Will lend between: £501 - £1,500
Over: 12 - 12 Months
The quickest way to find the best loan.
Compare UK direct lenders that have accepted your application.
- Fill in one quick and simple form.
- Loans for all purposes.
- Bad credit history accepted.
Representative 49.9% APR (variable).
Savvy customer reviews.
4.0 out of 5 stars
Our review of Savvy
Based just south of Manchester, Savvy offer loans ranging from 84.2% APR to 433.20% 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 offers 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 management, Savvy is a good option for those with less-than-perfect credit.
- 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
- 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)
- Maximum APR 837.4%
- Arrangement fee: £0
- Early repayment fee: £0
- Late payment fee: £0
Savvy Customer Question & Answers
Savvy offer loans between £300 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 a 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 are complete, the funds can be deposited into your account within an hour on weekdays and Saturdays, no loans are paid out on a Sunday.
Registration number: 6034431
Valour Finance Limited Barons Court Manchester Road Wilmslow SK9 1BQ
Reference No: 718303
Trading names: Savvy Loans, Lightning Loans, Valour Loans
Place of business: Valour Finance Limited, Barons Court, Manchester Road, Wilmslow SK9 1BQ
Data protection registration
Registration No: Z1012907
Data controller: Valour Finance Limited
Address: Valour Finance Limited, Barons Court, Manchester Road, Wilmslow SK9 1BQApply Now