How much do you want to borrow?
£2,000 £7,450Over how many months?
12 months 84 monthsMonthly Repayment
Total Interest paid
Arrangement Fee
Total amount paid
11.9% - 18.9%
18.9%
£2,000 - £7,450
Minimum term 1 year
Loans up to £7,450 - 7 years
Standing Order
Direct Debit
7 working days
48 hours - £50 courier fee and £30 CHAPS fee
No Fee
None Available
Transferred into your bank account
No
184th for APR of 423 loans in the UK (See Lender League Table By APR)
105th for Customer Satisfaction (See Customer Reviews)
AA Loans are provided by The Co-Operative Bank and they offer loans for £2,000-£7,450 payable over 1 -7 years. Their rates are similar to other banks and high street lenders. When you click apply from their website, you will be redirected to the The Co-Operative Bank loan application.
You can apply online or over the phone. After filling out their online application form, they will check your details and credit history to make sure you are eligible. They will then contact you with their preliminary decision and arrange for the relevant papers to be sent to your home address. If you use their courier service you will get their paperwork quickly, but it will take up to two working days if you don't. After you have signed and sent back the relevant documents, (you may also need to send additional identification), and everything is confirmed, the money will be in your account within 7 days. An optional CHAPs fee is payable if you want the money within 48 hours.
They only offer loans to people who have good credit so if you have late payments, CCJs or defaults on your credit file, don't apply because you'll get turned down. Even if you have good credit, this doesn't necessarily mean you are going to get accepted. Their application is similar to other high street lenders, but it can take a bit longer to get your money as you have to send documents to them. The AA run quite strict credit checks so it might be difficult to be accepted if your credit history is not in order. If you are successful though, you will receive a fantastic, fast and reliable service. The phone service is also good so if you have any queries you can phone on them on their free number.
|
Default Fees |
Interest owed on the instalment from when it is due until the date it is actually paid |
|
Early Settlement Fees |
One month's interest calculated on the balance outstanding |
|
Other Fees |
Receive your documents by courier quicker - £50.00 Receive your documents quicker by CHAPS - £25.00 |
Average Customer Review:
(3 customer reviews)
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Excellent customer service
Nicholas, Carrickfergus
1 year ago
The customer service is excellent. If you want to call them, you don't have to hang around on hold, I got through within seconds on the 3 occasions I called. I paid a little extra for the courier service but it was worth it as I had my cheque the next day. Highly recommended in these early stages
Higher APR than quoted
Cheryl, Pontypool
1 year ago
Firstly I work in the financial industry. I am in full time employment, my address is 'clean' my credit score (and file) is excellent. I have no other debt other than a loan at 8.4% APR with AA. Called to increase by a small amount (to repay a bond investment) was quoted a rate of 7.7% APR. After the application they offer me a rate of 10.7% APR!! There...
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Refused with no explaination
David, Nottinghamshire
1 year ago
I can afford the loan EASILY and I have an excellent credit report but was refused instantly on the AA loans website. Not sure if they are going for people who can only afford minimum repayments or something but now I have to wait 6 months before applying for a new loan :(
AA Loans, PO Box 101, 1 Balloon Street, M60 4EP
0800 34 64 94
AA Loans Debt Help
http://www.debt-line.org.uk/AAPersonalFinan...
