Definition
Eligibility check
An eligibility check uses a soft search to indicate how likely you are to be accepted for a credit product, without affecting your credit score. It is not the same as a full application.
Example
Using a comparison site's eligibility checker shows you are 90% likely to be accepted for a specific loan, before you formally apply.
Common misunderstandings
- An eligibility check does not guarantee acceptance — the full application may uncover additional factors.