Payment holidays for peace of mind
One advantage that stands out in the MBNA personal loan is the possibility of taking a payment holiday for two periods during one year. But this should only be considered in extreme cases, since you will continue paying interest.
Requirements of the MBNA personal loan
Now it’s time to learn a little more about the requirements of the MBNA personal loan. Among them is the need to be a UK resident, be 18 years or older, be in paid employment or have regular income, and not have had credit refused recently.
These are the MBNA loan requirements you will encounter in your process, but the bank may carry out different credit checks for each client profile.
Advice for you
In general, the MBNA personal loan combines modern digital tools — such as seeing your rate before you apply — with flexible payment options and transparency in charges.
However, as we said earlier, be careful when taking payment holidays to avoid accumulating too much interest. In addition, create a budget that covers instalments throughout the entire loan term to avoid pauses.
How to apply for the MBNA personal loan?
Now that you already know the requirements of the MBNA personal loan, click the button below to be redirected to the bank’s official website to start your online quotation and application process.
