Likely Loans Quotation Terms and Conditions

The Service

By completing the form and submitting your details you agree to the Quotation Terms and Conditions of Likely Loans and you are confirming that you have read our Privacy Policy which contains important information about how we will use and store your information.

  • The service includes a check of your credit record and of the information you have provided, this is used to provide an initial indication of eligibility for a Likely Loans product, on a credit scoring basis using Likely Loans' own credit scoring methods and where provided using your bank transactional information.
  • The Service will commence when you submit your information and will continue until:
    • you become a Likely Loans customer
    • we discover your information is no longer up to date
    • you tell us you no longer want to use the Service
  • The credit scoring methods used in the Service are only relevant to Likely Loans as other lenders will use different scoring methods.
  • The product suggestion provided by the Service does not constitute an offer of credit and you may be declined once a full assessment of your application has been completed.

If you are unsuccessful we will, provided you have given us permission to do so by ticking the relevant box, pass the information you have provided onto a third party who will then be able to assess your eligibility for a loan from their panel of lenders. More information about this can be found in our Privacy Policy.

Use and Storage of Your Information

Please refer to our Privacy Policy for information on what data we will collect and how we will use it.

  • If you do decide to proceed to make a full application for a Likely Loan, you will be provided with further information about how your information will be used and stored, this can be found in our Privacy Policy and in our Loan Terms and Conditions.

Sharing your information

  • The personal information we collect from you will be shared with Credit Reference Agencies and fraud prevention agencies. Fraud prevention agencies will use it to prevent fraud and money-laundering and to verify your identity. If fraud is detected, you could be refused certain services, finance, or employment. Further details of how your information will be used by us, Credit Reference Agencies, fraud prevention agencies, and your data protection rights, can be found in our Privacy Policy.

For more information on ‘who we may share your data with’ including Credit Reference Agencies please refer to our Privacy Policy.

Your Rights

You have rights under General Data Protection Regulation including the right to receive a copy of the information we hold about you. Your rights are detailed within our Privacy Policy. Please refer to our Privacy Policy for more information.