Purple Loans is a trading name of GE Money, through which all its loan products are offered. GE Money offers two standard lending products, a secured loan and a personal ‘Everyday loan’.
The GE Money secured loan allows homeowners to borrow againt the equity available in your home. Loan terms are flexible, allowing you to spread your repayments to match your budget and keep your monthly payments as low as possible.
The unsecured loan option with GE Money is offered over 1 to 7 years for amounts of between £3,000 and £25,000 at a fixed rate for the life of the loan. The unsecured typical loan rate given to 66% or more of their customers is advertised as 6.90%. The actual rate offered to you will depend on a close assessment of your personal history of borrowing, and generally the better your credit score, the more favourable rates you will be eligible for. Knowing the exact amount of your monthly repayments can be helpful in managing your budget, and you may also apply for a three month repayment break at the start of the loan to get your finances under control.
You should check that GE Money is the best option for you before applying. Complete the form on this page and Totally Money can evaluate the best loan for you based on your financial requirements to make sure you are get maximum value for money.