Magic Loans Secured Loan Reviews

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Magic Loans Secured Loan
4.5 stars
Average rating for this product is: 4.5 out of 5

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NameCredit RatingAPRTypical APRMin Loan AmountMax Loan AmountHome Owner  
Alliance & LeicesterGood8.00%8.00%£7,500.00£14,950.00No
Sainsbury's LoansGood8.00%8.00%£7,500.00£15,000.00No
Nationwide LoansBad7.90%7.90%£7,500.00£14,999.00No
Halifax Personal LoanGood8.10%8.10%£7,000.00£13,000.00No
Zopa -10.02%Good10.02%10.02%£7,500.00£15,000.00No
Barclayloan PlusGood10.90%10.90%£5,000.00£25,000.00No

Average Ratings for Magic Loans Secured Loan

  • Overall rating4.5 stars

 

1 Review For Magic Loans Secured Loan

  • Phantom132 Rank: Major 23rd Oct 2007

    Reviewer rating: 4.5 stars


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    Good Points: Offered more options than others I went to.
    Didn't force insurance on me, just offered it and let me make my own mind up.
    The 2 girls who looked after me were excellent, always on the end of the phone to help.


    Bad Points: Absolutely none!


    General comments: I needed to raise some extra cash to pay off some cards I'd gone a bit wild on, the bank wouldn't help although I couldn't get a straight answer as to why. I applied to a few loan companies on the web {including one I used last year, but they couldn't help} most wanted to send me either into debt management or something called IVA which I don't fully understand!, I didn't fancy these options as it looks like you just let someone else pay your debts and you pay them! I wanted to stay in control {or feel like I was} so I really just wanted a loan, Magic Loans were the only ones to offer me a loan. I thought as they were the only ones to help I would have to put up with whatever service was on offer. I was so happy when I found that although they were my only option, I could not have wished for better service. The staff were both genuinely interested in getting the loan completed for me {they probably get a good bonus, but they deserve it!} I would definately recommend Magic Loans to anyone looking for a loan, I just wish I had found them sooner, would have saved a lot of empty promises from other companies.

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