Who am I lending my money to?

The loan agreement is between you and us (Perfect Personal Finance Ltd)

Are there any limits on the amount of money I can lend you?

The minimum amount is £10,000 the maximum is £100,000.

How long will I lend you the money for?

This is a fixed term loan. The minimum term is 6 months, the maximum term is currently 36 months.

Can I have multiple loans with you?

Yes, you can have as many loans as you like (subject only to our current lending requirements)

What interest will you pay me?

We typically pay 2%-5% per month, depending on the length of the loan, the amount borrowed and general availability of funds.

When will I get paid?

You will get paid at the end of every month, by bank transfer, directly into your nominated bank account.

What about tax?

By law we are required to deduct tax from the interest that we pay you.

Who do you lend money to?

We lend money to families and individuals who meet our strict underwriting criteria

What checks to you carry out before lending money to people?

We carry out a full range on checks which include identity checks, credit checks, anti fraud checks and anti money laundering checks. We carry out the same kind of checks that other financial institutions do (and some added ones that they don’t).

If your customer fails to repay the loan, will I lose my money?

No, we cover any losses, you get paid whatever happens.

Is my capital guaranteed?

We guarantee your monthly return irrespective of if any of our customers fail to repay their loan. However in the unlikely event that all of our customers failed to repay their loans then you could potentially lose your capital. There is an element of risk with all investments, however the likelihood of you ever losing your capital is highly unlikely, due to the anti fraud, identity, credit and other checks that we carry out before we lend money to anyone. Furthermore we have a dedicated team of customer account managers who ensure that we pursue all overdue customer accounts.

Are you regulated by any government bodies?

Yes, we are regulated by the Office Of Fair Trading. We have a full Consumer Credit Licence number 624340

Do you belong to any trade bodies?

Yes, we are members of the Consumer Credit Association and the Consumer Credit Trade Association

If you have any other questions, please click here or call 01825 983033