Alternative to Credit Union Loans
We provide an alternative to Credit Union Loans
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Representative Example
If you borrow £500 over 12 months, your total repayment is £929.40. Your monthly instalments will be £74.95 and a one off 6% administration fee of £30. With a 280% Representative APR.
New customers can apply for a loan of up to £1000 for between 6 and 12 months. Existing customers can apply for a loan of up to £3,000 for a maximum 18 months.
Alternative to Credit Union Loans
How Fair Finance can be a good alternative to credit union loans
At Fair Finance, we offer a good alternative to credit union loans. Unlike many credit unions, Fair Finance:
- doesn’t require you to save before you borrow with us
- understands that sometimes there are emergencies that need to be addressed
- offers small, short term loans with a low minimum loan size and loan duration
Our service is very fast: if you come to one of our branches, you will get an immediate decision and if you are approved, the money will be in your account by the next day. If you apply online, we give you a decision within 24 hours.
Fair Finance loans are competitively priced, and are almost always cheaper than payday loans and home credit loans. However, our loans are more expensive than credit union loans and bank loans. We always advise our clients to shop around before taking out a loan. Use our calculator above to see how affordable our rates are!
The Fair Finance Service
As a first time client with us, you can:
- borrow up to £800
- repay over 26 to 52 weeks (6 to 12 months)
- choose weekly, biweekly or monthly repayments to make it easier and more convenient to repay
When you apply online, we aim to come back to you within one working day, but usually we come back in a few hours.
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WHY BORROW A FAIR PERSONAL LOAN
Bad Credit? On Benefits? New to the UK?
Discounts for existing customers
No hidden surprises
LET US ANSWER YOUR FAQ’s
We are a direct lender providing affordable loans of up to £3000
Why should I come to Fair Finance?
Fair Finance is a social enterprise. We aim to tackle financial exclusion. We build products for people with financial problems. We offer the cheapest price we can that is responsible and sustainable. We are actively transparent clear and honest.
I am not working can I apply for a loan?
Yes, we lend to those who are working or are on benefits.
What documents do I need?
Our aim is to make applying for a loan as easy and convenient as possible. We'll use electronic identity and credit checks, as well as bank statements to assess your application. In most cases, this is all we’ll need. However, if we can’t verify certain information this way we may ask you for more documents such as payslips or benefits letters, a proof of ID or proof of address.
Any more questions?
Money worries? Need information or Advice?
