no risk to your credit score

What information do I need to give for the loan eligibility checker?

 You’ll need to supply a few personal details so we can search the market for loans to suit your needs:

  • Tick icon

    Full name and address

  • Tick icon

    Date of birth

  • Tick icon

    Marital status

  • Tick icon

    Whether you’re a homeowner

  • Tick icon

    Your employment status

  • Tick icon

    Details of your income and outgoings

How to compare loans with MoneySuperMarket

Comparing loans couldn’t be easier with MoneySuperMarket. Our eligibility checker will show you the deals you’re most likely to be approved for – so you can protect your credit score.

  • clipboard icon

    Tell us about yourself

    We'll ask you a handful of simple questions about you and your financial circumstances, and what you need from a loan

  • search icon

    We browse the market

    We'll sift through a wide range of providers from across the market, and show you loans tailored to your needs

  • coins icon

    Choose the loan

    You’ll be able to order deals by interest rate, loan amount or duration and see your chances of being accepted, including any pre-approved deals, before you apply



What if I’m not eligible for any loans?  

Lenders make loan decisions based on your ability to pay back what you’ve borrowed, so they’ll take into account your income and employment and also your credit history.


The better you’ve handled credit in the past and the higher your credit score the more likely you are to be accepted for a loan. But the good news is when you search with MoneySuperMarket you won’t affect your credit score.


If you find you’re not eligible for any loans then it’s worth looking at your credit file to see if you can improve your rating. Our credit monitor service allows you to see you score and get personalised tips to help increase it. 


Both types of search use your financial information to give an idea of whether you’ll be accepted for borrowing, but a soft search does not leave a mark on your credit file.

A soft search might be conducted to show your chances of getting a loan or credit card - as happens with MoneySuperMarket searches. It’s only when you make the actual application that a ‘hard credit search’ takes place - and this is done by the prospective lender. 



You may be able to get a loan with bad credit, but it will depend on your personal situation and the criteria of the specific lender. There are lenders who specialise in loans for bad credit, but typically the interest rate will be higher, and you will not be able to borrow as much. Checking your credit report and seeing what action can be taken is often the first step to improving your credit rating



When you’ve applied for a loan and there has been a ‘hard credit check’ that will have been recorded on your credit file – but it won’t show as a rejection. The problem is if you then go on to apply for other loans the previous ‘hard search’ will show up and this could act as a red flag to potential new lenders – as they will assume you were rejected. The more ‘hard credit searches’ you have in a short space of time the worse it will be for your credit rating. For this reason using MoneySuperMarket’s eligibility checker first – can give you a good idea of whether or not you’ll be accepted for a loan BEFORE you apply. This is a soft search and won’t affect your credit file or score.



APR stands for Annual Percentage Rate and represents how much it’ll cost to borrow money for a given loan. It’s calculated by taking into account the annual interest rate and any additional fees and charges. You might see the term ‘representative APR’ on adverts for loans. This means that the interest rate quoted only has to be offered to at least 51% of successful applicants, so it may not be the actual rate you get when you apply.


Most unsecured personal loans will have a fixed interest rate for the duration of the loan which means as long as you maintain your monthly repayments they shouldn’t change.

Consider what you need the money for and how much you need. While you can take out loans for different reasons, for example, a new car or home improvements, or to consolidate debt, most loans work in a similar way – providing a lump sum that you pay back over time with interest. 

Look for a loan with a low interest rate to keep repayments down and remember borrowing more than you need will mean you pay back more interest, as will borrowing the money over a longer period. However, you also need to be comfortable you can keep up repayments, so sometimes extending the loan over a longer term can be beneficial as this can bring monthly repayment costs down.

Loans have a 14 day ‘cooling off’ period, where you can cancel and pay back any money borrowed, including interest for the time the loan was active. Notice of withdrawal can be given in writing or verbally.

Taking out a loan isn’t something that should be undertaken lightly. Read the terms and conditions and make sure you are happy before proceeding because contracts are legally binding and can be difficult to cancel without financial penalty. 

Your credit rating is a score that represents your creditworthiness to credit lenders based on an analysis of your credit history (your history of borrowing and paying back credit).

 The higher your score, the more likely you are to be accepted for future credit applications. If your score is low, there are ways to improve it. MoneySuperMarket’s credit monitor lets you check your credit score for free and gives you tips on how to improve it.


You work hard to earn your money, and we don’t think you should waste a penny of it paying over the odds on your household bills. That’s why at MoneySuperMarket, we’re on a mission to save Britain money.

  • Whip your credit score into shape with Credit Monitor
  • Super save over and over again with Energy Monitor
  • There are always more ways to save with MoneySuperMarket 

So how do we make our money? In a nutshell, when you use us to buy something, we get a reward from the company you’re buying from.

You might be wondering if we work with all the companies in the market, or if our commercial relationships with our partners might make us feature one company above another. We’ve got nothing to hide, and we want to give you clear answers when it comes to questions like these, so we’ve pulled together everything you need to know on this page.