Savvy

3 reviews

342% Representative

Will lend between: £200 - £3,000

Over: 6 - 24 Months

Representative example: Representative Example: If you borrow £1,250 over 15 months at a Representative rate of 232.2% APR and an annual interest rate of 122.96% (fixed), you would pay 15 monthly payments of £166.66. The total charge for credit is £1,249.90 and total amount payable is £2,499.90

Savvy customer reviews.

3 reviews

4.0 out of 5 stars

700% cheaper then payday loans
21:22 16-06-2017
ImageChoose Wisely

these guys are great I applied a couple of times and got knocked back tried again last week and was accepted after a quick phone call money was in bank in now time

james

Originally thought they were the other Savvi
15:33 11-04-2016
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Applied to these guys thinking there were the ssame company as thw other savvi but got accepted for a loan anyway. Was more expensive than I thought it would be but happy with it

SARAH TUCKER

Damian says...
10:39 19-03-2016
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5 out of 5 all round

Damian Ciesielski

Our review of Savvy

Based just south of Manchester, Savvy offer loans ranging from 89.3% APR to 1613.1% APR. The rate you'll be offered will be based on your circumstances and how much you’re looking to borrow. 

If you’re looking to take out a loan with Savvy, it pays to think carefully. Although they’re a cheaper alternative to payday loans, they offer one of the more expensive unsecured personal loan products so it’s worth shopping around for alternative lenders or considering a guarantor loan, which will likely give you access to cheaper rates.

In terms of their features, they offer online account management, so you can log in and check in on your payments whenever you like. They also don’t charge you any fees if you wish to pay your loan back early, which isn’t the case for a lot of lenders. However, they are expensive, and if you have good credit, it will pay to apply elsewhere. If you have bad credit, it may also be worth looking into guarantor loans to access cheaper rates. 

Overall verdict: Savvy offer a good alternative to payday products for people with bad credit, and it’s clear that their team work hard to ensure their customers are happy. As with all loans, you should only apply for a loan with Savvy if you think you can keep up with the monthly repayments. With no fees for early repayment and features like online account managment, Savvy are a good option for those with less-than-perfect credit. 

Written by: Alex

Highlights

  • Fixed monthly repayments to help with budgeting
  • Quick and simple online application
  • High levels of customer service satisfaction
  • Loan available within an hour of approval within working hours

Minimum criteria

  • You must be aged 18
  • You will need to be a UK resident
  • You must have a UK bank account and debit card
  • You must earn at least £800 per month (net)

Fees

  • Maximum APR 1613.1%
  • Arrangement fee: £0
  • Early repayment fee: £0
  • Late payment fee: £0

Savvy Customer Question & Answers

Total question and answers: 2

Question:

I am expecting an injury claim to settlement of around one hundred thousand plus and I have bad credit Credit history can you help
David , at 7:47pm 09/03/17

Answer:

Hi David, I am not sure what the question is. If you are looking for a loan, you can apply on our website and a decision would be made based on the information you have provided and after conducting relevant checks. Thanks
Answered in 12 hours by James

Question:

Hi!I applied 2 hours ago and I have been approved in principle. What is that mean?and says I need to call Monday morning after 8 am to finish .what is that mean?thank you
Marian, at 7:46pm 03/03/17

Answer:

Hi Marian. If you have been approved in principle, you will be called today to go through final checks on the application. Alternately you can contact the office on 0161 429 5397. Thanks
Answered in 3 days by James

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About Savvy

Savvy offer loans between £200 and £3,000 that can be repaid over a loan term ranging from one to two years at increments of 12, 15, 18 and 24 months. They will take into account loan amount, term and the applicant’s personal circumstances to decide your final rate. You don’t have to have perfect credit history but you will need to provide proof that you can comfortably afford the loan repayments, and receive a regular income of at least £800 per month from employment. You may also be asked to provide either your most recent payslip or 2 months’ of bank statements by text or email to show your wage entering your account.

Applications are made online and you will need to provide details of your employer, bank details, monthly expenditure and three years’ address history. These details, along with a credit check will go towards helping Savvy to determine whether you’re going to be accepted and the interest rate offered. Once accepted and all the checks have been complete, the funds can be deposited into your account within an hour on weekdays and Saturdays, no loans are paid out on a Sunday.

To process the loan, Savvy will charge a processing and payout fee of 10% of the requested loan amount. Please also note that their late payment fee of £0 is applicable to loans of £2,000 or more. 

Company information

Registration number: 08582046

www.savvy.co.uk

0330 002 0117

The Colony Hq

FCA registration

Reference No: 718888

Trading names: Tick Tock Loans, Valour Finance Limited

Place of business: The Colony Hq, Altrincham Road, SK9 4LY

Data protection registration

Registration No: ZA052861

Data controller: Savvy Loan Products Ltd

Address: The Colony Hq, Altrincham Road, SK9 4LY

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Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk