Different Money is a provider of instalment loans that help consumers with short term money shortages. As a financial services provider, Different Money is devoted to helping clients find the right product for their unique situations. Different Money practices responsible lending by carefully analyzing each client’s conditions to determine what loan amount and instalment option is best. Personalized service and secure business are guaranteed, and Different Money is regulated by the Financial Conduct Authority.
APPLICATION REQUIREMENTS:
To be eligible for a loan through Different Money, applicants need to be at least 18. They also need to have a valid UK bank account. They must be employed and receive a regular pay cheque. In addition, they need to be residents of the UK and have both an email address and a mobile phone.
LOAN AMOUNT AND CHARGES:
Our instalment loans range in amount from £150 to £2,500. There are no administration fees charged onto a borrower’s account for one of our loans. However, borrowers will pay interest at a rate of between 0.8% per day and 0.34% per day. There are no repayment fees added on if the client wishes to pay off the loan early.
PROCESS:
Before applying for a loan, clients should consider how much money they need and calculate the costs that they will have to cover to receive a loan of that amount. Then, applicants need to fill out the online application and submit it for consideration. After reviewing the application, Different Money will decide whether or not the applicant will be approved and send out a loan offer if the applicant is approved. Then, the applicant can decide to agree to the loan terms and submit the loan agreement. At this point, the loan funds will be directly deposited into the client’s account within 24 hours and sometimes within as little as three hours.
PAYMENT:
Instalment loans provided by Different Money can be paid back in any of several different ways. Payments can be made online with the client’s MyAccount area feature. Also, payments can be made through a standing order, by calling in the borrower’s payment information, or by direct bank transfer or a Continuous Payment Authority.
