Here at Moolr, we have a panel of lenders that have made it their priority to offer affordable and simple loans for amounts ranging from £500 to £5000. What’s more we offer fixed monthly repayments over a 1 to 2 year period at APRs of 35.9%, 79.9% or 99.9% 3.
With a fixed schedule for repayments, it allows you the opportunity to budget appropriately, and also to assess without confusion any loan offered to you. Your monthly payments are fixed for the duration of your loan.
You may find our blog on how to avoid credit card debt helpful when planning your finances.
To work out what suits you best, you need to decide on the amount you wish to borrow. And furthermore decide the repayment period and what you can afford, rather than what’s the most you can borrow. Furthermore, you then work out using Moolr’s handy finance calculator the repayment schedule that suits you. What’s more, the calculator will give you a guide as to your monthly repayments over a 12, 18 or 24 month period 3. And it will give you the total amount payable and the interest rate. Check the options and find one that you are confident fits with your budget. In addition, do full research on finance options before committing finally. Similar products abound in a crowded market, so decide what suits your needs, because you want the lowest repayment total possible.
Finally, a lender will always check for affordability on an application form, as it is in no one’s interest for a customer to struggle with repayments.
By finding loans that are repayable over a 1 to 2 year period, we aim to fill the gap that exists between bank loans that are off-limits to those without a good credit score and the shorter-term “payday” loans. They require quick repayment at high interest rates, and are being heavily restricted currently by the financial authorities.
Moolr is regulated by the Financial Conduct Authority. You can confirm our registration on the Financial Conduct Authority’s website.Help and advice can be found on there and also on our own site. Furthermore, we are always expanding our advice section and also our blog section too.
As a licensed, and free to use credit broker, we have access to multiple lenders. One application with us talks to over 40 lenders, and you have no obligation to commit to the option we present you with. So what does being a credit broker mean? Why not read more in our blog here?
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