It’s not always easy to know how to handle your finances. But our guides will help put you on the right path. This means that, based on the information you’ve given us, the lender has approved you for that loan offer based on a soft search (the kind that doesn’t leave a mark on your credit file).
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What is a pre-approved loan offer?
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p>When you’re hunting for a loan, it can be easy to get bogged down in a whole lot of finance jargon. Freedom Finance is a leading credit broker not a lender. This means that if all the information in your application is correct, subject to final fraud and lender checks, you can proceed with that loan offer confident it won’t be declined at a later stage.
Freedom Finance acts as a credit broker and not a lender. Representative example: If you borrow £7,500 over 5 years at a representative APR of 28.4% and an annual rate of 28.4% (fixed) you would pay £221.28 per month. Freedom Finance Limited. All rights reserved.
Ultimately, choosing a loan offer comes down to picking the one that’s right for you. Share this page: We receive different amounts from different lenders and the payment we receive will be either a fixed amount or a percentage of the amount you borrow. 
If you’re not sure where to start, take a look at our guide to comparing loan offers.
We know no one likes having their time wasted. Registered Office. Total charge for credit will be £5,776.80. Copyright © 2021 Freedom Finance Limited.
Registered in England & Wales 06297533. Calls may be recorded for training and monitoring purposes. Baffle-free guides to borrowing Instead of you simply having to apply blind, we now add pre-approval ratings to our loan search results to help you decide whether to proceed with an offer. Lenders accessible on this site offer unsecured loans from £500 to £25,000 over terms between 1 and 7 years with APRs from 2.9% to 249.5%. Understanding your credit score isn’t always straightforward.
Total amount repayable is £13,276.80. Although this is often still the case, pre-approval ratings let you know how likely you are to be approved before you commit to a hard search on your credit file. If you’ve checked your loan offers with us recently, you might have noticed some offers are ‘100% pre-approved’.
Want to take a look at your latest offers? Check if you have any pre-approved loan offers now without harming your credit score. Pre-approval ratings can make the loan application process quicker and easier from start to finish.
When you shop around for finance, the loan offers provided will be dependent on the lender running a hard search on your credit file to do their final checks. VAT Registration Number 257 0001 44. Lenders accessible on this site offer secured loans from £5,000 to £2,000,000 over terms from 1 to 30 years with APRs from 3.7% to 99.9%. FCA No.
662079. Minimum repayment period is 12 month. Our set of money management guides can help you out. The % APR rate you will be offered is dependent on your personal circumstances.
To give you a better idea of exactly what you’re looking at in your search results, we’re going to breakdown one of the most commonly asked questions: ‘what is a pre-approved loan offer?’ From how it works to its handy benefits, here’s why you should keep an eye out for them when https://cars45.com.gh/listing/mercedes-benz/gls-class/2017 applying for finance. Freedom Finance is a trading style of Freedom Finance Limited who are authorised and regulated by the Financial Conduct Authority. If you take out a loan or credit card, we will receive payment from the lender. We will not charge you a fee for our services.
Loans can be super confusing, but never fear – our set of loan guides will help you beat the Baffles. Atlantic House, Atlas Business Park, Simonsway, Manchester, M22 5PR. We're proud to earn a super-positive score from Trustpilot, the leading collector of honest reviews from real customers.