Eligibility and affordability

Find out your chances of getting a loan before you apply without negatively impacting your credit file with the TruQuote ‘soft search’ eligibility checker.

TruQuote’s loan engine will calculate your percentage chances of getting a loan before you apply, enabling you to only apply for loans you’re likely to get.

Understand more about lending decisions

Whether you are accepted for a loan and the rate offered depends on each lender’s individual criteria, based on what is known in the industry as a “scorecard”. This will be comprised of information provided to the lender directly by you, and from your credit file.

Types of Loans we show on Everything Financial

Personal Loans

The term “personal loan” is usually used to describe unsecured lending, which is typically for loans of between £1,000 - £50,000, over terms ranging from 1 and 7 years.

An unsecured loan means that the borrowing is not secured against an asset. So if you don’t keep up repayments, the lender cannot directly seize the asset from you.

The best rates for unsecured personal loans are usually limited to individuals with squeaky clean credit files and extensive credit histories.

Find a personal loan

Car Finance

Car Finance is a form of secured lending where the lender will own the car until the agreement is completed.

The 2 principal types of car finance are Hire Purchase and PCP. Hire purchase is very similar to a standard loan, except the car only becomes yours once you have made your final monthly payment.

A PCP deal will allow you to borrow more for the same monthly payment, but you will have to pay a significant lump sum at the end of the agreement to own the car or alternatively you’ll be able to hand it back instead.

Find a car loan

Homeowner Loans

Homeowner or Secured lending is directly linked to an asset, usually your home. If you fail to keep up with your repayments, the lender can take control of the asset to recoup their money.

Secured loan lending decisions are influenced by the quality of the asset and your perceived ability to repay (known as affordability), as well as your credit history. This often means it is possible to borrow significantly more, at a lower rate than with an unsecured loan. However, the loans are normally over a longer term and you may therefore end up paying more overall.

Your property may be repossessed if you do not keep up repayments on your mortgage.

Find a homeowner loan

About TruQuote

Everything Financial is an exclusive partner of TruQuote, a loans technology company that aggregates results from a range of Fintech’ partners.

We believe that TruQuote offers a compelling service that will allow you to find borrowing options to fit your circumstances. The TruQuote loan engine will provide an indication of your chances of being accepted for a wide range of personal loan, hire purchase, homeowner (secured) loan and remortgage products all in one place.

Searches using TruQuote will not impact your credit score.

Why Compare Loans on Everything Financial

Buying a car

There are various finance options when you come to buy a car – one is taking out an unsecured loan. This may be a cheap way to borrow the money, depending on your credit history, if you are unable to buy a car with cash upfront. But you should compare all the finance options available before deciding which is right for you, including hire purchase (HP), for example.

Find a car loan

Home improvement

Doing up or extending your home is a great way to add value to your home – as well as giving you and your family a wonderful place to live. We can help you find the right home improvement loan for you.

Find a home improvement loan

Consolidating debts

If you have various debts, it’s possible to combine these and pay them all off in a single loan. This is known as ‘debt consolidation’.

However, make sure you understand the terms and conditions for any loan you take out. Think carefully against securing other debts against your property.

Find a consolidation loan
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