59.9% Representative
Will lend between: £1,000 - £5,000
Over: 12 - 60 Months
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Nice quick service that linked my bank. Seemed pretty slick and got a phone call from a girl call francis
pretty quick form and link up to my bank and call with nice guy called chris. thanx
Familio are a brand new lender (time of writing 2022) based on the UK's South Coast in Bournemouth. Familio specialises in offering affordable, unsecured loans to those who may struggle to access credit from the main high street banks due to limited credit history. The loans they provide range from £1000 to £5000 which can be repaid over one to five years, with set repayments made each month.
The application process with Familio is very straightforward, there are no additional fees and all documents are written in plain, simple English. A key benefit of Familio is its use of Open Banking technology which allows them to assess your true affordability as opposed to basing their lending decisions solely on your credit score. This use of technology contributes to Familio's groundbreaking approach to lending and is what allows them to provide customers with a safe and responsible loan, even if their credit file is not perfect. Another key thing to note is that Familio is a social enterprise. This means they invest all profits back into the business, using them to help support their community of borrowers and continually improve their product. This provides further evidence that Familio positions its borrowers (which they refer to as their Friends) at the heart of what they do.
In summary, if you're considering a loan and are not able to access it from your bank, then with a small team, dedicated to offering best-in-class customer service, Familio should be a strong contender.
choosewisely.co.uk and familio.co.uk are both subsidiaries of parent company, Ratio Limited. If you choose to visit Familio’s website from Choose Wisely, and subsequently take out a product with Familio, Choose Wisely may be paid a commission. Any commercial agreement we have in place with a provider won’t affect how we compare or rank your quotes.
Familio is the first in a new generation of UK lenders, fully authorised by the FCA. They offer unsecured personal loans of between £1000 and £5000 which can be repaid over 1 to 5 years. Familio have created its loans to be accessible to as many people as possible, with the aim being to offer an affordable alternative to high-cost short-term credit. The minimum criteria you will be required to fulfill in order to be considered for a Familio loan is that you are a UK resident, aged between 18-28 years old, have a UK mobile and email address, have a regular monthly income paid into your bank and can comfortably any repayments.
Familio specialise in providing loans to customers who haven't had much history of successfully obtaining credit in the past and therefore, due to their low credit score, are unlikely to access credit from the high street banks. Rather than relying purely on a credit score to make their lending decision, Familio utilise the latest Open Banking technology to get an updated view of your incomings and outgoings to calculate if a Familio Loan is suitable and if so, how much you can safely afford to borrow. Another key difference between Familio and other providers in the market, is that Familio are a social enterprise. Unlike some other lenders, Familo invest all profits back into the business. This allows them to constantly improve their service and product offerings.
Registration number: 10688741
Oxford Point, 19 Oxford Road, Bournemouth, BH8 8GS
Reference No: 831681
Trading names: Familio Loans
Place of business:Oxford Point, 19 Oxford Road, Bournemouth, England, BH8 8GS
Registration No: ZA496004
Data controller: Ratio Two Limited
Address: Oxford Point, 19 Oxford Road, Bournemouth, England, BH8 8GS
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