Voting in the British Bank Awards is now open! Share your feedback & enter our £1,000 prize draw.Vote now

Fair Finance Personal Loan Reviews

Ratings based on 3 reviews Last review 4 months ago

Fair Finance 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 Fair Finance personal loan reviews can help you to find out what other people have...

Read Full Description

Fair Finance 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 Fair Finance 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 Fair Finance personal loan, we'd love you to write a quick review too.

5 2
4 0
3 0
2 0
1 1

Your Personal Loan Reviews (3)

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 ...

Read more

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.