Frequently Asked Questions (FAQ’s)

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Our FAQ’s

We offer our FAQ’s to help customers find a quick answer to any questions about our loans and service. So, please see below some of the top questions asked by our customers which concludes our FAQ’s.

FAQ’s – What some of our customers have asked:

Absolutely nothing,

We provide our service as a FREE comparison tool for anyone seeking online loans. Unfortunately not all customers will be successful, so to charge a fee on the basis of a search with no guarantee would be unethical. However, we do receive a small fee once the loan has been accepted (which is paid by the lender).

We represent a brilliant new formula providing various alternatives for unsecured loans. Whether you have an excellent credit score or a poor one, our unique service could give you instant access to the cash you need. Loan Bird uses a lending platform which provides customers access to the vast majority of the UK’s loan lenders.

We Don’t.

There’s no need for us to conduct a credit search at any point throughout our application process. Once you are referred to a lender it’s at this stage they might need to do quick credit history check.

Yes, we are.

Bank holidays too! We understand a lot of customers can work different shifts, that’s why we have made our loans available 24 hours a day, 365 days a year.

APR stands for Annual Percentage Rate.

The present APR shown on our website is just an example, this can vary from lender to lender. This usually depends on the terms and circumstances of the loan you choose.  APR takes into account the interest on the loan, along with other potential charges e.g. arrangement fees. All lenders will tell you their APR rate before you sign any loan agreement.

Yes,

Most lenders on our panel can look at offering this facility. If you want to know more about poor credit loans, we have a section of information on this topic.

Once you have accepted one of our loans we always aim to send the funds over on the same day. We are proud to say our lender’s average transfer time is around 10 minutes.

Our loans offer:

Lending amounts from £100 – £15,000 with the choice to borrow up to 5 years.

 

Please see our article on guarantor loans to give you a full explanation on how they work.

You can always pay your loan off early if you want. Bear in mind that lenders usually look to charge early repayment fees. Please contact your lender if you have further questions or want to do this.

First and foremost,

You should contact your lender immediately to explain your circumstances so they can assess the situation to hopefully offer assistance. If you have any financial problems and debts are becoming unmanageable you can receive free advice from various organisations like:

moneyadviceservice.org.uk and citizensadvice.org.uk

We operate with an open door policy, so please ask away!

The Loan Bird team are always here to help and aim to reply as quickly as possible. Please have look through all our loan information if you want to understand more on our products.

Click the following to ask us anything – Contact us

Representative APR: 279.5% | Representative Example: Loan Amount: £300 | Borrowed for 60 days | Total Repayment: £420.82 in 2 monthly installments of £210.41 | Interest Charged: £120.82, interest rate 120.8% pa (Variable).

One of our loans could be the right choice if you:

are 18 or older

The minimun age to use our service is 18.

live in the UK

Must be a current resident of the United Kingdom.

have a Bank Account

You need an active UK bank account to allow the money to be transferred to you.

CAN AFFORD TO MEET THE MONTHLY PAYMENTS

Only take out a loan if you can afford to meet the monthly requirements.

HAVE A REGULAR INCOME

You must have a monthly income to show you can afford repayments.

NEED SOME QUICK CASH

Online loans are one of the most efficient ways of borrowing.

Our website is completely free for you to use, but we may receive a commission or fee from some of the companies we feature or introduce you too.

Loanbird.co.uk is a registered Trading Name of RJW Assist LTD. RJW Assist LTD is registered in England and Wales (Company number: 09470548). Registered Address: Brook House, 40 Cuthbert Road, Stockport, Manchester, SK8 2DT. Licenced by the Information Commissioners Office: registration number: ZA436430. RJW Assist LTD is authorised and regulated by the Financial Conduct Authority and is entered on the Financial Services Register under the reference number: 788094. We are a licenced credit broker, not a lender. Loanbird.co.uk does not provide any loan or consumer credit products directly.

Timescales on receiving your funds may vary from lender to lender and depends if your bank accepts faster payments. The loan amount and interest rate offered is subject to the lender’s requirements and approval.

Warning: Late repayment can cause serious money problems. For help, visit moneyadviceservice.org.uk