If you're looking to make an application or wanting to know more, we've created this handy guide to help you out.
Our criteria is pretty simple, you'll just need to make sure you meet the below:
You'll also need a guarantor who's got your back.
We've aimed to make our application process as simple as possible.
We aim to pay out every loan within 48 hours of the guarantor being accepted.
There are a few things to bear in mind that slow this down:
We pay the money into the guarantor's bank account to protect them from fraud and to make sure they know exactly what’s going on with your loan. Your guarantor can then do a bank transfer, give you the cash or write you a cheque - whatever works for you both.
In short, a guarantor is someone who trusts you. They let us know they have your back and are happy to step in and make any of the monthly repayments if they needed to.
Because we don't base our lending decisions on your credit score, we ask that you have guarantor instead.
We don't believe a credit score tells us enough to decide if we should help you or not. We believe in the power of trust, so if someone's got your back, then we can back you too.
Our loans are unsecured, so we can't accept properties or objects as a guarantee.
Most of customers use their friends or family, but your guarantor could be anyone that trusts you. They just need to meet our simple criteria:
Although your guarantor doesn't have to be a homeowner, we are more likely to accept them if they are.
So we'd also recommend asking someone you know who owns their own home first.
Asking for documents usually means we just need to double check the details you've given us. The types of documents we ask for are:
Documents help us confirm you are who you say you are and that you can definitely afford the monthly repayments.
The simplest way to send us your docs is to email us at [email protected]
We calculate our interest daily. This means you only pay interest for the time you have the loan.
If you settle your loan after 30 days, you only pay interest on those 30 days. So the sooner you settle, the more money you can save. This is unlike some lenders who frontload their interest, meaning all the interest is added at the start of the loan term.
Just to add, we don't have any fees or charges for settling earlier or making extra payments. You can settle your loan at any time that suits you.