Fair Finance
Fair Finance offers affordable personal loans up to £3,000, competitive fixed rates, and user-friendly application, especially suited for those seeking flexible terms.
Fair Finance provides an accessible personal loan solution for people across the UK. With flexible amounts from £400 for new clients and up to £3,000 for returning ones, these loans fit a range of needs. Terms are straightforward, and you’ll know exactly what you pay upfront, including admin fees and total repayable.
Interest rates are fixed, so you avoid surprises. For example, borrowing £500 over nine months results in a total repayment of £821, including a one-off £30 admin fee and predictable monthly payments. The representative APR is 280%, tailored for those with less-than-perfect credit histories who may struggle with traditional lenders.
New customers can access loans of up to £1,000, with terms between 6 and 12 months. Existing customers can access up to £3,000, repayable over an extended period. The process hinges on fairness and transparency, ensuring everyone knows the key facts before proceeding.
How to Apply: Step-by-Step
- Start your journey online by clicking the ‘Apply’ button.
- Fill out the straightforward application form with your details.
- Upload your most recent bank statements for assessment.
- Fair Finance aims to get back to you within 24 hours.
This intuitive online system makes it easy, even for those who aren’t confident with English, thanks to multilingual support.
Pros
Fair Finance caters to those with less-than-perfect credit, making loans accessible when many banks might refuse. The clear pricing structure, with all fees disclosed up front, is a breath of fresh air in the market.
Furthermore, customer service is a strong point, highlighted by a 4.4-star Trustpilot rating. Flexible repayment options let you tailor the loan term to your circumstances without any hidden surprises.
Cons
The main downside is the relatively high interest rate compared to mainstream lenders. At 132% fixed, this is a significant charge, though it reflects the risk profile of applicants.
Additionally, the upper limit for new clients is capped at £1,000, which may not suit everyone’s needs. Still, existing clients benefit from higher borrowing limits upon repayment.
Verdict
Fair Finance is a helpful solution if you value transparency and speed over the lowest rates. It’s best for those who need quick access to funds and value honesty in lending.
The step-by-step application, understandable costs, and focus on treating customers fairly make this a strong choice for responsible borrowing, especially if you’ve struggled to get credit elsewhere.
