One quick note before we get started - the current lending landscape has been hit hard by lockdown, we are doing our best to make sure the rates you get are the best.

In this article, we'll take a look at the rates that customers could get when applying for finance through Kanda. We'll also look at what type of credit score a customer should have.

What credit score does Kanda accept?

Kanda is a lender, not a broker, so we don't make any decisions as to whether your customer is accepted for finance or not. However, we have some guidelines to help customers choose the right financial product for them.

0% finance over 10 months: credit required

For customers wanting to apply 0% finance, we recommend that they have a minimum credit rating of average, and preferably a good rating. It is not guaranteed that having this credit rating will result in a successful application, it's just a guide that it is going to be hard for a lender to accept you without a rating of average or above.

It is also a hard credit check that is performed, so applying may affect someone's credit score.

Interest bearing finance: credit required

For customers wanting to apply for interest-bearing personal loan finance, then our panel of lenders will accept all types of credit from poor to good. It is not guaranteed that having this credit rating will result in a successful application, it's just a guide that it is going to be hard for a lender to accept you without a rating of poor or above.

It is also a soft credit check that is performed, so applying won't affect someone's credit score.

Interest bearing finance rates

The table below shows some example rates for customers applying for finance through Kanda. It is unlikely the customer will get this exact rate and rates will depend on many factors other than credit score, such as a customer's affordability.

Rate over 5 years

Poor Credit

Average Credit

Good Credit

£5000

35%-50%

18%-32%

From 9%

All rates are examples, actual rates may vary. This is for illustrative purposes only. You should never quote your customer a finance rate.

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