MoneyWay

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Company Information

Moneyway is a trading name of Secure Trust Bank, a UK-based retail bank. Moneyway is a financial provider for a range of purposes, from personal loans to motor, cycle and retail finance.

Moneyway’s unsecured personal loans can be used for whatever the borrower sees fit, from buying a car to making improvements on your home. The loan can also be used to effectively manage debt. For people that are struggling to keep up with repayments on high interest debts, consolidating the debt into one loan can be a useful way of minimising the repayment costs and making debt management simpler and easier. Borrowers can take out a personal loan from Moneyway to pay off their outstanding debts, leaving them with one monthly repayment to Moneyway that could have a lower interest rate than their previous debts.

Customers can access debt consolidation loans from £3,000 to £15,000 from Moneyway, in £50 multiples. This allows the flexibility to choose a loan amount that fits your needs, so you won’t have to take out more than the cost of your debt repayments, leading to further unnecessary debt. The loan can be repaid over a period of one to five years, through monthly direct debit orders. The interest on the loan varies from 7.5% Representative APR on loans between £7,001 and £15,000, up to 14.9% Representative APR on smaller loans. The interest rate will be personalised to each borrower to fit their financial circumstances and the amount being borrowed.

To qualify for a debt consolidation loan from Moneyway, applicants must be at least 25 years old and a UK resident. They also need to have an annual income of £15,000 or more. Customers can apply online to get a decision within minutes, and, if successful, should receive the funds in their bank account after 3-5 working days.

51 Reviews of MoneyWay have been submitted - read the latest 3 below

This is only a relatively small loan from Moneyway but it is going to help me do a big thing which is to clear some debts and free up a bit more of my salary every month. I should have done it ages ago but I finally got around to it and this Moneyway debt consolidation loan is the one that suited me best of all the loans I looked at on the loan comparison website. I am not planning on needing another debt consolidation loan but I will certainly be recommending Moneyway to my family and friends just in case they are looking to do the same as me.

Review posted by Robert Craven, Finsbury Park

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I have just got a marvellous debt consolidation loan from a company called Moneyway and I just wanted to say how grateful I am to them for sorting out such an affordable loan for me which is going to make life so much easier for me. I won't have to stretch my monthly budget to breaking point anymore and I'll even be able to spend some of my money on the occasional treat which is something I haven't been able to do for a long time. I really wish I had found Moneyway and taken this loan out sooner but it's better late than never I think.

Review posted by Dorothy Clarke, Hounslow

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I had never heard of Moneyway before I started my search online for a suitable debt consolidation loan and when I mentioned them to friends they were as much in the dark about Moneyway as I had been. But now that I know all about Moneyway and the great affordable loans they offer people like me who are trying to sort out their debts I will be singing their praises. I really can't thank them enough for approving this loan for me as I had begun to think it just wasn't going to happen for me. But it has and I am about to start clearing those worrying debts and it's all thanks to Moneyway.

Review posted by Lewis Scanlon, Forest Hill

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