Since the 29th November 2018, we only offer the Reward Loan. When you apply for a loan, we'll do our usual checks to make sure our loan is right for you.
We'll look at your credit score every three months and if your credit score has gone up by 25 points, we'll automatically reduce your loan rate. Don't worry, this check won't affect your credit score. For every 25 points that your credit score increases, we'll reduce your loan rate by 2%, as long as you're up to date with your repayments.
We'll reduce your loan rate straight away and reduce your monthly repayments, so your loan will cost you less! Your loan rate can reduce to 5.9%. We'll never put your rate back up, even if your score gets worse.
The credit score we use to review your eligibility for rewards is taken directly from Equifax on the day that you apply for our loan. We’ll always use this score for your Reward Loan.
Our personalised APR ranges from 10.5% to 39.9%.
Representative Example: 15.9% APR Representative based on a loan of £5,000, repayable over 42 months at an interest of 15.9% pa (fixed). Monthly repayment of £153.36. Total amount payable £6,441.29. Our representative APR applies to loans from £1,000 to £12,000, for terms of 12-60 months.