2014 Lender Lists:
Savvy @ www.savvy.co.uk
The 12 month term grants sums between £300 and £2000. The pricing when you take out £1000 will be £1000 and so there is a simple 100% charge. We did spot a note that there may be a small fee imposed for same day funding. This wouldn’t be expected to be any higher than £6 or so. This is now the central lending arm of Valour Finance Group Ltd whilst they broker through Best4Loans. The owner has poured plenty of cash into this rebrand that is evident from the high standard that www.savvy.co.uk has been crafted to. Secure logins are provided here to those who take out a loan.
The Savvy loans can only be accessed between Monday and Friday. They make no reference to the times and so standard working hours would likely be when the payouts are arranged. There has been a number of product changes from the older Lightning identity. They for instance previously offered a monthly repayment between £80 and £800. The previous charge over the year was also £1199.96 and so they have lowered this. Whilst it is always good to see reductions being made, you would have expected them to cut this cost down further to be more competitive against lenders like Pounds to Pocket. They charge £875.61 per year (with Promo) and they trade 24/7.