Fastloan UK is an online direct lender offering short term loans in the UK, catering to clients throughout the United Kingdom looking to borrow between £50 and £2,000. They offer an APR of 766.18%. They provide short term loans with terms ranging from seven days to twelve months with soft search eligibility checks and instant decisions, in most cases. Once the approval and acceptance process is completed, money is transferred into the borrowers account within fifteen minutes.

They offer flexible repayment terms and borrowers can choose monthly, weekly or fortnightly with the ability to repay early at any stage.

Overview

Fastloan UK offers an easy and simple application and approval process once a borrower has determined how much money they want to borrow and how long they want to repay. The online application form is completed, which takes around five minutes and once received you are contacted by a customer care manager who will confirm all the information, this takes around three minutes.

Affordability and credit checks are completed and you will be sent a link to read and sign your loan agreement, which can be done on a tablet, computer or mobile phone.

They also accommodate returning customers who can log into their Fastloan UK account and choose the loan amount needed and the repayment terms. Once the agreement is digitally signed the money is transferred to your bank account within fifteen minutes.

Fastloan UK use Continuous Payment Authority (CPA) to collect repayments on a pre agreed date.

Services

Fastloan UK offer short term loans of up to £2,000 to borrowers that meet their eligibility requirements, which includes being a UK resident over the age of eighteen. They do consider applications from those that are self employed. They do not accept applications from anyone who has been declared bankrupts or entered into a Debt Relief Order. They will also not consider applications from anyone with a County Court Judgement or Individual Voluntary Agreement showing on their credit profile.

Anyone applying to Fastloan UK must have a UK bank account and debit card. They enable you to change your loan for early repayment, you can also change your repayment date at any time. Interest is recalculated for those that choose to repay their loan early with interest only applying to the days where there are funds outstanding.

Contact Details for Fastloan UK

Date of incorporation:  26 September 2011

Company number: 07786732q

Company type: Private Limited Company

Registered company address: 1^st Floor Venture House, 6 Silver Court, Welwyn Garden City AL7 1TS. 

Official site: https://www.fastloanuk.co.uk/short-term-loans/

Operating hours: 9am to 5pm Monday to Friday. Applications 24/7

Phone number: 01438 840 792.

Summary

Fastloan UK offers a quick solution when you need emergency funding, offering payday and short term loans. These can work out expensive with the interest calculated, which means you can repay considerably more than the initial amount borrowed.

With flexible repayment terms of up to twelve months and loan amounts offered up to £2.000, Fastloan UK makes it simple when you need cash in an emergency. With only a soft search eligibility check completed and an instant decision, they have catered to thousands of UK customers over the years. They offer fast payment of fifteen minutes once the loan agreement has been signed, an added convenience when you need urgent cash for repairs.

It is important to bear in mind that this direct lender accommodates early repayment, which can reduce the interest payable on the loan you have chosen. Their APR is 766.18%. Ensure you read the loan agreement carefully before signing to identify the interest charged, so you know exactly how much you will need to repay each month.