Maybe you have one mortgage with our company each time, which means that your existing financing balance is actually paid back by Top-Up first, then the remaining balances can be acquired for you.

A Top-Up mortgage have a unique interest and/or mortgage phrase your existing loan, consequently you could shell out additional interest due to the Top-Up than you’d along with your latest financing.

How much cash interest do you really recharge?

Our APR range from 25.9per cent to 42.6per cent, with respect to the amount lent, your own personal circumstance additionally the mortgage items chosen.

How can I improve the chance for my personal mortgage being approved?

Check your credit history to know details presented on you that can be found to lenders whenever you submit an application for that loan.

Sample checking their credit score at no cost on Credit Karma and ClearScore, or communications all the CRAs below as information that every keeps you may vary (they may charge a fee a small charge for a copy of one’s document):

Build-up your credit score by, including:

Keeping a well-maintained credit card (remaining well below the borrowing limit and paying down completely monthly)

Having some home expenses inside title and spending all of them timely.

Ensuring you’re on the electoral roll at your latest address.

Being aware of your money, your own credit file and correcting any mistakes.

In the event that you pay rent, document their rental money to credit score rating steps, to discover timely and complete leasing repayments in your credit registers used with Experian and Equifax.

Whenever signing up to Kent Savers for a loan, it might probably let should you:

Become on the electoral roll at the recent target.

Arranged a primary debit or located order to Kent Savers to make at least one fees into the family savings before you apply for a loan.

Enjoy advantages, arrange for one of the advantages to be distributed in the family savings with Kent Savers before applying for a financial loan.

Establish a pattern of repayments in the Kent Savers family savings to show that you can manage routine payments.

If you have someone and you are clearly planning put the partner’s income as part of your application for the loan, it is recommended that the application ought to be from the companion using largest earnings.

The reason why might we end up being rejected for a loan?

The most widespread good reasons for this become:

The full total you currently owe with other loan providers renders an additional mortgage unaffordable

Issues about whether you can afford the repayments your amount of loan requested

Unpaid loans which you have with ourselves or other lenders, which may or may possibly not be in default or have obtained a court view registered against them

In case you are overstretched, an additional loan might only place force you. Alternatively, see getting in touch with one of these reputable companies free-of-charge suggestions about how-to boost your conditions or for advice about looking during your finances, to spot any extra value offered or expenditures you can reduce or relieve.

When obtaining that loan with us, it is vital that you have all support ideas back again to you as soon as possible. We are going to nearby the job if this remains incomplete after 30 days, or you opt to withdraw.

Should I repay a loan right from my personal cover?

Yes. Payroll Deduction is a perfect solution to making routine payments towards your discount or financing. Under this plan, a consented levels is actually obtained from your income on a monthly basis and compensated to your Share membership or even to pay a Kent Savers financing.

If you’re doing work for a business this is certainly section of our Payroll Deduction program simply submit a Payroll Deduction Form.

We provide paid off rates of interest on staff member financing through Payroll Deduction!