All loan applications must be applied for online. Below is a short guide to applying for a loan with RateSetter.
Step 1: Get a quote (five to ten minutes)
If you ask for a quote, we’ll ask you a few questions so we can tell you how much you can borrow and your likely APR.
Step 2: We’ll confirm how much you can borrow (in one working day)
We'll check your credit history with our credit reference agency. We carry out a ‘soft’ credit check which won't have any impact on your credit rating. We’ll email you in one working day to confirm whether you can get a loan with RateSetter and how much you can borrow.
Step 3: We’ll confirm the best APR available and ask whether you would like to accept the offer. If you accept the offer, we will carry out a ‘hard’ credit check.
Step 4: We’ll send you the money (usually the next working day)
We’ll send you the money the next working day (for loans accepted before 8pm).