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What do I need to apply for a Snap loan?

In order to apply with Snap, you’ll need the following:
✅ A valid UK debit card
✅ A UK-based address
✅ A mobile phone number
✅ An email address
✅ A weekly income of at least £200
✅ A deposit amount, the amount will be dependent on the retailer you choose.

Does Snap run a credit check?

We will initially run a soft credit check to assess your eligibility. This doesn’t affect your credit score. We also run checks to validate your income and ID, these do not impact your credit file score.

Before finalising your agreement, we will carry out a hard credit search with credit reference agencies, and identification verification checks.

What is Pay in 4?

Pay in 4 is a feature of the loan that allows you to settle your loan in full within 4 months and we’ll cancel the interest. This is called the Pay in 4 period.

The loan accrues interest calculated from the date the loan is taken out. The interest will only be cancelled if you fully repay the amount borrowed within the Pay in 4 period.

When do my payments start?

On your loan agreement and when reviewing your pre-contractual credit information, you will be given an estimated first payment date and amount based on an estimate of when your goods will be delivered.

Once delivery is confirmed, you will receive an email confirming exactly when your first payment is due, based on the frequency/date you initially selected.