We know everyone somehow needs to get a personal loan at any stage of their life. It may be for a house renovation, dream wedding, car, honeymoon, debt consolidation, financing education, or anything else. Many companies in the market offer competitive personal loans with relatively low-interest rates. But the real problem begins if you have a less than perfect credit score. Traditional lenders will not allow you to borrow a loan with a bad credit history. But that is not true in the case of Progressive Money Personal Loans.
They believe in allowing such people to prove they are credit-worthy. By applying for a loan at Progressive Money, you can earn an excellent opportunity to improve your credit score for securing more loans in the future. So if you want to get a personal loan, let’s have a quick shot of some of the critical features and working procedures of Progressive Money personal loans.
Features of Progressive Money Personal Loan:
Progressive Money offers flexible personal loans between £1,000 to £15,000 with a loan term of 8 to 180 months. Their representative Apr rate starts from 14.4% and rises to 89.9% for those with less than perfect credit score. The rate offered depends on your credit score; however, applying will not harm your credit score.
For better understanding, consider a representative example: Suppose you borrow a loan of £6000 over the repayment period of 36 months. Your representative APR will be 40.4%. You have to Repay £9700.08 with monthly increments of £269.45. Plus, they also charge a fee of £295 that covers your account’s setting up and management.
How to Apply?
So if you want to get a loan from progressive Money you can apply online and via telephone. They will do a soft credit check without affecting your credit score and provide instant quotes within a few minutes. Once you get approved for the loan, they will transfer the cash into your account within 24 hours. They provide fantastic, quick service and excellent customer support to make their clients stress-free.
There are harsh eligibility criteria to get elected for the loan. Even you don’t need to have a good credit score. Any Person over age 21 who is a permanent UK resident and has a gross income of £12,000 per year can apply for the loan. The only thing that makes it sometimes difficult to get a loan from progressive Money is that they only offer loans to homeowners. This means if you are not a homeowner, you will not be able to get a loan.
If you face any shortfall in your finance and have a bad credit score or are turned down by other lenders, you still have a chance to overcome your financial shortfall and improve your credit score. Get a personal loan from progressive Money and raise your finance with an excellent tailored solution. If you have any further questions, you can contact Progressive Money via telephone at 0161 814 9383- or by email at [email protected]. They also have a complaint line 0161 814 9384.