Yorkshire Bank loan features:
- Loans available 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 Yorkshire bank loans 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
Yorkshire bank loan calculator
If you’re considering applying for a Yorkshire bank loan, you could use the Yorkshire bank loan calculator to get an indication of how much you might be required to repay. You just need to enter how much you would like to borrow, it will then show you how much your monthly and total repayments would be for a loan of that size for each loan term from 1 to 5 years. Remember that the Yorkshire bank loan calculator can only give you an idea of what your repayments could be using the lender’s Representative Annual Percentage Rate. Should you apply for a loan and get accepted the lender may offer you an APR different from their Representative rate meaning both your monthly instalments and total amount repayable would be different.
Before you apply for a loan
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 terms and conditions this means there is no single right loan for everyone. Think about what loan features are important to you. You can use the above comparison tables to see loans from various different lenders.
As well as shopping around you may want to think about any alternative options you might have to borrowing. If for example you already have the required sum in your savings you may find that it is better to use them instead. This is because the interest you earn on your savings might be less than the interest you are charged on a loan for the same amount.
You may also wish to consider other products such as an authorised overdraft.