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. Annual Interest (fixed) is 125% per year 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.
Guarantor Loans
If you are looking for a loan, you may be aware that some lenders require you to have a guarantor in order for them to agree to lend to you.
But why is this the case? What exactly is a guarantor loan? A guarantor loan is a loan that requires someone else to guarantee the loan for you. If you are unable to make your loan repayments, your guarantor will then be required to make them on your behalf. Having a guarantor can make taking out a loan much more complicated. You need to find someone who is willing to help you, and get them involved in the loan process. Your guarantor will also have to undergo a credit check so that the lender is confident they would be able to afford to repay your guarantor loan if you were unable to do so.
This is a lot to ask from someone, and it could get embarrassing if things go wrong and they have to step in and take over the loan for you.
A better option than a guarantor loan may be to find a lender who doesn’t require a guarantor. And it is possible to take out a loan even if you have a less than perfect credit score.
For example, Fair Finance offers personal loans of up to £1000 and you do not need a guarantor. We will not hold poor credit history against you, but will consider your application according to your current financial circumstances and whether the loan is affordable for you. To apply online for a loan with Fair Finance, simply press the Apply Now button. Or, if you prefer to apply by phone, you can call us on 020 8988 0627.
Want to know more?
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 receive benefits. Can I still apply for a loan?
Yes. Many of our clients receive benefits. The most important factor for us is to make sure you are on top of your finances and can afford our loan.
How long does it take to get the money in my account?
After you have completed your online application form and submitted your bank statements, our team gets back to you with a decision within one working day or 24 hours. Remember, if we don’t have your bank statements, we won’t assess your application. In some cases, we may need to require extra documents such as a proof of ID or address. Once all documents are provided, the loan contract can be signed. Once it is signed, we deposit the money in your account on the same day during week day, and on Monday if you sign your contract on the weekend.
Any more questions?
Money worries? Need information or Advice?
