Fair Finance
109.6% Representative
Will lend between: £100 - £1,000
Over: 6 - 18 Months
Are you eligible for Fair Finance?
Check your eligibility before you apply.
- Quick 40 second form.
- No impact on your credit file.
- Free personalised eligibility score.
Fair Finance customer reviews.
4.1 out of 5 stars
Choose Wisely
I received a courtesy call the day after I applied to tell me there was a delay in processing, but that they would give me the decision within a further 24 hours. 24 hours later still no decision so I called them back and was told it was still undecided but they would call me by 5pm that day. They didn't. I called again the following afternoon and was then given my decision but was told I had been emailed and called earlier that day. I received neither call nor email. Really disappointing customer service.
Terry
Choose Wisely
I applied for a loan and really impressed by the systematic working, which was really really fast and highly efficient. If you are new to this country and looking for some support. This is the Best. Look no further.
Haresh
Choose Wisely
Exceeded my expectation of not getting hassled based on reception and appreciation from the numerous lenders who wish to do business with you.
Arnold Nwaozo
Choose Wisely
I always come back to Fair Finance.
Nilza
Choose Wisely
I am very happy with the services I receive and very good customer services
Natasha Siddens
Choose Wisely
took long to be contacted about a decision but overall the customer service is great!
tanika pencille
Choose Wisely
I have applied for a loan of £200 and was approved, which is great but... Firstly, I had to wait 3 days for decision. Secondly, Fair Finance states on their website that they charge upfront admin fee of 5% of the loan value, which in my case should be £10. After a phone chat with a representative, it appears that the admin fee for my loan is £25 which is whooping 12.5% of the loan. Very misleading website. If the information was stated correctly wouldn't bother applying for a loan. £10 is acceptable but not £25 especially on such a small loan. If one includes admin fee and interest rates, loan becomes too expensive to consider. Just wasted my time.
Karolina Stempien
Our review of Fair Finance
Fair Personal Loans is a high-cost short-term lender based in London and they offer instalment loans up to £3,000. Their whole ethos is about fairness and responsibility and they aim to be as transparent as possible. You can apply for a Fair Personal loan either online or in one of their branches. In regards to consumer reviews of Fair Finance, those we have on Choose Wisely are mostly positive with considerable credit given to their customer services.
As with any high-cost short-term product the usual warning applies. If you have any doubt whether you can afford to repay your loan on time and in full, then don’t apply. If you have money worries or need help - just give them a call.
Overall verdict: As their name suggests Fair Finance have a heavy emphasis on their responsibility as a lender and giving you a fair deal - it's worth noting there is an arrangement fee of 6%.
Highlights
- Able to lend to those on benefits
- Loan top ups available
- Can be paid weekly or monthly
- Regular repayments help with budgeting
- Can borrow up to £3,000 once you've proven you can make repayments on time
Minimum criteria
- You must be at least 18 years old
- You must be able to visit one of their branches to apply
- You need to take 3 months’ bank statements
- You will need to prove your address
- You must have a passport or driving license
- You need to supply proof of income
Fees
- Maximum APR 207%
- Arrangement fee: £4
- Early repayment fee: £0
- Late payment fee: £0
About Fair Finance
Fair Finance offer high-cost short-term loans between £100 and £1,000 and up to £3,000 for return customers over periods of 6 to 18 months at a representative APR of 109.6%. They consider applications from customers that are either working, on benefits or have poor credit history. They offer flexible repayment terms and customers can either pay the instalments weekly or monthly.
To complete the application you can do so either on-line or by visiting one of the Fair Finance branches for a face-to-face interview.
Fair Finance do allow loan top-ups, however, you’ll need to have proven your trustworthiness by making six months worth of good repayments and re-paying at least 50% of your loan. To apply for a top-up, you’ll need to call Fair Finance and do this over the phone.
Company information
Registration number: IP29889R
Print House 18 Ashwin Street Dalston London E8 3DL
FCA registration
Reference No: 717247
Trading names: Fair Finance
Place of business: Print House 18 Ashwin Street Dalston London E8 3DL
Data protection registration
Registration No: Z910781X
Data controller: East End Fair Finance
Address: Print House 18 Ashwin Street Dalston London E8 3DL
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