Applying for a loanApplying for a RateSetter loan through giffgaff gameplan is a pretty straightforward process, but just to make sure you now what to expect here’s how it works:
Step 1 - Ask for a personalised quote
You’ll want to know what you can get, right? First off you’ll need to apply for a loan quote, which is completely personalised to you. RateSetter will just ask you a few questions so they can decide the loan amount and rate that would best suit you.
Step 2 - Apply for the loan
If you’re happy as Larry with the quote, simply answer a few more questions to complete your application.
RateSetter will then get going with a check of your credit history, which won't have any impact on your credit scores. Learn more about credit scores
You should receive a decision by email within one business day to confirm if your application has been successful and how much you can borrow.
Step 3 – Confirm details and accept
Once you’ve received a loan approval from RateSetter you need to check the details and click confirm to accept the loan agreement and related RateSetter terms and conditions.
Step 4 – Receive the money
It’s generally a speedy process and the money should be in your account within 24 hours of you accepting the loan. If you accept your loan before 2pm Monday to Friday you can pay £12 to have it transferred the very same day (excluding bank holidays).
Learn more about:
What is giffgaff gameplan?
Managing your loan
Dealing with debt