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Loans eligibility checker

Compare loans you’re most likely to be accepted for

  • See loans from a wide range of providers
  • Find loans you’ll be guaranteed to get
  • It doesn’t harm your credit score
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What is the loan eligibility checker?

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. Our loan eligibility checker shows you the guaranteed interest rate, loan amount and duration you’ll get if you’re accepted. 

When you see a Guaranteed Rate, you know that if you’re accepted, you’ll definitely get the deal you see. 

How to compare loans with MoneySuperMarket

Using our loan eligibility checker is easy, and helps protect your credit score

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It doesn’t take long

Tell us a bit about yourself, the loan you need and what it’s for

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We browse the market

We search through loans from a wide range of lenders in the market

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Compare loans

You'll be able to sort loans by cost and the likelihood you'll be accepted

Why should I use the eligibility checker?

Using our Eligibility Checker gives you a better chance of being approved for a loan. Eligibility Checker shows you the guaranteed interest rate, loan amount and duration you'll get if you're accepted, so you know where you stand before you apply. This way you can weigh up between the deals you'll definitely get and those you might not.

You give us some information about yourself, including your name, address and employment details, and we use this to find your credit file. We match your credit file to the criteria credit card companies give us about what kind of customer they accept, and use this to work out your score to show how likely you are to be accepted for each card. Don’t worry, we don’t leave a footprint on your credit file, so your credit score won’t be affected.

So that we can make sure we’ve got the right credit file. We only use your data to find your credit file, so we can work out your eligibility score for each loan. We won’t contact you if you ask us not to.

It only takes a few minutes to give us the information we need to find your credit file and show you how likely you are to get each loan.

It’s important to know how your credit file and credit score affect your financial situation.

Credit rating agencies build up files on all of us based on a mix of publicly-available information (such as whether you’re on the Electoral Roll) and data from financial companies about products you have or have had, such as loans and credit cards.

From this they calculate a credit score, which companies check when they’re working out whether to give you a product, and on what terms. Managing your finances well and always paying off what you owe in time will give you a good score. Missing payments, as you’d expect, will lower your score.

Every time someone looks at your file, it is recorded as a ‘hard’ or ‘soft’ search.

Finance companies make hard searches when you apply to them for a credit product, and each hard search remains on your credit report for two years. This matters because, for many lenders, a clutch of hard searches in a short period suggests you might be struggling to get a product, or that you’ve opened several accounts that could prove difficult to manage.

Soft searches occur when you or someone else looks at your file, but not in connection with an actual application. For example, when you put your details into our Eligibility Checker, we look at your file and work out how likely you are to be accepted for a range of deals, based on what we know about various firms’ acceptance criteria.

A ‘pre-approval’ search leaves no trace, so it won’t affect your score. You can use the Eligibility Checker as often as you like over any period without risking damage to your file.



How do lenders decide if I’m eligible for a loan?

Lenders will make their decision on whether to lend you money based on your ability to pay it back, so they’ll take the following into account:

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Your income and employment

A regular income and a steady job show signs of financial stability, so lenders will be more willing to lend you money

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Your credit history

A positive history of borrowing and repaying also
helps prove you can be trusted to take out a loan

We compare offers from a wide range of lenders from across the market

We work with a wide range of providers. Including most of the big brands to help you borrow the money you need

company logo for Tesco bankcompany logo for Hitachicompany logo for Admiralcompany logo for Zopacompany logo for Virgin moneycompany logo for Santandercompany logo for Sainsbury's bank

Our loan eligibility checker uses a ‘soft search’, which leaves no mark on your credit score at all, so lenders won’t be able to see the searches we’ve made. However, if you apply for a loan this will leave a record, as lenders will then look at your credit report – this is what they call a ‘hard search’.

After using the eligibility checker, you’ll notice it appear in a section of your credit report titled ‘soft searches’, rather than ‘hard searches’. It’ll show clearly who made the search.

We use the minimum amount of information required to get an accurate eligibility score for you, which includes:

  • Your name, date-of-birth and address to identify your credit report
  • Marital status and financial dependants to estimate your expenditure
  • Employment, income, and rental or mortgage payments to get a picture of your financial circumstances
  • How much money you need, over how long and for what purpose, to judge whether you’ll be able to repay it

Some lenders will already have some information about you and your finances, perhaps from previous accounts you’ve held with them, so they won’t need any more information about your finances so long as you apply within 24 hours of doing the eligibility check.

If you’re just shopping around or wondering if you’d be accepted, it probably isn’t worth the mark it’ll leave on your credit report. However if you really need this loan and it’s the most likely of all your options, then a small chance is better than no chance.

MoneySuperMarket gives you lots of clever ways to save a lot, by doing very little.

  • Take control of your credit score by checking and improving it for free with Credit Monitor
  • Never overpay again with Energy Monitor, our energy monitoring service
  • Over 50 ways to Get Money Calm

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

But you might have other questions. Do we provide access to all the companies operating in a given market? Do we have commercial relationships or ownership ties that might make us feature one company above another?

We commit to providing you with clear and informative answers on all points such as this, so we have gathered the relevant information on this page.