Fair Finance Loans | www.fairfinance.org.uk Reviews
About Fair Finance Loans
Fair Finance is an experienced social enterprise active since the year 2005. Today they have built up more than 30,000 customers. Their potential for growth has improved considerably since they expanded nationwide, although this has been restricted somewhat by their lack of promotion. They originally opened several branches across London where payouts needed to be completed in person. They have adapted to operate both fully online that means that everyone now has access to affordable credit. They have opted to maintain 3 of their offices (these are situated in Brixton, Dalston and East Ham). Fair’s product is highly flexible spanning from 6 to 18 months. Any month across this range can be selected.
The option is also there to repay weekly if you’d prefer, but this isn’t advisable as the prices jump up. In the pricing examples shown an admin fee is included, but this is taken from the money sent out. Customer loyalty is rewarded here with existing customers receiving a cheaper deal. Longer term borrowing is quite expensive compared to what’s out there. It’s advisable to opt for their instalments for their best value. At 6 months they charge £116 for £300 and then £92 when returning. Qualified funds are typically paid in 24 hours, but they do close at weekends. Eligibility is relaxed with coverage for people on benefits, with CCJs or defaults. They score 96% on Feefo.
Company Details
Address: Space 2, Fitzroy House, Abbot Street, London, E8 3DP
Brand: Fair Finance (aka: FairFinance)
Company: East End Fair Finance Ltd
Contact (📧): enquiries@fairfinance.org.uk
Contact (☎): 0208 988 0627
FCA Licence: 717247
Launched: 2005
Niche: Instalment, personal
Opening Hours: Mon/Fri (9am-5.30pm)
Related Brands: Non
Site Address: www.fairfinance.org.uk
Site Rank (Alexa UK): Unranked | 3m (global)
Product Specs
Amounts Available: £100 to £1000 (£3000 on reloans)
Late Payment Fee: £0
Login Provided: No (one-off payments only)
Pricing (Monthly Repay): £116 /£300 (6m) & £624 /£1000 (12m)
Pricing (Weekly Repay): £126 /£300 (26w) & £672 /£1000 (52w)
*Reloan prices are: £92 (6m), £527 (12m) & £101 (26w), £568 (52w)
Repayment Terms: 6 to 18 months
Review Feedback
Feefo: 96% (390+ count in 12m)
Reviews: Not listed
Trustpilot: 82% (70+ count)
Rivals & Similar Lenders Like Fair Finance
This lender has enjoyed steady growth since expanding nationwide. There has however not been any considerable push on the promotional side though and so they haven’t really posed much of a challenge to major brands like Lending Stream and Sunny. It’s a shame that they don’t get the exposure they deserve as their 6 month charge is the 2nd cheapest available. They are only edged out by Street UK, but Street’s service is restricted to the Midlands only. Anico Finance and Quick Loan Shop are competitive alternatives on the pricing side. Fair’s global Alexa rank has been floating around the 3 million mark. This is similar to Dot Dot Loans, MoneyBoat and QuidMarket.
Last Check @ www.fairfinance.org.uk: August 18th, 2019
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