A division of the HBOS group, Intelligent Finance was launched in 2000, and offers a range of online and telephone financial solutions. The Intelligent Finance loan range offers two unsecured personal loan options, one with a typical APR of 7.90% that offers the opportunity to repay the loan as quickly as possible without incurring a settlement fee; and one with a slightly lower typical APR, designed for those with excellent credit ratings who don’t require the flexibility of a penalty-free repayment option.
The Intelligent Finance Loan options are available for between £500 and £25,000, with loan terms ranging from 1 to 7 years. You may be eligible for a payment holiday of three months at the beginning of the loan, and interest rates are fixed for the life of the loan, so you’ll know exactly what you need to repay each month.
Acceptance rates for the Intelligent Finance loan are above average, but you will need an excellent credit rating in order to be considered. As over 85% of unsecured loan applicants are refused*, it may be worth shopping around for a better deal if your credit rating is less than perfect. If you are a homeowner, you may be able to secure the lowest possible rates and most flexible loan terms by considering a secured loan. Complete the form on this page to compare the UK’s most competitive secured and unsecured loan options , and find the best deal available for your circumstances.
*Source: Totally Money data, April-July 2007