Lombard Direct loan products offer loans from £500 to £14,999 at a typical APR of 7.40%, dependent on your credit history. Their loans are fixed rate, allowing you to control your budget with fixed repayments for the life of the loan. You can select repayment terms of between 2 to 7 years, and there are no arrangement or administration fees.
With regards to loan repayment flexibility, there are many more flexible options available in the market. Lombard Direct loan products do not offer the facility to take repayment holidays, there is no option for overpayments if you find your circumstances change, and one month’s interest is charged for early settlement on the loan. Greater flexibility is available elsewhere, so if having these choices available to you are important, complete the form on this page to compare the Lombard Direct loan range with the more flexible options available.
To be eligible for a Lombard Direct loan you must have an excellent credit rating and no CCJs on your credit history. If you are looking for an affordable loan option and don’t have a perfect credit score, your best option may be to compare loan products between other lenders. Use the Totally Money online loan comparison tool to search for a loan product that will cater to your requirements more closely, and find the cheapest deal for your circumstances.