Personal Loans
A personal loan lets you borrow a fixed amount and repay it, with interest and any charges, over an agreed period. Most personal loans are unsecured, so they are not secured against an asset such as your home or car. They can be useful for essential or unexpected costs when you do not have enough savings available, but you should only borrow what you need and can afford to repay.
At Fair Finance, we offer responsible personal loans for people who may have fewer borrowing options. We are a direct lender, so you apply to us and, if approved, borrow directly from us. We consider your current income, essential living costs and existing financial commitments, rather than making a decision based on your credit score alone. New customers can apply for £400 to £1,000 over 6 to 12 months. Existing customers may be able to borrow up to £3,000 over a maximum of 18 months, subject to affordability and approval.
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Personal loans. A better way to borrow.
We are a direct lender providing affordable loans of up to £3000
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Representative Example
If you borrow £500 repayable over 12 months, your total repayment will be £929.40. Your 12 monthly instalments will each be £74.95. We will also charge and a one-off administration fee (6% of loan amount) amounting to £30. The rate of interest applied to the loan is 132% fixed. The Representative APR is 280%.
New customers can apply for a loan of up to £1,000 with repayments terms of between 6 and 12 months.
Existing customers can apply for a loan of up to £3,000 with a maximum repayment term of 18 months.
What can a personal loan be used for?
- Home repairs or improvements
- Furniture and appliance purchases
- Car repairs needed for work or family life
- Wedding expenses
- Unexpected emergencies
Before applying, consider whether the expense can wait, whether savings or other support are available, and whether the repayments will fit comfortably within your budget. Personal loans are not designed for ongoing living costs or non-essential spending.
How we assess your application
- Your regular income, including eligible benefits
- Essential living costs such as rent, bills, food and travel
- Existing loans, credit cards and other commitments
- Your credit history and recent borrowing
We look at your circumstances as a whole and only offer a loan where we believe the repayments are sustainable over the term of the loan. Approval is not guaranteed, and the amount or term offered may differ from the amount you request.
PRICE COMPARISON* OF A £500 LOAN FOR 26 WEEKS
CHEAPEST
We take the stress out of Borrowing.
Borrowing money can feel complicated, particularly when you are faced with unfamiliar terms, lengthy forms and uncertainty about what happens next. We want to make the experience easier to understand, with straightforward information and support available when you need it.
Our Vision
Our vision is to revolutionise financial services, making them more inclusive and fair for everyone. We want people from all backgrounds to have access to financial products and services that treat them with respect and help them move forward.
Our Mission
Our mission is to design and deliver financial services that improve financial wellbeing and have a positive impact on our customers. That means listening to the people we serve, understanding the challenges they face and using what we learn to create better, more accessible services.
Our values
- Customers deserve a fair deal
- Products and services should be simple and accessible
- Financial information should be clear, honest and trustworthy
- Everyone should be treated with dignity and respect
- Credit should be affordable for all
- Profits should be reinvested for the benefit of customers
In short, we believe in fair finance.
Financial services should work for people, not make life more difficult. That belief has shaped Fair Finance from the beginning and continues to guide how we support our clients today.
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Things to check before you borrow
- The regular repayment amount
- The APR, interest and any fees
- The total amount you will repay
- What could happen if your income or expenses change
Make sure you understand the repayment schedule and feel confident that each payment will fit within your budget. If you are already struggling with bills or other debts, free independent debt advice may be more suitable than taking on further borrowing.
Why choose a Fair Finance personal loan?
- A decision based on affordability, not just your credit score
- Clear costs and repayments before you agree
- No charge for late repayments or repaying early
- Repayment information shared with UK credit reference agencies to help with credit building. It should also be noted that any missed or even late payments will be reported to the credit reference agencies.
Making repayments on time can help build a positive credit history, although an improved credit score is not guaranteed. If a loan does not appear affordable for you, we will not offer it.
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 if I had bad credit history can I still apply?
We aim to tackle financial exclusion and build products for people with financial problems. Please visit our dedicated credit page for more information. We are actively transparent clear and honest.
Any more questions?
Money worries? Need information or Advice?
