Finance Eligibility Criteria download as PDF
Eligibility Criteria To be eligible for consideration for a Consumer Finance Product,
an applicant must be:
(a) Over 18 and under 80 years of age, although other Applicants may still be able to proceed where a suitable supportive applicant is available (see below);
(b) A United Kingdom national, citizen and a permanent resident with a minimum qualifying residency period of twelve  months. (Evidence of rights to remain may also be required);
(c) An overseas national with a working visa and sufficient ‘rights to remain’ to cover the loan term;
(d) Earning a minimum of £10,000 per annum from employment, self-employment, contract work or with other confirmed income(s);
(e) A full-time student, apprentice or other vocational trainee with confirmed income of at least £10,000 per annum (student loan will not be considered income);
(f) An unemployed individual with confirmed (and evidenced) long term medical welfare benefits;
(g) A homeowner or a contracted tenant (including living with parents);
(h) A supportive applicant (see below);
(i) Able to evidence a minimum of 3 years’ continuous address history.
A “supportive applicant” is defined as a potential borrower who is willing to enter into a Credit Agreement in order that a Patient who may not meet the above Lending Criteria, may receive treatment. Allowable supportive applicants are:
(a) An immediate family member, including:
- A parent or grandparent on behalf of a child;
- An adult on behalf of a parent or grandparent;
- An adult sibling.
(b) A spouse, including:
- A married spouse (husband or wife);
- A civil or co-habiting partner.
(c) A non-blood relationship:
- A legal guardian on behalf of their Wards of Court.
Supportive applicants must enter into a Credit Agreement in their own name as primary obligor, not as guarantor or surety and will be assessed as would any other borrower