13.5% - 62.9%
14.8%
£500 - £25,000
Minimum Term 6 months
Loans up to £25,000 - 5 years
Standing Order
Up to £5,000 - one hour
Up to £25,000 - 3 working days
No Fee
None Available
Cheque
No
176th for APR of 423 loans in the UK (See Lender League Table By APR)
48th for Customer Satisfaction (See Customer Reviews)
The Loan Shop is a loan company in Guernsey town centre that are there to serve the local community. They can lend between £500 and £20,000 (up to £25,000 for a boat or car purchase) for any purpose! They are a very transparent and open lender. Their interest rates are competitive but may change depending on your personal circumstance. Just make sure you know exactly what rate you are going to pay before you agree to the loan.
To apply, you must complete their online application form. Your application is then sent straight to their office where they will have a look at it. A representative will call you to discuss the loan and will explain that they are going to credit check you. Once they have credit checked you, they will be able make a final decision on whether they can lend to you. If you are accepted, you need to go to their office to sign the documents and loan agreement. The representative will then go around to the bank to pay the cheque into your account which can take about 3 hours to clear.
Average Customer Review:
(3 customer reviews)
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Have used before
Martyn, Guernsey
1 year ago
I have used The Loan Shop to finance a couple of car purchases and they have been helpful, friendly and efficient. I think their rates are very good too and would certainly go straight back to them again in the future if I needed to
Not what i thought
John, Guernsey
1 year ago
not as good as others
exceptional
Jayne, Guernsey
1 year ago
We needed to get a quick loan in a hurry for a purchase that we didn't want to miss but didn't have the cashflow for at the time. The service and efficiency of The Loan Shop was exceptional - the money was in our account the same day!
The Loan Shop, 1 Church Square, St Peter Port, GY1 1NL
01481 736 746
