Pounds to Pocket now lends under the name On Stride Financial, offering more funding options for qualified applicants. Visit On Stride Financial's Website to learn more and apply today!
Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk.
Representative Example: Amount of credit: £900 for 10 months at £162.56 per month. Total repayment of £1,625.60. Interest: £725.60. Interest rate: 140% pa (fixed). 315.4% APR Representative.
No two online lenders are exactly alike. However, there are some basic things online loan providers tend to have in common. One example is the application requirements. An online lender will typically request the following information on a loan application:
Also, in order to apply for a loan, you'll most likely need to meet the following criteria:
But before you sign a loan agreement, it's important to compare loan providers' rates to figure out which loan is best for you.
1. Can you trust the company? Check to make sure the lender is licensed. Licensed lenders are more likely to follow responsible lending practices.
Also, look for how they secure your data. This is important to keep in mind when you compare personal loans providers.
2. What are the rates and terms? How much will the loan cost overall? Some loans are due in full within a few weeks, while other loans can be repaid in instalments over many months. Before you submit an application, you should determine how long you need the loan for, the maximum finance charge you can afford, and how much you will ultimately pay for the loan. This will help you figure out which loan is cheapest and best for your budget.
As you compare the market, you’ll find that On Stride Financial is a fully licensed online loan provider. We offer loans up to £5,000† to approved UK residents who are 18 or older. If you’re approved to borrow, cash is sent directly to your bank account within 10 minutes after approval.§ After that, you can pay back the loan gradually over time — anywhere from 6 months to 3 years.
What are the fees involved? The overall cost of your loan will depend on how long you plan to borrow (see On Stride Financial's Rates and Terms page for more information). Also, there is a flat fee of up to £15 for any missed payment. Fortunately, there’s no annual fee, no draw fee, no early repayment fee, no application fee, and no fast-funding fee!