Consumer Finance -> FAQs

How much can I borrow?
You can borrow any amount from £2000 to £200,000. Check out your loan payment calculator to see how much your repayments could be.

Over what period of time can I spread my loan?
We offer terms from 12 to 360 months depending on the type and size of loan requested.

Are fixed interest rates available?
Yes, subject to acceptance on the fixed rate plans.

Can you offer a scheme whereby my repayments can be made if I am ill or made redundant? We offer an optional payment protection cover which will protect you if you can't work because of an illness, accident, redundancy, or your business ceases trading. To take advantage of all these benefits, simply let us know when you call. Full details are available on request.

What APR will I be charged?
Over 66% of our customers receive a rate that is less than or equal to 15.5% APR. The APR is dependant upon your personal circumstances, please ask for an illustration.

Is the application confidential?
Absolutely! Your loan application is treated in the strictest confidence. We will not contact your employers, bank or any other third party without your prior permission.

Are there any restrictions on how I can spend the money?
No, you can usually use the money for almost any reasonable purpose. Perhaps you want to use your loan for debt consolidation to pay off your credit cards, store cards and other loans leaving you with just one manageable monthly payment. Alternatively you may wish to carry out home improvements, purchase a car, or perhaps take a holiday! Wherever possible the money is yours to spend as you wish.

What if I want to move house?
Simply pay the outstanding loan balance from the proceeds of the sale or alternatively we may be able to transfer the loan to your new property.

What if I want to borrow more in the future?
Simply telephone our office and we will gladly consider any further applications.

Will you charge me a fee?
Upon completion of your loan we apply a fee of up to 2% of the loan value. No loan - No fee is payable. Please note our Typical fee is 1% of loan value.

What if my circumstances change - or if I have other questions?
As a customer of UK Loans & Finance, you are never left without good advice. You can speak to our staff whenever necessary and they will answer any questions you may have.

How long will it be before I receive my cheque?
In most secured loan, mortgage and remortgage instances you could receive your cheque within 21 days of us receiving your enquiry. However this depends on how quickly you return the forms and your solicitor (if required) collates the information we need.

Can I settle my loan or mortgage early?
Yes this is possible however please be aware that this can trigger an early settlement charge. You will be made aware of these circumstances before taking out a loan with us.

What if I have a compliant?
Please see our complaints section here or call us on 0800 027 2559.

Calls may be recorded for training and quality purposes.

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