MWRD Employees’ Credit Union Personal Loans

Your personal lending, peer lending or other small finance business can reach new demographics bring in more loan-ready applicants with a personal loan direct mail campaign. We are also a licenced credit broker so, if your application for an unsecured loan doesn’t meet the underwriting requirements of Progressive Money Limited or you wish to Kredit consider other lending options, we may, with your permission, pass your information onto other selected third party lenders or brokers, including other group companies.

Representative Loan Example: Loan Amount: £4,000.00, Loan Term: 36 months, Monthly Interest Rate: 30.60% PA (Fixed), Monthly Repayments: £195.55, Total Amount Repayable: £7,040.00, This example includes an Acceptance Fee of £400 (10% of the loan amount) and an Administration Fee of £390.

Check your eligibility online to see if you qualify for a loan (through NetCredit) in just a few minutes. Before you decide which lender is right for you, you should do some research about them. You may benefit from a lower interest rate and as different lenders may apply monthly charges or annual card fees, by making sure you only have one loan with one company and one admin fee, you’ll cut back on all those extra costs as well.

Whether you need a home loan , car loan , personal loan or a truck loan , we’re here to help! If it is not good, they might decline to do so. This alone is reason enough to stay away from a loan whose terms are not tailored to your exact needs. Most personal loan interest rates stop at 36% but NetCredit interest can go all the way up to 155%.

Your rate and initiation fee will be determined according to your personal risk profile. Previously, the bank’s maximum personal loan was £30,000, and the new ceiling leapfrogs the maximum at other lenders such as Sainsbury’s (£40,000) and Tesco (£35,000). Even though working with a direct lender has certain benefits, it isn’t necessarily a bad idea to use a loan broker.

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