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Finding you a better loan deal

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We found 4 loans for £5,000 over 5 years

Min-max loan: £1,000 - £15,000
Cost: £89.4 per month
Term: 1 - 7 years
APR: 2.8%
£1,000 - £15,000
£89.4 per month
1 - 7 years
2.8%
more info

Representative Example: The representative APR is 9.9% so if you borrow £5,000 over 5 years at a rate of 2.8% (fixed) you will repay £89.4 per month & total amount payable £5,364.

PERSONAL LOAN - ALL CREDIT HISTORIES CONSIDERED

Min-max loan: £5,000 - £100,000
Cost: £103.19 per month
Term: 3 - 25 years
APR: 8.75%
Equifinance
£5,000 - £100,000
£103.19 per month
3 - 25 years
8.75%
more info Call now0800 0848 029

Representative example: Assumed borrowing of £18,000 over 120 months, with a fixed borrowing rate of 6.5% per annum for the first 60 months, followed by 60 months at the lender’s standard variable borrowing rate of 4.95% above Bank of England Base Rate. There would be 60 monthly instalments of £227.38 followed by 60 instalments of £221.71. Total amount payable £26,945.40 comprised of; loan amount (£18,000); interest (£6,920.40); Broker fee (£1,530); Lender fee (£495). This would result in an overall cost of 9.1%

HOMEOWNER LOAN - POOR CREDIT HISTORY ACCEPTED

Min-max loan: £1,500 - £12,500
Cost: £167.65 per month
Term: 1 - 5 years
APR: 31.9%
£1,500 - £12,500
£167.65 per month
1 - 5 years
31.9%
more info

Representative Example: The representative APR is 31.9% so if you borrow £5,000 over 5 years at a rate of 31.9% (fixed) you will repay £167.65 per month & total amount payable £10,059.

PERSONAL LOAN - ALL CREDIT HISTORIES CONSIDERED

Min-max loan: £1,000 - £15,000
Cost: £394.35 per month
Term: 2 - 5 years
APR: 93.6%
£1,000 - £15,000
£394.35 per month
2 - 5 years
93.6%
more info

Representative Example: The representative APR is 93.6% so if you borrow £5,000 over 5 years at a rate of 93.6% (fixed) you will repay £394.35 per month & total amount payable £23,661.

PERSONAL LOAN - POOR CREDIT HISTORY ACCEPTED

THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED. IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.

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TFS Loans

If you want a loan but have a bad credit score, history of CCJ’s, defaults or missed payments, then you may have been wondering if TFS loans is the right option for you.

TFS loans are a provider of what is known as Guarantor Loans, this means that instead of the lender consulting your credit history to decide if they will offer you a loan or not you can have a friend or family member agree to be your ‘guarantor’. The loan will instead rely on their credit history. The sum will initially be paid to the guarantor who needs to pass it on to the agreed borrower.

TFS Loan information

  • Borrow from £1,000 to £12,000
  • Repayment periods from 24 to 84 months
  • You can use the money for any legal purpose
  • No set-up fees on loans

Understanding a guarantor loan

What you need to understand about a guarantor loan is that the guarantor also accepts responsibility for it. If the borrower misses a repayment date it becomes the guarantor’s responsibility to pay it. Failing to do so can have serious complications for both parties.

TFS Loans Guarantor requirements

  • Must be a UK Homeowner
  • Aged from 18 – 78 (By the end of the repayment term)
  • Have a regular income

Before you take out a loan

It is important before you take out a loan that you have made sure it’s the right option for you. Consider alternatives before you apply, for example if you have any savings it might be beneficial to use these instead; as it may be that the interest you pay on a loan will be higher than any interest you earn in your savings.

There are other types of borrowing than personal and home owner loans such as authorised overdrafts and credit cards you might wish to consider.

Also if you are thinking of taking out a loan to consolidate debt understand that spreading your payments over a longer term could mean you ultimately pay more overall than you would with your existing arrangements, even if the interest rate on the new loan is less than the rates you have at the moment.

5 reasons to use our Loan Service

  • 1
    Compare over 200 loans from over 20 lenders
  • 2
    UK market leading loan rates
  • 3
    Fast loan service - You could have a loan underwritten, approved and paid within 24 hours
  • 4
    Credit to suit all circumstances
  • 5
    Simple process

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