Yorkshire Bank Loans
Whatever the reason behind you wanting to borrow money, Yorkshire Bank loans might be right for you.
Yorkshire Bank loan features:
- Borrow from £1,000 to £25,000
- Repayment dates between 1 and 5 years (available for 7 in some cases)
- Available to new and existing Yorkshire Bank customers
- Aims to give same day decisions between 8am and 10pm Monday to Friday
To be eligible for a Yorkshire Bank loan you must
- Be either a new customer, aged 23-74 with a minimum annual income of £15,000, or an existing customer of the bank aged 18 or over.
- Have a permanent United kingdom address
- Have a good credit history
- Have a United Kingdom bank account
Although the maximum Yorkshire Bank loans is £25,000 that does not guarantee you can borrow this amount. Most lenders will calculate how much they are willing to give you by reviewing your personal financial circumstances like; how much you earn, your credit score and any existing credit commitments.
The size of your monthly repayments may also vary from those you found using the Yorkshire bank loans calculator, as your financial circumstances may influence the lender’s decision on what APR they would be willing to give you.
When taking out any kind of loan you should shop around to find the best deal available for you. Like most financial products loans can vary hugely between plans and lenders. Because they have different APRs as well as terms and conditions this means there is no single right loan for everyone.
You can use the calculator on this site to compare over 200 different loans from over 20 different lenders to help you see what the best choice for you is.
Things to consider
Before you take out a loan you should make sure it really is the best option for you, think about any alternatives before you commit to a plan. If you have any savings it might be beneficial to use these instead, as the interest you pay on a loan may be higher than any interest you earn from your savings.
There are other types of borrowing than personal and home owner loans such as authorised overdrafts and credit cards you might wish to consider.
If you are thinking of taking out a loan to consolidate debt understand that spreading your payments over a longer term could mean you ultimately pay more overall than you would with your existing arrangements, even if the interest rate on the new loan is less than the rates you have at the moment.