2014 Lender Lists:
1st Stop Personal Loans @ www.1ststop.co.uk
The online sums offered range from £1000 up to £10,000. The repayments are spread out between the period of 12 and 72 months. They provide an example of a £3000 loan over 36 months costing £2043.20. This includes a processing fee of £225 (7.5% charge). Based on this example, £1000 over 12 months should create interest at £202.02 alongside £75 for the processing fee. This total cost of £277.02 is highly competitive and this stands as one of the top 12 month rates that we have studied to date. It is stated that 51% of their customers qualify for their displayed rate.
SSL is used at www.1ststop.co.uk, but there is no login facility and so you would have to phone them to settle early. Applications are processed between Monday and Friday (standard business hours are expected). If you are declined for this product, then they may be able to take you on through 1st Stop’s Guarantor loan that is headed at 52.64% APR. A £3500 example over 36 months is listed as having a complete repayment of £6297.12 that includes an £85 acceptance fee. The person standing in must be a homeowner with a good credit history. Finally, you can borrow up to £5000 over 5 years.