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AA: Personal Loan reviews

Name: Personal Loan
Rating: 1.6 (45 reviews)

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1.50

Based on 45 reviews, last reviewed 4th Feb 2024

No new 5 star reviews

in the past 90 days

No new 1 star reviews

in the past 90 days

11%

2 star

83%

Latest highest rating:

5

Aa to the rescue I applied to consolidate debts. Quick easy application, Offered a great APR which will save me thousands on credit card debt. I dont have the best cre... Read more Reviewed on: 26th February 2023

Latest lowest rating:

1

AA Kredit is a fake application Because AA Kredit is a fake application because this application is not registered with the NBFC or the RBI also it takes an advance. See Here AA kredit Loan ... Read more Reviewed on: 4th February 2024

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About this product

AA personal loan reviews on Smart Money People are honest reviews. If you're trying to determine whether this is the right personal loan for you, reading our AA personal loan reviews can help you to find out what other people have to say. Smart Money People launched in October 2014 to help people like you to find the best personal loans. If you have used a AA personal loan, we'd love you to write a quick review too.

AA Personal Loan reviews (45)

Review of the AA, Personal Loan:

I felt like others - I need to write about my experience !READ IT!

Forget the eligibility checks! The real form will ask you for your debt, mortgage/ rent payments and they will ask you for your salary, be prepared to admit the truth. Firstly yes everyone advertises low APR rates, and by now be prepared to understand you will not get this rate, count yourself lucky if you do not, My application was processed and money in my account in 1.5 days, money always should be in your account by 14:30 - 15:00 before the working day cut off. I have given 3 stars for “Good Customer Experience” simply because of the following; I earn a fair amount which is considered a good wage, I have a low mortgage payment, and low bills. My Credit score is high, between Good/ Excellent between all the different credit agencies. Now AA and other lenders “obviously” know that if you “applied” for a loan and you know it will affect your Credit score with a hard search. You have done your search and now you are given double the Interest rate, this just makes me believe that the Lenders know…. after giving your financial history, and credit history, you have “Credit utilisation” to spare, than they will take advantage of that and offer you a double rate than advertised. This is what happened to me, unfortunately I am in a situation where I needed the money, this was my option and I am happy and content with the payments. Good luck to you all because the reviews are awful, and AA have a strict criteria, so if you missed payments I think it’s best not to apply. Reviewed on: 12th January 2023

Bait and switch

95% preapproved 2.8% became 16.5% very quickly. scam Reviewed on: 7th March 2022

Do not go near AA loans

Ugggghhh. Same as below. Got suckered in by the 95% pre-approval rating on Experian. And the fact I always thought of AA as a reputable company. If AA loans came to mend your car you would be stuck by the side of the road for eternity.,. They send you a cheery e-mail implying the monies will be with you in 2 working days whilst hiking up the advertised interest rate by 400%.. Then decline your loan and don’t bother telling you until you chase them up. I have an excellent credit score (990), decent stable income, no black marks against my name etc and work hard to keep things this way. But the AA said no. And now my credit rating has taken a 15 point hit. I don’t know what you need to get a loan from the AA. A letter from the Queen, but I do hope you are reading this and avoid them like the plague/ COVID! Reviewed on: 17th February 2022

Scammers

In line with many negative reviews on trust pilot I too fell for the 95% approval chance through a credit report. Offered initially 2.8% but then came through as 17% on a £25,000 loan. Crazy. Went with another lender and got 2.8% for the £25,000. So I’m now left with a hard search on my credit file. AA loans have turned into a bunch of scammers hoping to find some poor guy that doesn’t have an option but to accept the ridiculously high interest rates. What’s even more scary is you can no longer write reviews on trust pilot on the AA loans page and if you search for AA loans on google their page doesn’t come up in the listed searches anymore. Reviewed on: 26th January 2022

Avoid AA for loans.

Avoid this company to get loans. They will try to lure you and make it look you're eligible for 3% loan. After adding all the detail the final APR was 21% haha, what a joke. I went with Sainsbury who gave me a better APR rate of 7% and got the money transferred in an hours time all digitally signed. Time wasters and ruins your credit history. Reviewed on: 24th December 2021

WORSE COMPANY EVER AVOID**

Applied through cleascore on 12th June now 27th and no money horrendous customer service..false promises 15 phone calls no one ever call you back KEEP AWAY AT ALL COSTS Reviewed on: 27th June 2021

Do not use

I found a car advertised on the AA website with AA finance available as the AA work with the the dealership the car was from. I was pre-approved for finance but then when trying to complete the process I was told that the AA doesn't work with the dealership the car was from. Why would the AA advertise a car with finance if they do not work with the company selling the car. Everything I found was through the AA website not the dealership. Sort it out AA, you shouldn't be advertising false information. Reviewed on: 12th June 2021

Took 21 days to decline 999 out of 999 credit rating

I have a perfect credit rating, never missed a payment, household income over £140k with zero debts and 50k in my current account, they turned me down for a 16k loan for a car. Bizzare. Don't waste your time. Reviewed on: 23rd March 2021

Absolutely shocking please take note of reviews

It’s a big con, I used Experian for my credit score which they tell me is excellent and apparently I had 95% chance of getting a loan with AA. So I applied and got approved (or so I thought) signed the credit agreement and uploaded it. It’s then took almost 3 weeks to tell me I’ve now been declined. I’ve rang up and chased them over and over to finally get declined. The people in the call centre don’t know what’s happening, it’s a shambles. Oh and guess what they say when your refused? Go to Experian to check your credit file..... the same credit file which told me to use AA in the first place. It’s a big con they must get commission from each other to waste peoples time!! Seriously don’t be fooled go to your bank, I did and was approved instantly just wish I went to them straight away instead of wasting a month with these. Reviewed on: 24th October 2019

Worst company I have used

I applied for a loan 1/8/19 to pay off my car. It's taken them 22 days to tell me I was unsuccessful even though I have a good credit rating. I did the pre application which said 90% chance of acceptance. So I sent all my details off bank statement and passport took them 4 days to day they they needed them in colour. So I sent them again then another 4 days to say the bank statement needs to be in pdf. None of this information was on the website or any emails I received constantly messing around from start to finish only to be told I was unsuccessful. Constant phone calls back and forth the staff were rude and just kept repeating the script they were reading from. Absolutely disgusting service. I then made a complaint to which I have had no reply. So if your looking for a loan go to your bank these are a joke. 22 days to get a decision is not acceptable. Reviewed on: 22nd August 2019

3% quoted - 999 credit score sent loan out at 7.7%

Avoid at all costs. They do not give the quoted rates. I was quoted 3%, i have a 999 Experian credit score, zero balance on credit card etc. sent loan out at 7.7%! Complete con and getting that search removed. Also cancelled boiler cover and breakdown cover as a result! Reviewed on: 23rd March 2019

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