Loans for Universal Credit
We are a direct lender providing affordable 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. 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.
Loans for Universal Credit
At Fair Finance we will consider your loan application even if you are on Universal Credit. We believe that nobody should be excluded from fair and affordable credit just because they are receiving benefits which is why we offer loans for Universal Credit.
At Fair Finance:
We will treat an application from someone on Universal Credit in the similar way as any other one: primarily assessing their income from universal credit and any other source of income, like a part time job, and
- We will estimate what is affordable to repay. We take into account current credit commitments with a credit search and current expenditures.
We don’t discriminate against people who are earning benefits with Universal Credit . If you apply online or on the phone, the process is very simple.
The Fair Finance Service
As a first time client with us, you can:
- borrow up to £1000
- 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
Use our calculator above to see how affordable our rates are!
We know that speed is important to you so 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 have defaults, CCJs or other issues with my credit file. Can I still get a loan?
We do lend to individuals who have CCJs and defaults. Don’t worry if you have a bad credit history. The most important thing for us is less the past and more the present, and in particular if you are up to date with your current commitments.
I have arrived recently in the UK and don’t have any credit history. Can I still get a loan?
Yes, we do lend to clients with no history in the UK. We will look at your current situation and work out an affordable loan for you.
Any more questions?
Money worries? Need information or Advice?
