APR: 349.6% Representative
Loan amount: £200 - £3,000
Repayment duration: 6 - 24 Months
OPTIOSCORE 71/100 
Time to apply: 01m 58s
Savvy customer reviews

3.3 out of 5 from 4 customer reviews

This profile has been claimed

Provider last seen: 2:49pm 25/4/2017
Product data last updated: 1:06pm 29/6/2017
Customer questions answered: 2
View Questions and Answers
Representative Example: If you borrow £650 over 12 months at a Representative rate of 349.6% APR and an annual interest rate of 152.31% (fixed), you would pay 12 monthly payments of £108.32. The total charge for credit is £649.84 and total amount payable is £1,299.84.

Savvy customer reviews

3.3 out of 5 from 4 reviews

700% cheaper then payday loans

21:22 16-06-2017

via Choose 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

Over priced

15:25 23-04-2016

via Smart Money People

Over priced. Useless support. Many emails sent. Not a single reply

Steve Johnson

Originally thought they were the other Savvi

15:33 11-04-2016

via Choose Wisely

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

via Choose Wisely

5 out of 5 all round

Damian Ciesielski

Our review of Savvy

Our review by Alex
Written by: Alex
Simplicity
48.8
Features
74.6
Consumer sentiment
84.4

Total OPTIOSCORE
71/100

Based just south of Manchester, Savvy offer loans ranging from 90.5% APR to 1264.5% 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.

Savvy have achieved an OPTIOSCORE which ranks mid-table alongside the other bad credit lenders. They’ve rated very highly in consumer sentiment, with an impressive Feefo satisfaction score of 99%, receiving ample praise on their customer service and their efficient and easy application process. Each review gets its own personal response too, which is a nice touch. 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.

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. However, they are expensive, and if you have good credit, I’d advise you to apply elsewhere. If you have bad credit, it may be worth looking into guarantor loans to access cheaper rates. Only apply for a loan with Savvy if you think you can keep up with the monthly repayments comfortably.

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
  • Able to pay your loan off early

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 £700 per month (net)

Fees

  • Maximum APR 1612.6%
  • Arrangement fee: £0
  • Early repayment fee: £0
  • Late payment fee: £0

Savvy Customer Question & Answers

Have a question for Savvy?
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
- James, at 8:13am 10/03/17
This provider responded within 12 hours to this question.
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
- James, at 10:25am 06/03/17
This provider responded within 3 days to this question.

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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 £700 per month. 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.

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Provider last seen: 2:49pm 25/4/2017
Product data last updated: 1:06pm 29/6/2017