Applying for a first loan

Start with a repayment plan

List your regular income, essential expenses and existing debts. Choose an amount and date that leave room for unexpected costs. A calculator result describes a scenario; it does not show what a lender will approve.

Prepare for the provider’s checks

The lender may request identity, income and bank-account information. Confirm its legal name and registration before sending documents, and use the document-upload channel it supplies. Read the application checklist and document guide.

Read before accepting

Compare the amount received, total repayment, fees, insurance, dates and late-payment terms. Save the quotation and the agreement. Ask the lender to explain any difference between an advertisement and the written offer. BluCross’s application links lead to an external website; the calculation here is not that website’s quotation.