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Fair Finance Reviews

Ratings based on 2 reviews Last review 6 months ago
3 / 5Good overall rating

Fair Finance reviews written by our Smart Money People can help you to find out more about this company. Smart Money People is the UK's independent financial services review site. Read and write Fair Finance reviews, and together we can help to...

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Fair Finance reviews written by our Smart Money People can help you to find out more about this company. Smart Money People is the UK's independent financial services review site. Read and write Fair Finance reviews, and together we can help to increase trust and transparency in financial services.

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Your Fair Finance Reviews (2)

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20th June 2016

Not very fair finance

I have applied for a loan of £200 and was approved, which is great but... Firstly, I had to wait 3 days for decision. Secondly, Fair Finance states on their website that they charge upfront admin fee of 5% of the loan value, which in my case should be ...

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I have applied for a loan of £200 and was approved, which is great but... Firstly, I had to wait 3 days for decision. Secondly, Fair Finance states on their website that they charge upfront admin fee of 5% of the loan value, which in my case should be £10. After a phone chat with a representative, it appears that the admin fee for my loan is £25 which is whooping 12.5% of the loan. Very misleading website. If the information was stated correctly wouldn't bother applying for a loan. £10 is acceptable but not £25 especially on such a small loan. If one includes admin fee and interest rates, loan becomes too expensive to consider. Just wasted my time.

Reply from Fair Finance
We’re sorry that you had a bad experience with Fair Personal Loans, we work hard to ensure that customers get a decision within one working day. We have a minimum administration fee as it costs us the same amount of money to look at a smaller loan as a larger one, we’re sorry that you didn’t feel this was clear enough, since you applied we have made it more explicit on our website.