Interest rates should not be aloud

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Merritthl1959's review of Amigo Loans - www.amigoloans.co.uk

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“Interest rates should not be aloud ”

Written on: 08/02/2018 by Merritthl1959 (1 review written)

The interest rate is diobolical and should not be aloud 49.9 better off going to loan Sharks I did it to help a friend without checking the interest what a mistake. Keep aaay at all costs

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Amigoloans's Comment

Written on: 12/03/2018

Hi, thanks for leaving your review. I'm sorry for the delay in responding to you.

We make our interest rate clear to all of our customers before they apply for a loan. On the face of it it probably looks a little higher than some of the mainstream lenders. However, we know that millions of people are unable to borrow from banks because they use credit scoring and won't accept them and by having a guarantor, we can charge a much lower APR than some other companies.

As interest is calculated daily, our customers are also able to reduce the amount of interest they pay, by making early or extra payments, or by settling early. We're quite unique in that we don't have any charges for doing so.

If you have any further concerns, we’d be happy to look into this for you. Please just email us with your details.

Thanks, the Amigo Loans team

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