The vision at LendFair is to create an alternative loan to counter costly financial products such as payday loans who charge higher rates of interest paid back over a shorter period. We also know that the more traditional routes of obtaining a loan through banks and credit cards is becoming more difficult with big financial institutions getting tougher on who they lend to.
At LendFair our mission is to provide all our customers fair decisions, follow the FCA’s responsible lending policy and be transparent with all rates and costs regarding any loan taken from us. We want borrowing to be affordable and manageable as we pride ourself on responsible lending.
We are a UK based company who can be contacted easily by phone or email, our support team will be happy to help with any queries. Currently our loans range from £500 to £5000 and can be paid back over 6 months to 5 years all you need is a friend or a family member to be a guarantor for your loan if in the unlikely event you are unable to repay the loan.
LendFair Loans Criteria
- Age Requirement
- Debit Card
- Yes - Direct Debit Facility Accepted
- Credit Checks
- No - Guarantor will be credit checked
- Other Requirements
- Guarantor can be a Tenant or Homeowner
- Same Day Transfer Available
- Yes - Can take up to 48 hours based on checks
- Loan Value Available
- £1000 - £10000
- Representative APR
- Loan Length
- 6 Months to 5 Years
- FCA Registration Number
- Loan Example
- Borrow £3500 over 48 months repaying £118.86 a month. Total repayable £5705.28. Representative APR 29.9% fixed. Interest rate 29.9%
LendFair Loans Review
LendFair are a direct guarantor loan lender who offer a competitive rate of 48% representative APR on the loans they offer as well as a fixed 29.9% on the Advantage 29 loan. Lendfair also have a dedicated customer service so you can speak to someone about the process of your application and also offer an online live chat facility on their site.
The rules of the Advantage 29 loan are simple; you just need to be over 21 with an income of at least £1,000 per month. Your guarantor should be under 73, someone who has been at the same address for 5 years with a good credit history. LendFair are fast growing as an established lender in the market and always strive to get you a timely decision on your application. Should your application be approved,l they can transfer you funds the very same day.
LendFair will not charge you any arrangement fees and will not run a credit check on you; they will do so for your guarantor. Landfair are regulated by the FCA which will assures you that they comply with the rules surrounding fair and responsible lending.
LendFair Company Details LendFair Limited, Registered in the UK No 07975401 Registered Office LendFair Ltd, 4 Capital Place, Lovet Road, Harlow, CM19 5AS Authorised and regulated by the Financial Conduct Authority Reference No. 650429 Registered with Information Commissioners Office Z3156285