Soft Search Loans
Want to know if you’re likely to be accepted before you apply? A soft search loan lets you check your eligibility first. It won’t affect your credit score and other lenders can’t see it. With Oakbrook Loans, you’ll see a personalised quote before you decide to go ahead.
months
36 monthly repayments of
£192.18
Total repayable
£6,918.52
Representative example
Borrowing £5000 over 36 months at Representative 24.9% APR and interest rate 24.9% p.a (fixed) with monthly repayments of £192.18 and a total amount payable of £6,918.52. This example is for illustration purposes only. The rate and term you are offered is dependent on your individual circumstance. Rates from 19.9% APR to maximum 38.9% APR. Loan terms for 12 – 60 months.
When consolidating your existing borrowing, you may extend the term of your debt and increase the total amount you repay.
| The short answer | |
|---|---|
| ✓ | A soft search loan isn't a separate type of loan. It's our unsecured personal loan, with an eligibility check before you apply. |
| ✓ | Checking your eligibility uses a soft search. It won't affect your credit score, and other lenders can't see it. |
| ✓ | If you're eligible, you'll see your APR, monthly repayment and total amount payable before you decide. |
| ✓ | A soft search isn't approval. If you go ahead, we'll do a full credit check, which will show on your credit file. |
| ✓ | We're a direct lender, not a broker. We make the decision on your loan. |
How do soft search loans work?
A soft search loan is a personal loan where you check your eligibility with a soft credit search first. A soft search looks at your credit file without leaving a mark that lenders can see. Use our loan calculator to choose how much you’d like to borrow and over how long. You’ll see your monthly repayments and the total amount you’ll repay straight away.
Getting a personalised quote is simple. Tell us about you and we’ll check your eligibility for an unsecured personal loan. If you’re successful, we’ll show you the APR we can offer, your total amount payable and your monthly repayment. We use your credit history and personal circumstances to do this. Where you’ve agreed to share it, we’ll also use Open Banking data to check the loan is affordable for you. If you accept your quote and go ahead, we’ll do a full credit check at that point.
How do I apply?
When applying for one of our unsecured personal loans there are three simple steps to follow:
1. Tell us a bit about you
2. Get an instant response
3. Single monthly repayment date
Ready for your personalised quote?
months
36 monthly repayments of
£192.18
Total repayable
£6,918.52
Why apply for a soft search loan?
Every hard credit search shows on your credit file. Too many in a short time can make it harder to borrow. A soft search lets you see where you stand first, so you only apply when you’re ready. Your online account lets you manage your money anytime, wherever you are. Other advantages include:
- Check your eligibility without affecting your credit score.
-
See your rate before you commit.
Your quote shows your APR, monthly repayment and total amount payable before you decide.
- Instant eligibility decision.
- We’ll try to pay your money into your bank account as soon as possible. During busy periods, this could take up to 5 working days.
FAQs - People Also Ask
A soft search loan is a personal loan you can check your eligibility for using a soft credit search. It lets you see if you’re likely to be accepted, and what rate you could get, without affecting your credit score. You only have a full credit check if you choose to go ahead.
A soft search is only visible to you. It doesn’t affect your credit score and other lenders can’t see it. A hard search happens when you make a full application. It shows on your credit file, and lots of hard searches in a short time can affect your ability to borrow.
No. A soft search doesn’t affect your credit score. You can check your eligibility with Oakbrook Loans without it showing to other lenders. If you accept your quote and continue, we’ll do a full credit check, which will show on your credit file.
Not always. A soft search tells you if you’re likely to be accepted and shows you a personalised quote. Before we lend, we complete a full credit check and confirm the details you’ve given us. We’ll only lend if the loan is affordable for you.
Yes. Checking your eligibility won’t affect your credit score, so you can see where you stand. We look at your whole situation, including your credit history and income, not just your score. We’ll only offer a loan if we think you can afford the repayments.
You’ll see your eligibility decision on screen after you tell us about you. If you’re accepted and go ahead, we’ll try to pay the money into your bank account as soon as possible. During busy periods, this could take up to 5 working days.
Yes. You can pay off all or part of your loan at any time. If you pay it off early, we may charge up to 2 months’ interest. You’ll usually still pay less interest overall than if you kept to your original term.