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Arrow Loans: Secured Loans reviews

Name: Secured Loans
Rating: 2.25 (4 reviews)

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2.50

Based on 4 reviews, last reviewed 27th Jun 2022

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No new 1 star reviews

in the past 90 days

5 star

25%

2 star

50%

Latest highest rating:

4

Friendly firm to deal with Let's face it, if you need a loan, you need to be sensible. As long as you agree on a deal that YOU can afford (which I did) and YOU make sure you kee... Read more Reviewed on: 10th January 2018

Latest lowest rating:

1

Buyer Beware Do Not use Them I applied on line for a short term loan, 200 for one week. I met all the criteria, full time job, long term residence, etc. When I submitted it said d... Read more Reviewed on: 27th June 2022

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About this product

Considering a secured loan or homeowner loan from Arrow Loans? Be sure to read our community reviews first to see what people are saying about this lender - whether it's customer service, interest rates, chance of acceptance, or anything else they liked or disliked about using Arrow Loans? Have you already had a secured loan from Arrow Loans? Please write a short review of your own and you'll be helping others find the best loan providers!

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Arrow Loans Secured Loans reviews (4)

Buyer Beware Do Not use Them

I applied on line for a short term loan, 200 for one week. I met all the criteria, full time job, long term residence, etc. When I submitted it said denied because I did not met all the criteria. I did meet all criteria. I called and spoke to Dan. He advised there is nothing they can do. Now they have all of my information. I have to monitor and see if there will be unauthorized deductions. PLEASE DO NOT USE OR APPLY HERE! Reviewed on: 27th June 2022

Great service

Great service receiver - very informative Reviewed on: 23rd September 2018

Friendly firm to deal with

Let's face it, if you need a loan, you need to be sensible. As long as you agree on a deal that YOU can afford (which I did) and YOU make sure you keep up payments (which I do), it does what it says on the tin. As with any firm / bank who lend money, they aren't in business to do us any favours. Be sensible, borrow what you need / can afford and it's fine. Take risks with the amount you borrow and fail to keep it up, expect a problem BUT this is not specific to Arrow Loans, it's the same with every single lender in the UK! Reviewed on: 10th January 2018

Exorbitant charges if hard times hit.

We had a 10 year secured loan. About half way through we had a disaster and missed several payments. This was agreed to be split up into the rest of the loan term. We stick to the arrangement only to be told that we had £2000 in late charges and £2000 in interest at the end of the loan still to pay. At no point had this been made clear and I feel that we are being bullied because of a bad time. All the money has been paid back as agreed in the term agreed. Man at the bottom getting hit hardest as usual. They have no mercy or sympathy. Never again. Reviewed on: 25th April 2017