Littlewoods Personal Loans Reviews, Loan Calculator and Complaints

(2 customer reviews)

Average Customer Rating

Is this you?

Acceptance Criteria

You must have a good credit history
You must be 25 years of age or over to apply

You must be employed full-time, part-time, self-employed or retired
You must be earning at least £835 per month

You must have been a UK resident for one year or longer
You must have a bank account with Direct Debit facilities

Loan Details

APR

22.9% - 24.9%

Representative APR

29.9%

Loan Amount

£1,000 - £4,999

Repayment Period

Minimum Term 1 year

Loans up to £4,999 - 7 years

Repayment Method

Direct Debit

Speed To Payout

Cheque by courier - 24 hours (extra £65 charge)

BACS - 3-5 working days otherwise

Arrangement Fee

No Fee

Payment Holidays

3 month payment break at the beginning of your loan

Payout Method

Cheque

Bank transfer

Income Protection Available

No

Average Customer Review

(2 customer reviews)

Loanfinder Ranking

213th for APR of 423 loans in the UK (See Lender League Table By APR)
86th for Customer Satisfaction (See Customer Reviews)

Other Littlewoods loans

Littlewoods Loans

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Representative 29.9%APR

About Littlewoods Personal Loans

Littlewoods loans are provided by a company called Home Shopping Personal Finance so when the application form turns to HSPF don't worry, they are the people who give you your money. The personal loans they offer are between £1,000 and £4,999 for almost any purpose. Their typical APR is very high compared to other lenders. You can only apply if you have a good credit history.

You can apply online or over the phone with Littlewoods. It will take up to ten minutes online and at the end of the application they will give you a provisional decision. If accepted, they will send you an email explaining your provisional acceptance. They will then credit check you and review you application and they may ask you to provide other documents. Once all of this has been confirmed, your loan documents will be sent out for you to sign and send back to them. Once they receive this, your cheque will be sent out to you which can take up to 3 days to clear, or they will make a bank transfer which can take 3-5 working days to clear.

The reviews for Littlewoods are mixed for their personal loans. You cannot have late payments, CCJs or defaults on your credit file because they will not accept you. If you want a bit more freedom with repayments then talk to a lender that offers payment holidays. If you start to miss payments with them, or make late payments, their extra charges are extensive. You will receive your money by cheque, so this means you will have to wait for this to clear when you do eventually receive it. Their APR is really high, considering you have to have really good credit to apply, have a look around elsewhere to see if anyone can offer you a better rate.

Charges

Default Fees	Returned cheque - £25.00 Default letter - £30.00 Default notice - £50.00
Other Fees	Fee to receive your documents quicker by courier - £65.00 Fee for the courier to arrive at a specific time - £10.00 Address trace if you don't notify them of change - £60.00
Late Payment Fees	Collection phone call - £10.00
Monthly Arrears Fees	Administration costs to involve collection agency - £50.00