Trustworthy Loans

Borrow From Trusted, Fully Authorised Lenders

When considering making a loan application, whether or not the lender is trustworthy is something that will usually cross your mind. Loan-scamming horror stories are readily distributed across the internet, and there is a real risk that you may be subject to untrustworthy lenders if you do not borrow through the right medium. At Proper Finance, we do the vetting so that you are not subject to fraudulent lenders.

FRAUDULENT LOANS – THE WARNING SIGNS

Many of us will come across requests to fill in our details by fraudulent individuals posing as reputable loans companies. A typical medium by which this is done is through phishing emails. Loan scams can be difficult to spot as many of the biggest and most trustworthy loans companies do not have recognisable or ‘household’ brand names, as do the loans that are offered by the big banks that we know well.

Here are the warning signs of a loan scam:

  • You are contacted without having registered any interest
  • The interest rate offered is unusually low
  • You are emailed from a generic account (such as @hotmail.co.uk)
  • You are approved for a loan amount that exceeds what you requested
  • The ‘company’ has no publicly listed business address or phone number 
  • The ‘company’ asks you to make an upfront payment upon being approved 

WHY USE PROPER FINANCE?

Getting a loan is safer with Proper Finance, as we carry out all of the security-checks on our partners so that you don’t have to worry. We only work with lenders that have been fully vetted and have a UK credit license and either interim permission or full authorisation from the Financial Conduct Authority. Trustworthy lending is at the heart of our policy here at Proper Finance.

HOW DOES OUR SITE WORK?

Firstly, use our free and simple comparison table to compare rates from our list of featured lenders. You can click through and apply on their website directly. Alternatively, you can provide us with a few of your details and one of our partners will get back to you as soon as possible to discuss your options.

Because we have partnered with multiple lenders, we are able to offer you the choice you deserve when it comes to finding the right loan for you. With us, you are free of the restrictions and set-rates involved in looking at a single lender.

We allow you to borrow from £50 up to £50,000 from one of our many lenders. The main benefits of our website include:

  • No upfront fees
  • We will not pass on your details to third parties without your permission
  • Our site is on a secured server (https) to protect your details
  • Compare rates from several competitive lenders
  • Choose from over 50 different unsecured loan products

THE CRITERIA FOR APPLYING:

Whilst the criteria may vary between lenders, the eligibility factors include:

  • Must be a UK Resident;
  • Must be over 18 years of age;
  • Must have a working debit account, email address & phone number;
  • Must be employed, earning at least £500 per month and able to afford monthly repayments;
  • Must have no history of bankruptcy, CCJs or IVAs.

What happens if you cannot repay?

Failing to repay your loan may result in your credit rating being negatively impacted, which could harm your ability to access other financial products in the future. If you take out a loan that is secured against an asset, such as your home or your car, defaulting on your repayment could lead to the repossession of that asset.

Please ensure that you choose a realistic repayment term when applying for a loan with any one of our providers such that you are able to make your monthly payments. If you expect that you will not be able to make a monthly repayment, ensure to let your chosen lender know in advance. Most lenders have sympathetic policies which allow for a grace period of a couple of days if you ensure to notify them of your situation.