![]() Interest rate 5.9% pa (variable), min 3.1% APR, max 1326% APR, min and max term: 12 – 60 months. ![]() Total amount repayable is £15939.20 in 24 monthly instalments of £664.13. Representative example: £15,000 borrowed for 24 months. Our minimum repayment period is the same as Freedom Finance at 12 months.Īlthough our representative example differs to theirs as we use an example with different amounts. The total charge for credit will be £1,178.85 meaning the total repayment would be £8,678.85. You would result in paying £144.64 per month. If you borrow £7,5000 over 5 years at a Representative APR of 5.9%. Interpreting our specific amounts into Freedom Finances representative proves that we offer a better rate. This is higher than most other lenders and brokers in the industry. Compared to Simple Personal LoansĪt Simple Personal Loans, we offer unsecured loans up to £35,000. Freedom Finance is a leading credit broker and not a lender. The %APR rate you will be offered is dependent on your personal circumstances. The minimum repayment period is 12 months. The total charge for credit will be £3,169.20. Representative example: If you borrow £7,500 over 5 years at a Representative APR of 15.9% and an annual rate of 15.9% (fixed) you would pay £177.82 per month. ![]() The representative example which they provide on their website is as follows: Representative 15.9% APR (Variable) With an unsecured loan, you can borrow up to £25,000, but with a secured loan, it goes all the way up to £2,000,000. How much can I borrow with Freedom Finance?ĭepending on whether you’re looking for an unsecured or secured personal loan, the amount differs. Who is Freedom Finance?įreedom Finance is a broker who provides unsecured loans and secured loans. They have a small panel of lenders who are all based on the UK who they send your application on to and then you are either accepted or not. Some of us are on the hunt for the perfect personal loan but we just can’t decide on which lender or broker you should use? Here at Simple Personal Loans, we’re breaking down the comparisons with Freedom Finance. But remember, there could be other lenders out there that suit your circumstances better. If you’re looking for a loan, you may already have a lender/broker in mind for your personal loan. ![]()
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