No fees, no charges; fair loans even with bad credit?

A loan with no fees, no charges and where you tailor the amount borrowed to the nearest £100 and with a term to suit you, so that you borrow exactly what you need and with a repayment you can afford. How fair is that?

But it gets fairer; if you repay larger amounts as you can afford them, or if you settle your loan early, there are absolutely no fees or interest penalties. You only pay interest for the days you borrow, which also means a rebate of contractual interest………….. now that is fair!

Oh, did we mention; no fees or charges – ever, not for missed payments, not for changing a DD, not for talking to us; NO fees ever!  And the interest rate is fixed, so even if interest rates go up, your loan repayments won’t. We will also consider any Guarantor; tenant or home-owner.

The place of fair loans  Guarantor loans APR 29.9% (advantage) APR 47.9% (standard)

Terms & Conditions apply.

Why consolidating your debts can save you money

If, for whatever reason, you have a number of small, alternative and probably therefore high interest loans, consolidating to a single lower cost loan can reduce your regular payments and save real cash by reducing the interest you pay. But what if I have bad credit?  You can still reduce your loan repayments and interest paid by choosing a Guarantor loan.

How to do Debt Consolidation by applying for Guarantor Loans?

This works so that you can borrow at lower rates of interest based on the credit history of your Guarantor not your own. So, a friend or family member with a good to average credit history can, if willing, save you money and reduce your outgoings. Here’s an example to prove the point;-

How to Calculate Your Guarantor Loan?

You have a number of small loans, or rent to own assets that add up to nearly £4,000 of credit. Typically these may be costing something in the region of *£365 in payments each month, and on average, something like *£1,250 in interest each year (APR varying from 69.9% to 1,274%).

An Advantage29 loan for £4,000 over 3 years from Lendfair will cost £162.08 per month, with average annual interest of £611.63 (APR 29.9% Fixed) over it’s life. How much fairer is that!

Time to check out

*Bright house – £1,800 of goods repaying £23 per week for 156 weeks, APR 69.9%  and a £1,800 loan from 118118 repaying £142.65 per month for 24 months APR 99.9% and a loan of £400 from Mr Lender  repaying an average £123.38 per month for 6 months APR approx. 1,274%.   Total interest paid over 3 years £3,752 (annual average £1250.67)