What are the Criteria for Applying for a £1,500 Loan?
To be eligible for a loan with Fund Ourselves, we require our customers to be over 18 years of age and living in the UK as a full-time resident.
We need confirmation that you can afford to repay your loan, without falling into financial difficulty. Hence, our customers should be employed (either part-time or full-time) and earning a regular income to cover their repayments. We cannot offer loans to people on benefits or those who are unemployed.
Customers should have a valid UK bank account to receive their funds and to make collections from. You will need to have an email address and UK mobile phone number to electronically sign your loan agreement and so we can contact you if need be.
To be able to borrow £1,500, we will take your credit status and affordability into consideration. For instance, if you have lots of other outstanding debts, we may need to adjust the amount you can borrow so you do not feel pressured financially to pay back your loan.
However, we are able to offer loans for bad credit histories, poor credit and CCJs, providing that you have a stable and regular income and can afford to make repayments on time.