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George Banco Loans | www.georgebanco.com Reviews

George Banco Loans

About George Banco Loans

The George Banco company was formed in November 2013 and they began lending a few months into 2014. They had started out as a guarantor lender, but would in time add the option of a personal loan. Early growth had been spurred on by key broker partnerships. They had for instance worked with the leading retail lender The Money Shop. A significant milestone came in August 2017 when they were acquired by Non-Standard Finance for £53.5m. NSF had already acquired Everyday Loans (+TrustTwo) in December 2015, as well as the August 2015 deal for Loans at Home. Banco’s owner now controls a 180,000+ customer base with around 25,000 being attributed to the guarantor division (includes TrustTwo).

This tally is quite modest when you consider that the market leader (Amigo) has 224,000+ customers. The popularity of www.georgebanco.com had been progressing well. On a past check they had locally ranked at #57,192, but this has dropped and they now rank globally at around 1.1 million. Banco’s 2 products have slight differences. For unsecured you can receive between £1000 and £5000 paying £285.56 per £1000 over a year fixed. Their guarantor product extends to a whopping £15,000 and a cheaper deal is also available at £236.12 if you can find a backing aged 21-75. Same day payouts are pitched, no late fees are charged and they have amassed 6000+ reviews on Trustpilot scoring 95% with 1700+ Facebook fans.

Company Details

Address: The Blue Building, Dairy House Farm, Beckington, Frome, BA11 6TE

Brand: George Banco (aka: GeorgeBanco)

Company: Everyday Lending Ltd (subsidiary of Non-Standard Finance Plc)

Contact (📧): customerservices@georgebanco.com

Contact (☎): 0122 594 1941

FCA Licence: 724445

Launched: 2014

Niche: Guarantor, personal

Opening Hours: Mon/Fri (9am-5pm), Sat (9am-3pm)

*Existing times differ as: Mon/Thu (9am-7pm), Fri (9am-5pm), Sat (9am-1pm)

Related Brands: Everyday Loans, Loans at Home, TrustTwo

Site Address: www.georgebanco.com

Site Rank (Alexa UK): Unranked | 1.1m (global)

Product Specs

Amounts Available: £1000 to £5000 | £1000 to £15,000 (guar)

Backings: Homeowners or tenants aged between 21 & 75

Late Payment Fee: £0

Login Provided: Yes

Pricing: £285.56 /£1000 (12m) | £236.12 /£1000 (12m) (guar)

Repayment Terms: 12 to 60 months

Review Feedback

Feefo: Not listed

Reviews: Not listed

Trustpilot: 95% (6050+ count)

Rivals & Similar Lenders Like George Banco

Within the group, TrustTwo charges £235.16 (homeowner backing) and £236.96 (tenant) and so there is little difference to the £236.12 charged here. The main Everyday Loans firm has always been rather pricey. You can only borrow there from 18 months onwards. At 2 years they’d ask for £854.25 (representative) that is expensive, but you would likely have a greater chance of approval since they complete the process in person and give you a chance to explain why you want the loan and how you’ll be able to manage the repayments. With outside competitors, Bamboo is the most similar matched competitor, but there are competitive rivals around them such as UK Credit (guarantor) and Likely Loans (personal).

Last Check @ www.georgebanco.com: August 2nd, 2019

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