Fair Finance
Borrow up to £3,000. Flexible repayment terms, quick 24-hour decisions, and no hidden fees. Ideal for new and existing clients needing affordable loans.
Fair Finance offers loans from £400 up to £3,000, with repayment terms ranging from 6 to 18 months. For new customers, loan amounts go up to £1,000 with terms between 6 and 12 months. Existing clients can borrow up to £3,000, with a maximum term of 18 months, giving returning borrowers extra flexibility.
Interest rates are transparent and fixed, ensuring you know the total cost up front. For example, borrowing £500 over 12 months means a 280% APR, a total repayable of £929.40, including a one-off administration fee of £30. While the rates may appear high, Fair Finance operates under clear FCA regulation, making it a safe, direct lender option.
How to Apply with Fair Finance
The application process for Fair Finance is straightforward and user friendly:
- Click ‘Apply’ and access the online application form
- Complete your details, including loan amount and personal information
- Upload recent bank statements as required
- Await a decision—usually within 24 hours
- If approved, funds are quickly transferred to your account
Key Pros of Fair Finance Loans
Fair Finance emphasises transparency, providing clear information on costs and repayments at the beginning. This helps clients budget effectively and avoid unexpected charges. Another benefit is the speed of service, with most decisions made within a single working day, which is ideal if you need funds quickly.
Potential Drawbacks to Consider
Although the application is simple, the fixed interest rates are high compared to mainstream lenders, with APRs up to 280%. Some borrowers might find the total cost of credit expensive, particularly when borrowing small amounts. The one-off admin fee also adds a minor upfront cost.
Our Fair Finance Verdict
Fair Finance is a compelling option for UK and IE residents needing fast, regulated loans, especially those who may struggle with mainstream lending. Suitable for both new customers and loyal returning clients, it provides clear terms and quick access to funds. However, consider the APR and fees before applying, ensuring this product fits your needs.