Savvy Loans | Reviews

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Savvy Loans

About Savvy Loans

Stockport’s Valour Group references operating in FinTech and LegalTech. We aren’t familiar with everything that they have been working on, but their Savvy personal loan product has been central. There was a time when they were brokering under Best4Loans and Money Hotshot, although this is no longer the case. Savvy’s roots head back to 2013, but they had originally used both the Valour and Lightning names for a short period. To date they’ve paid out just over 92,000 loans. They do seem to be doing well as a local business, but have evidently struggled across the wider UK being unranked at Alexa. This is surprising as we can recall them running a TV ad campaign in late 2016.

On a past check this lender offered a starting term of 6 months, but they now offer 4 available selections of 8, 12, 15 and 24 months. Various amounts are assigned to these fixed terms that are £300 to £500 (8m), £501 to £1200 (12m), £1201 to £2000 (15m) and £2001 to £3000 (24m). The rates of interest lower as you climb up the levels. For a year, a charge of £999.92 would apply for £1000. At 2 years, £2999.90 would come in for £3000 that is equivalent of £999.97 for £1k. You could always access £2001, but for display purposes we compare full figures. The Savvy reviews are supportive on Feefo and Trustpilot is good at 88%.

Company Details

Address: First Floor, Highbank House, Exchange Street, Stockport, SK3 0ET

Brand: Savvy (aka: Savvi)

Company: Valour Finance Ltd (subsidiary of Valour Group (UK) Plc)

Contact (📧):

Contact (☎): 0800 007 5888

FCA Licence: 718303

Launched: 2013 (Valour Loans & Lightning Loans)

Niche: Instalment, personal

Opening Hours: Mon/Thu (8am-7pm), Fri (8am-5pm), Sat (9.30am-1.30pm)

Related Brands: Non

Site Address:

Site Rank ( Global): Unranked

Product Specs

Amounts Available: £300 to £3000 (all customers)

Late Payment Fee: Not disclosed

Manage: Yes, a Savvy login is provided

Pricing: £999.92 /£1000 (12m) & £2999.90 /£3000 (24m)

Repayment Terms: 8 to 24 months (8, 12, 15 & 24)

Review Feedback

Feefo: 85.7% (rated 5/5) (exact 522/609)

Reviews: Not listed

Trustpilot: 88% (530+ count)

Rivals & Similar Lenders Like Savvy

Much of Savvy’s business would appear to be generated locally. Their clear rival in the sector is Everyday Loans who themselves have a branch in Stockport and they’ve even been growing nationally through recent TV ads. H&T is another competitor with a local presence targeting the same niche. Moving forward, it would make sense for them to compete more nationally. The subprime 24 month loan niche has very limited options with under a dozen competing brands. It would be tricky to compete on pricing though as the top 2 sector deals each come in under £500 whilst the top 4 come in under £600. The equivalent price here in contrast came in close to £1000.

Last Check @ June 20th, 2021

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