Who can apply for a Abound Loan? 🕴🏻

To be eligible for an Abound loan, you must meet our core requirements regarding age, residency, and financial status.

Please review the criteria below before starting your application.

Age and Residency

• Age: You must be at least 18 years old at the time of your application.

• UK Resident: You must have a valid UK residential status and address. This includes UK citizens, permanent residents, and those with valid work permits or long-term visas.

• Right to Remain: If you hold a non-UK passport, you must have at least 6 months remaining on your right to stay in the UK. During our ID verification process, you will be required to provide a 9-digit government immigration status share code or a valid visa.

Banking and Income

• UK Bank Account: You must have at least one valid UK bank, building society, or credit union account that supports Open Banking.

• Account History: Your primary banking account (where your income is deposited) must be at least three months old.

• Income: You must have a regular, steady income that allows you to comfortably afford the monthly repayments. We use Open Banking to verify this income in real-time.

Credit History
We believe your past shouldn’t define your future. We can lend to customers who have previously defaulted or received CCJs, provided these were related to one-off historical situations that have since been fully resolved.

Exclusions (When we cannot lend)
To ensure we are lending responsibly, we generally cannot approve applications if:

• You are currently behind on existing debt repayments.

• You have recent, unresolved credit defaults or active CCJs.

• Your bank transactions show significant levels of gambling, high-risk investments, or cryptocurrency activity.

• The loan is deemed unaffordable based on your current monthly spending

Ready to apply?

If you meet the criteria above, you can get a quote in minutes without affecting your credit score. Abound | Loans made for you.