Personal Quote Terms and Conditions

 

If you proceed with a Personal Quote, you agree as follows:

  • The information that you have provided is accurate;
  • We may refuse to provide a Personal Quote or allow you to complete a loan application if you submit multiple requests for a Personal Quote with differing information;
  • We may use information provided by Credit Reference Agencies to validate information about you. Any search of your credit file we make before providing you with a Personal Quote will only be a quotation search, not a full credit application search. You will be able to see the search if you look at your credit file, but it will not be seen by other lenders;
  • The information you provide will be used to assess whether a loan is affordable for you;
  • Information we hold about you as a result of an existing or previous relationship with NewDay Ltd may also be used to assess your eligibility;
  • If you do apply for a loan, the information we receive from and about you in relation to your Personal Quote will be retained and form part of your full application for the loan.
  • We will store any information we receive about you while preparing your Personal Quote securely, whether or not you proceed with a full loan application, to help us analyse and develop our products and services and to make sure that we offer you with the most appropriate product;

 

Your Personal Quote may tell you that, based on the information you provided:

  • You are unlikely to be accepted for the loan you have asked for; if this is the case, we will not allow you to continue with an application; or
  • You are unlikely to be accepted for the loan you have asked for but we may be able to offer you a loan for a lesser amount or over a different repayment period and you can proceed to complete your application on this basis; or
  • You are likely to be accepted for the loan you have requested, and you can proceed with a full application. Please note that the APR may be different to that presented in the Quick Quote.

The results of your Personal Quote do not constitute an offer of credit. We may still decline your application if we cannot complete the bank account verification or obtain any other documents that we require from you.

For information about how NewDay uses your data, see the Privacy Notice