Experian Loan Results

[IknowIcan]

I want to apply for a home improvement loan and have a good credit score. I want to borrow £15k. I'd prefer to repay over 7 years.

I've input details to Experian. I'm getting a quote for AA with 3.4% interest over 7 years with 95% likely success rate.

I'm getting quoted an M&S loan over 5 years with likely 90% success rate with only 2.9% interest. When I go to 'view and apply' for the M&S one I see I can apply for the loan over 7 years still at 2.9%. Am I running a risk of being turned down however if I go for the M&S one over 7 years since it didn't 'come up' in the list of 7 year loans on Experian?

Grateful if anyone can advise?

I don't want to inadvertently lower my credit score with a refusal since I really do want/need the home improvement loan.

Isn’t it cheaper to borrow against your mortgage, that way the loan is secured against your property and more likely? I always funded large home improvements this way; extensions, loft conversion, kitchen/bathroom replacement.

So, what option did you choose and was you pleased? I'm also going to take out a home improvement loan, so any advice is appreciated.