FAQ's
Applying for a loan
How much can I borrow?
You can borrow any amount from £2,000 to £50,000 on a secured loan. Or any amount from £750 and £7,500 for a personal loan. The best way to get a personalised quotation is to contact our friendly, helpful loan advisers now, or ask us to call you back at a time to suit you. For more details on car loans visit our sister company Welcome Car Finance.
Over what period of time can I spread my loan?
Again this depends on the type of loan but you could get a secured loan for up to 15 years. Spreading your repayments over a longer period has the advantage of making your monthly repayments more affordable. However it does mean that you would pay more over the life of your loan, so you might opt for a shorter repayment period instead.
Can you give an example of what my repayments might be?
Sure, just call us now or we'll call you back with a personalised quotation.
What can I use my loan for?
Anything you like. How you spend your loan is your business, whether it's for consolidating your debts*, building a conservatory or taking a holiday.
Does it matter if I have CCJs, mortgage arrears or poor credit?
No, we look to help everyone, whatever your circumstances.
What APR will I be charged?
That depends on what type of loan you opt for. On a secured loan we have a typical 17.7% APR. On a personal loan we have typical 27.2% APR. These are the typical rates that at least 66% of customers like you pay. However you could pay a little more or a little less, depending on your personal circumstances.
Do I have to use my property for a loan?
No, you can take out an unsecured personal loan instead, however secured loans do allow you to borrow more, spread your repayments over a longer period and pay a lower APR. This all means that your monthly repayments could be lower with a secured loan. On the other hand, it may cost you more over the entire length of the loan.
Do I have to pay for a valuation on my house, or legal fees to the solicitors?
No.
Will our mortgage lender need to know about my loan?
No.
Are there fees for taking out the loan as well as the interest?
An administration fee may apply depending on the type of loan. Call for details, or we'll call you back.
Will you be contacting my employer?
This may be necessary to confirm your salary details.
How do I apply for a loan?
Simply complete our enquiry form and we'll call you back or call us now.
Do I need to provide any documents?
No, not immediately. We can give you a decision in principle without having to see any paperwork. We'll only need to see some documentation before the loan is completed.
Am I under any obligation by filling in the enquiry form?
None whatsoever.
How long will it take to process my loan?
A cheque could be with you as quickly as 5 days for a personal loan and 10-15 days for a secured loan, after your decision in principle.
Might I be refused a loan?
At Dial4aloan we try not to turn anyone away. Whoever you are, whatever your circumstances, we try to find the right loan for you. The only people we automatically refuse are those who make fraudulent applications.
