Our loans comparison service allows you to check the cheapest borrowing rates. We work with a wide range of providers, including the big loan brands, to help you borrow the money you need.
It’s simple to compare loans with us, and we'll show you your chance of being approved for each loan deal. To enhance your experience, we’ve partnered with Equifax to enable Open Banking on our loan comparison journey. Simply connect your bank account, and your eligibility results will be more accurate.
What is Open Banking?
Open Banking is a secure way to let you share your financial information with trusted companies, with your permission. It's regulated in the UK by the Financial Conduct Authority and allows your bank to safely share read-only information, such as your income and spending, using encrypted technology. You always stay in full control, and access can be removed whenever you choose. Open Banking never allows anyone to move your money or make changes to your bank account.
Why link your bank account?
Linking your bank account through Open Banking helps us give you more accurate loan eligibility results, based on your real income and spending - not estimates.
It's optional, completely secure, and puts you in control at all times.
How it works
If you choose to connect your bank account during our loans eligibility journey:
You'll be securely redirected to Consents.Online, powered by Equifax
You'll select your bank and approve the connection
Your income and spending data is securely shared with:
Equifax
Trusted Eligibility Checker Providers and Credit Reference Agencies
This information is used only to assess your likelihood of being accepted for a loan and to show you more relevant offers.
Benefits of linking your bank account
See loan offers tailored to your real finances
By using your actual income and spending, lenders can assess your situation more accurately. This means:
Offers based on your real affordability
Fewer assumptions about your finances
Improved eligibility accuracy
Without connecting your bank account, eligibility checks rely on estimates or limited data. Linking your bank account helps to:
Reduce the chance of being declined later
Match you with lenders you're more likely to be accepted for
Rates personalised to you
Lenders will have a clearer picture of your financial situation, so you may see:
More relevant interest rates - representative APRs mean only 51% of successful applicants must be given that particular interest rate. Connecting your bank helps to improve this accuracy
Offers that better suit your circumstances
Is it secure?
Yes. Linking your bank account is very secure.
We cannot see your bank login details
We cannot move money, take payments, or change anything on your account
The connection is read-only and automated
Data sharing happens through FCA-regulated Open Banking technology
How long does access last?
Your connection automatically expired after 90 days, but you can revoke access at any point directly with your bank, or via Consents.Online.
If revoking access via Consents.Online you will need to first create an account and verify your email address (please check your spam inbox just in case).
Revoking access means that MoneySuperMarket cannot retrieve any new data, but we can still use data that has been previously shared. Full information on how your information is used can be found in our Privacy Policy and site Terms and Conditions.
Do I have to link my bank account?
No. Linking your bank account is completely optional. If you choose not to connect, you can still continue your journey and check your eligibility chances, but your results may be based on less precise information.