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Loans for existing Vanquis Credit Card customers
Although Vanquis are not currently taking new Loan applications, as a responsible lender, we do check the loan eligibility of our Credit Card customers on a monthly basis.
We may offer loans directly to eligible Vanquis credit card customers via email, SMS or through the Vanquis app.
How does a personal loan work?
A personal loan gets issued as a lump sum which gets deposited into your bank account. When you take out a loan, you’ll need to pay interest on it. This means you’ll pay back more than you initially borrowed.
Interest is calculated as a percentage of the original loan amount and is what the lender charges for letting you borrow their money. Borrowers need to pay back the loan over a fixed period, this period can vary from on lender to the next.
Have you ever thought about what it would be like to finally start your plans without worrying about fitting the costs into your budget? This is not something from a movie, not even a dream. With the Vanquis Bank personal loan this is the purest reality, with fixed rates of less than 2% per month you can feel completely carefree when it comes to installments.
Could this be the long-awaited opportunity to start your financial life in the best possible way? That’s what we’ll show you here. In the first article we showed you the main advantages of this loan. Today, although we focus mainly on the application, you will also have special advice and tips regarding its use.
If you are seriously considering the idea of applying for this loan, but are afraid of finding yourself surrounded by unnecessary bureaucracy, this is the last thing that will happen with this loan.
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What are the requirements needed to apply?
When applying for a loan, the first step is to understand whether you are a customer eligible to hold the loan in question. In the case of this loan, the conditions for applying were as simplified as possible, with only two requirements.
The first requirement is to be between 18 and 75 years old at the time of applying for the Vanquis Bank personal loan, secondly you must have a bank account with Vanquis Bank. This account must be active in your name and preferably been used in the last few months.
What documents are required?
Once you have met the requirements, it is time to take the next step in applying for a Vanquis Bank loan, the step being to present the documents. When applying for credit to the bank, two pieces of information are particularly relevant: your identity and your monthly income.
Therefore, you only need to have one official document with a photo on hand, which could be a driver’s license, your passport or even your ID. And secondly, a document that proves your monthly income, we suggest you use your payroll.
Regarding documents, proof of income must be as up-to-date as possible, preferably from the same month as the credit request. As for the photo ID, your photo must be properly updated and the information must be visible.
What are the biggest uses of this loan?
The great magic of a personal loan is the possibility of using it in any way, for this you will need only one thing, your creativity. With enough creativity you can even reverse the logic of loans, where instead of spending money every month, you guarantee a net monthly return with the amounts received.
Start your own business
But, how exactly do you make money with loans instead of spending on installments? The answer is very simple, using this loan as an investment. The fastest way to obtain a return is through entrepreneurship, as this is a loan focused on beginners, it is necessary to carefully select your area of activity.
This isn’t a big problem, as there are currently several types of businesses that require a low initial investment and offer a good return.
Furnish your home
If you have just moved, then perhaps this is a good time to change not only your home, but also your furniture and with the Vanquis Bank personal loan this is possible. Do you want to buy basic furniture and appliances and have no money in your account? Vanquis Bank can help you.
With up to $10,000.00 you can buy everything you need for your home, and you can even afford to buy furniture and appliances for comfort rather than savings.
Vacation trips
Take the opportunity to apply for this incredible loan now!
The end of the year is approaching and with that comes a question: have you already planned your end of year vacation? Whether alone or with your family, $10,000.00 Pounds gives you an excellent margin for traveling. Where you can visit any place in the world comfortably and without ever having to worry about running out of money.
As in the case of previous use, the Vanquis Bank personal loan works to solve the lack of prior planning.
Our advice for those who are going to apply for a loan
If you intend to apply for this loan, then it is very important that you do not forget what the Vanquis Bank personal loan offers. This loan focuses on customers who need lower amounts or who don’t have such a high credit score, so you can play a lot more with the installments.
This way, it is possible to request average values over longer periods, including costs in the budget that would perhaps be invisible to you in any other way. In other words, be sure to use the large number of Vanquis Bank loan installments to your advantage.
The possibility of requesting credit with comfortable installments could be exactly the turning point you needed in your financial life.
Weighing advantages and disadvantages — Is it worth it?
For more experienced customers who in many cases need larger loans, the Vanquis Bank personal loan will not perform as well. However, if you are within the target audience for this loan and intend to use the amount in the recommended way, we guarantee that you will have nothing to complain about.
Therefore, there is no shortage of reasons to apply for a Vanquis Bank loan, you will not find a loan option as good as this for your credit profile. And as the saying goes, an opportunity doesn’t knock twice, so don’t let this opportunity pass you by.
Request your loan on the official website once and for all!
Check out the step-by-step instructions for applying for a Vanquis Bank personal loan below:
- Access the Vanquis Bank app or website
- Select Vanquis Bank Personal Loan
- Submit the necessary documents
- Choose the best conditions
Are you tired of chasing credit and not getting the long-awaited approval? So, click the button below and apply for a Vanquis Bank loan.
