Company Performance Metrics
Loanchoice provides short term personal loans to consumers who need to borrow relatively small amounts for various purposes, such as rental bonds, household goods, holidays or other expenses. The company offers fixed-interest loans typically ranging from £100 to £1,000, repayable over periods from around 10 weeks up to 12 months. Customers begin
with an online application form and then work with an agent who confirms details, advances funds and sets up the account. Loans can be repaid weekly or monthly by installments, and are subject to affordability and credit checks. Loanchoice operates as a direct lender rather than a broker and outlines example repayment schedules and associated costs on its website. The firm also provides contact channels for borrowers who experience repayment difficulties and refers them to independent debt advice organisations.
