TFS Loans

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Company Information

  • Company Name:
    TFS Loans
  • Website Address:
  • Business address:
    Broom House, 39 – 43 London Road, Hadleigh, Essex. SS7 2QL
  • Phone number:
    01268 740 751

Since 2003, TFS Group has been providing UK borrowers with consumer finance products. TFS Group offers guarantor loans and caters to clients who may have recently been turned down by high street banks. By providing unsecured personal loans, TFS comes to the assistance of consumers who may be dealing with unexpected financial hardships for a wide variety of reasons including illness, reduced hours at work, appliance or vehicle malfunction, and more. TFS Group is headquartered in Haleigh, Essex and regulated by the Financial Conduct Authority.

APPLICATION REQUIREMENTS:

To apply for a TFS loan, borrowers need to be employed UK citizens with UK bank accounts. They also need to have a guarantor or individual who is willing to sign for the loan and be responsible for repaying it off if they are unable. Guarantors must be employed UK homeowners between the ages of 18 and 78. Guarantors need to go through an affordability assessment before the loan can be approved.

LOAN AMOUNT AND CHARGES:

Loans amounts given by TFS can be as little as £1,000 and as much as £12,000. The APR on a TFS loan will depend on a variety of factors including how much is borrowed. These guarantor loans have a representative fixed APR of 48.9%. As an example, a loan of £6,500 taken out over a period of 48 months will be paid off in 48 monthly payments of £264.01. Over the life of this loan, the borrower would pay back a total of £12,672.48. This loan would have an APR of 44.9%.

PROCESS:

Borrowers need to fill out an online application to apply for a TFS guarantor loan. They’ll need to provide information regarding their address, employment status, and bank account. They’ll also need to provide information regarding their guarantor, including the guarantor’s address and employment status. After submitting the application, the borrower waits for a response and a loan offer. If he or she decides to accept any loan offer received, loan funds will be deposited into his or her account in as little as 24 hours.

PAYMENT:

Borrowers will pay back the same amount each month over the life of the loan. They don’t need to pay any upfront fees. They can make payments online, and these payments can be automatically charged to their debit accounts. If desired, borrowers can pay off their loans early to reduce their interest charges.

43 Reviews of TFS Loans have been submitted - read the latest 3 below

Having a slightly better than bad credit score was not good enough when I came to getting a personal loan and for that reason I had to start looking at the guarantor loans as an alternative way of borrowing the money I needed to replace my old car. My dad was on hand to act as a guarantor so that bit was sorted but I just wanted to make sure I was getting the right lender and I really think I have got that with TFS Loans. The loan comparison website made is so much easier to check out all the available guarantor loans and once I had chosen TFS Loans I ran it by my dad who agreed they seemed like a good choice. I've just had the loan finalised and am expecting the funds within the next 24 hours and I thought it would be the least I could do to say how pleased I am with this loan in this review.

Review posted by Jake Crowther, Solihull

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TFS guarantor loans have been really very helpful indeed with this loan and apart from some issues trying to get a suitable guarantor I am relieved at how smoothly this loan has gone through. Luckily for me I was able to fall back on my parents when my original guarantor had to back out. However, once TFS had screened my parents to make sure their credentials were acceptable my loan went through without any further hold ups and I have my loan sorted now and the money in my bank account. I would have no problem recommending TFS Loans to anyone looking for a guarantor loan but I would have to advise them to sort out their guarantor first.

Review posted by Peter Sinclair, Lowestoft

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After my divorce I had to move back in with my parents who are both retired and even though they took the divorce quite badly they are pleased to have me living back under their roof even if it is just a temporary solution to my current housing problem. I have some financial problems and was unable to get a regular type of loan so to help me avoid going down the bad credit loan path my parents are acting as guarantors for a loan with TFS. I chose TFS mainly because dad is coming up to 77 and mum is 75. Even though they are homeowners a lot of lenders wouldn't accept them as guarantors. TFS were accepting guarantors up to the age of 78 so we just made the cut off point and as this is only a 1 year loan I don't feel I have burdened them with too much responsibility. TFS are a really nice lender to deal with and have been very co-operative with getting this loan sorted quickly for me so I have nothing but praise for them.

Review posted by Hannah Jackson, Grays, Essex

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