4144%
£100 - £1,500
Minimum Term 1 day
New customers up to £400 - 30 days
If you are an existing customer, login and they may be able to lend you up to £1,500. - 30 days
Deducted from your debit card
Cash sent within 15 Minutes! 7 days a week! Even on Bank Holidays!
No Fee
None Available
Transferred into your bank account
No
304th for APR of 423 loans in the UK (See Lender League Table By APR)
148th for Customer Satisfaction (See Customer Reviews)
Mini Credit can lend you between £100 and £400 from between 1 and 30 days. You can borrow up to £1500 once you have shown you can successfully pay back the smaller amount.
You can apply online, over the phone or by text (if you are an existing customer). To apply online, you need to complete their online application form. After, they will credit check you and verify your bank account by debiting £0.01. You will then be provisionally approved or rejected for the loan. They will send you a designated PIN number to your mobile upon receiving your application. They promise to give you a final decision within 15 minutes of receiving your application. You can then use the PIN number to log-in to access your electronic loan agreement which you will need to sign. The money can be transferred to you on the same day but you must complete the application process and sign your loan agreement by 4pm.
The charge for credit for this loan is £25 per £100 borrowed per month, which is one of the more expensive options on the payday market. Their speed to payout is quite quick so could be a good option if you need money quickly. If you do not pay your loan back when you say you will, there could be a lot of charges added onto your loan. Also, they have been known to be unreasonable with regard to setting up a payment plan if you are going to fall behind on your payments. People, in this case, have cancelled their cards so MiniCredit don't have access to their funds then they have to negotiate a plan with you, otherwise they don't get their money. There are a lot of customers who say that their application was approved, paid the £1 fee and then were declined at the last minute. However, most of the reviews form people who have received the money are overall, quite good.
|
Early Settlement Fees |
Early Settlement Fee - £5.50 |
|
Other Fees |
Card Fee to check validity - £0.01 |
|
Late Payment Fees |
Missed payment - £25.00 Charge if second attempt at collecting money fails - £55.00 |
Average Customer Review:
(160 customer reviews)
Add your own review
The most favourable review
The most critical review
No problems for me so far
Ciaran, Northern ireland
3 months ago
I use these guys often now and so far no complaints. The common sense thing to do is don't apply if you can't repay! I always ensure 100% I can repay and check again before I apply. Instant payout is good (it is actually instant) so for that reason I stopped using payday uk and switched to these guys. The webiste is easy and quick to navigate and yeah...
Read full review >
minicredit is a total con
Junaid khan, Bradford
1 year ago
i took a loan out for £100 and i only recieved 80 and then they took £50 out of my account without me knowing. it is a total fraud. please do not borrow money of mini "fraud" credit.
NEVER USE THEM
Zizou, Teddington
6 days ago
I would give them 0 stars the rudest company you could come across i borrowed £80 and they asked me to pay back 500 cause i was a few days late which was not my fault as i was in hospital and they wouldn't come to an agreement they also take £20 just for transferring the money into your account bad customer service and very very rude people use any other but them
Doorstep Collectors
Chris, Oxford
1 week ago
I too have fallen foul of Minicredit. My £150 loan - minus £20 now stands at £765 after just 4months. Hopefully I will not end up as a concrete tower in some new motorway bridge!
I have been threatened with doorstep collectors. But you must be made aware that these collectors have no power whatsever. They cannot enter your premises, they cannot take any goods or even threaten to take items. This could only happen after a court victory in Minicredits favour - and I cannot see that happening. I have invited to them to take me to court, whether that happens only time will tell, but I am not unduly worried as personally I don't think they would have a leg to stand on if all the facts were presented by me.
A good site to visit is consumeractiongroup.co.uk, there is so much information on the site, it is free and they have a letters library section for any of us to use.
loan sharks
Damien, Bournemouth
1 week ago
what ever you do do not use this company. how they are even still allowed to operate is beyond me. miss one payment 25 quid charge, day 2 50 quid charge. one week later 100 quid charge for debt collectors to come to your home. which is illegal unless you have been to court once, agreed to pay said amount then failed to. they will badger you for money but will not respond to your emails adding further debt to your loan. sttttttay away.
30 Borough High Street, London, SE1 1XU
0871 890 3015
support@minicredit.co.uk
Website Terms of Use
http://minicredit.co.uk/index.php?act=terms
