PM Loans | www.pmloans.co.uk Reviews

PM Loans

About PM Loans

PM Loans is the 3rd and latest project attached to The Money Hive roster. PM’s site as located at www.pmloans.co.uk was registered in summer 2019 and they look to have then launched a few months into 2020. There isn’t much difference between BingoLoans and LoanPig on the traffic rank front. Their global Alexa ranks have floated just over the 3 million mark. PM’s rank just surpasses 6 million, but this is still impressive for a newcomer. Regardless of visibility, a matched product can be found pitched across each of these trio of sites. These are generally built as lead generation doorways with the account management facility being controlled centrally at The Money Hive.

This firm promotes themselves as both a lender and a broker. Whilst there are many firms that do this it seems strange just how much emphasis they place on it. The PM loan has a wide repayment spread of 2 to 12 months. Unlike Hive’s other brands there is no such calculator on the homepage. You can choose the amount, but will need to hit apply and then modify the term. Any amount can be selected from £50 to £1500, but it would be unrealistic to expect a sizeable figure when borrowing for the first time. On the pricing side for £300 the cost would be £156.52 (3m) whilst you’d pay an equal £300 at 6m.

Company Details

Address: 657 Liverpool Road, Manchester, M44 5XD

Brand: PM Loans (aka: PMLoans)

Company: The Money Hive Ltd

Contact (📧): info@pmloans.co.uk

Contact (☎): No phone number

FCA Licence: 736632

Launched: 2020

Niche: Instalment, personal

Opening Hours: Not disclosed

Related Brands: BingoLoans, LoanPig, Simple Personal Loans

Site Address: www.pmloans.co.uk

Site Rank (Alexa.com Global): #6,456,739

Product Specs

Amounts Available: £50 to £1500

Late Payment Fee: £15

Login Provided: External via www.themoneyhive.co.uk

Pricing: £156.52 /£300 (3m) & £300 /£300 (6m)

Repayment Terms: 2 to 12 months (any month between)

Review Feedback

Feefo: Not listed

Reviews: Not listed

Trustpilot: Not listed

Rivals & Similar Lenders Like PM Loans

This 2020 industry newcomer is currently beating out other fresh brands from 2019 noting Buffa whilst Polar Credit is much further behind. Kabayan Finance and the Quick Loan Shop were quite close in the ranks. They would each be great alternatives if you are a seeking a highly flexible loan (as well as being cheaper). The £300 6m charge here was £300 whilst the market leading deal comes in at £64.24 from Conduit. It is strange to see such a wide variation in value. It is the case though that even major brands like Dot Dot and Lending Stream are imposing premium charges not far from that £300 region. An issue with the lender in focus is that there are no external reviews and so it’s tricky to determine the standard of service being provided regardless of cost.

Last Check @ www.pmloans.co.uk: May 6th, 2021

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