Smile loan products are available for amounts between £500 and £25,000 for almost any purpose. Smile loan repayment periods may be spread over 1 to 7 years, allowing you to choose the monthly repayment amount that suits your budget. Also, as interest rates are fixed for the life of the Smile loan, your repayments are guaranteed not to rise during the term, enabling you to retain full control of your budget.
Although Smile loan products are advertised at the attractive typical APR of 7.90%, however the actual rate offered to you may differ. This is because, as an unsecured product, Smile loan applicants are subject to a credit check in order to assess the risk of lending to each applicant. If your credit rating is less than perfect, you may not qualify for the most attractive Smile loan rates and loan terms, which may result in a Smile loan becoming an unaffordable borrowing option.
In order to source the lending products that suit your personal financial situation, you should speak to an independent expert who can advise on the market as a whole and tailor a quote to your independent circumstances. Totally Money can provide just this, to help you find the loan that suits your requirements and your budget. Simply complete the form on this page and discover whether a Smile loan is the best choice for you.