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Do I need a bank account to take a loan?

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TitleDo I need a bank account to take a loan?

Yes, you'll need a UK bank or building society account, registered in your name and to your current address. The account must also accept Faster Payments. You can check if your bank account accepts Faster Payments here. This is the account that we will pay your loan into and also take your monthly loan repayment from, by Direct Debit.

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