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Your Credit Rating and SAPI Loans
Receive a loan offer through SAPI and wonder if applying could affect your credit rating? Review the questions below.
Does a SAPI loan help me build my credit score?
While a SAPI loan can help build your credit score, it's important to note that there is also the possibility of a negative impact if the loan is not repaid on time. However, we encourage responsible borrowing and timely repayment, as th...
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Does a default affect my Personal Credit File?
When the borrower is a limited company, any loan default will not impact your Personal Credit file. However, it is important to note that your Personal Credit file may be impacted if we are required to obtain a court judgement or bankrup...
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Once my loan is complete, will I receive a letter of confirmation?
We understand that a letter of completion may be important to you, so we're happy to offer this service upon request. Simply contact our team and we'll be glad to assist you in obtaining the documentation you need. We're committed to pro...
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I have a loan with SAPI. Will you provide a letter of reference?
Unfortunately, we are unable to provide credit references at this time. We understand that this may cause inconvenience, and we sincerely apologise for any frustration or disappointment this may cause. If you have any further questions o...
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Does my credit score impact my eligibility?
To ensure responsible lending, we do conduct credit and identity checks as a part of our application process. While we understand that credit scores can vary and change over time, please note that your credit score does impact your loan ...
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Does applying for a SAPI loan affect my credit score?
Please note that when you submit a loan application, it is common for both soft and hard credit checks to be conducted as a part of our loan decision process. While a soft credit check may not impact your credit score, a hard credit chec...
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