2692.8%
£50 - £400
Minimum Term 1 month
Existing customers up to £400 - 4 months
Deducted from your debit card
One hour transfer for fee of up to £15 (if your bank has Faster Payment)
2 working days otherwise
No Fee
Contact them and they will try to help, however they are not able to stop any negative impact upon your credit file.
Transferred into your bank account
No
297th for APR of 423 loans in the UK (See Lender League Table By APR)
74th for Customer Satisfaction (See Customer Reviews)
Safeloans Ltd offers loans between £50 and £400, for up to four months. Safeloans are unique because you only pay interest for the period of time you borrow the money. If you pay your loan off early, you could save money. Because you only pay interest for the period of time you borrow the money for, this makes it a cheap loan option.
You can apply online or over the phone with Safeloans. When applying online, you will need to complete the initial application form. They then assess your application and contact you within 3 working hours to let you know whether you have been approved or not. If approved, an email will be sent to you to confirm the loan amount and the amount you will be repaying. You will then have to go back to go back to the website and complete another form with a few extra details. You will need to provide details such as your National insurance number. Once received by Safeloans, they will send your loan agreement to you. Once signed and sent back, Safeloans will release the funds for you as per your payment option.
Their charge for credit works out at around £30 per £100 borrowed a month. One of the more expensive options available if you have it for a whole month, but the quicker you pay it back the cheaper it is. You must make sure you can pay the loan back when you say you can otherwise extra charges will be added onto your loan. The application process can be long winded as there are various emails you with have to send and receive. You will be credit checked so do not apply if you have made late payments, have CCJs, defaults or any negative marks on your credit file.
|
Early Settlement Fees |
None - customer will need to pay the loan including the interest that have incurred so far and the interest incurred on the day they pay the loan off |
|
Late Payment Fees |
There are no late payment fees - the interest will accrue until day 64 when the account will be frozen |
Average Customer Review:
(8 customer reviews)
Add your own review
The most favourable review
The most critical review
very fair and professional
Suzi, Derby
1 year ago
I had a loan from safe loans and became very ill not long after taking it out. They were superb, very understanding and didnt charge me any extortionate interest and kept the interest frozen. Other companies were sadly not as understanding.
Declined
Mike, Reading
1 year ago
Never got back to me? I guess declined.
really helpfull
Michael, County durham
3 months ago
really fast to send the money, quick application. when i had a finance problem they let me set up a payment arrangement, which i paid off after 3 weeks. the best company i have used. nothing negative to say at all!
Good and polite
Emma, Croydon
7 months ago
I have only recently started using safe loans and although a few teething issues, I have nothing negative to stay. The customer service staff are excellant and very polite. Of course the APR is high, but then this is what is expected for a short term quick lender.
Avoid!!!
Derek, Scotland
9 months ago
I had a loan with these guys then became ill and could not pay (as was not getting paid anything by work since contactor) they keep adding more, 150 borrowed they now want 383 and have taken me to court for it, Safeloans, I will see you in court (if you bother travelling up) You will never see a penny from me you scum.
1st and 2nd Floor, 30 Church Street, Burgess Hill, CR0 1RB
020 8680 0990
020 8680 0666
info@safeloans.co.uk
Website Terms of Use
http://www.paydayok.co.uk/terms-and-conditi...
