Does checking a loan rate affect your credit score?
By TODO Author · Updated
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Lenders check your credit record before they offer a loan. Demo article for the template preview: it shows how a second subtopic appears on the section page and in related articles.
Soft and hard enquiries
A soft enquiry gives an indicative rate. A hard enquiry is part of a full application and appears on your credit report.
Comparing loan offers safely
Compare the total amount repayable and the monthly instalment for the same loan amount and term, then apply in full only once.
Partner offersAdvertisement
Demo Lender A
Personal loans with a fixed monthly instalment
R2 000 – R50 000 amount6 – 60 months termSame day decision
Demo Lender A is a registered credit provider, NCRCP 00000 (demo). Representative example: TODO.
Demo Lender B
Debt consolidation loans for existing customers of other banks
R10 000 – R250 000 amount12 – 72 months term
Registered credit provider NCRCP 00001 (demo).
Demo Bank C
Savings pocket with no monthly fee
R0 monthly feeApp, instant access
Demo Bank C is an authorised financial services provider, FSP 00000 (demo).