What should I consider before applying?
14 January 2025
You should make sure that the monthly repayments are going to be affordable. You should be confident that you will have enough money left over after paying day to day expenses, (mortgage, household bills, energy, etc.) to make the repayments. You should also think about any future changes to your circumstances, i.e. redundancy, birth of children, etc. which could impact your income or expenses and therefore your ability to afford repayments. If you don’t think you can afford the repayments you should not take out a loan.
Loans and Hire agreements
Section 2: Loan customers only
When do repayments commence?
The first payment will be notified in the welcome letter which you will receive from the lender once the loan agreement ...
Loans and Hire agreements
Section 2: Loan customers only
How do I request the current balance of my loan at any time?
The lender will send you an Annual Statement on the first anniversary of the agreement start date and annually thereafte...
Loans and Hire agreements
Section 2: Loan customers only
What happens if I miss a payment?
If you don’t make the monthly repayments on time your credit rating and your ability to access credit in future may be...