We are a lender not a broker

FAQ

What happens after I have made my application?

Once you have completed and submitted your online application form – you will receive an in-principle decision within minutes via e-mail.
If you have been approved – you will be sent a credit agreement by e-mail together with a request for photocopied Ids.
In all circumstances a Guarantor will be required. You will be asked to complete a short questionnaire. The Guarantor will then be sent a letter to sign by either post or by email.

How quickly can I receive the money?

Funds are transferred once we have received all requested documentation and our underwriters have successfully reviewed your financial situation.The time period may vary but in general you should expect to wait no more than 7 working days. Money is sent to you by BACS transfer directly into your nominated bank account.

How do I repay the loan?

Repayment is by direct debit from your nominated bank account. You must choose either the 15 th of the month or the last working day for the debit to leave your account.

What happens if I want to repay the loan back early?

You can pay the money back early at any time or make additional part payments. You will not be charged any redemption payments. The quicker you pay the money back the less interest you will be charged.

What happens if I wish to take out a second loan?

All loans are assessed on a payment profiling basis- our aim is to filter out the bad payers and reward the good clients who have demonstrated they can make payments on time - as such- if you have made between 6 to 18 months of good payments on your first loan facility – you can expect a better deal next time!!!

Will taking a loan through Blackheath help me with my credit profile?

All loans are reported directly to a credit reference agency. Other lenders will see your repayments.

Is there any Insurance that can be taken out on the loans quoted?

At the present time there is no insurance available on any loan products we offer.

How can I ensure that there are no delays?

Loans are often delayed because the ID sent in is unclear. To speed things up please ensure that all ID's clearly show your name and address and that all addresses match.

Does Blackheath Loans charge any upfront fees for provinding the loan?

No there are no upfront fees charged.

Blackheath Loans Ltd , 843 Finchley Road , London, NW11 8NA. Company Credit Licence Number 552646, Company Registration Number 5043197. Telephone Number 0871 666 1148. Fax Number 0871 666 0014.

Terms and Conditions apply
Representative 143.74 % APR (Annual Percentage Rate of charge).
Representative Example: Amount of credit £1000 over 12 months. Total Amount Payable 851.16. Interest 120% Per Annum. Interest 761.16. Admin / transfer fee £90. The total charge for credit is £851.16 payable over 12 months. Interest 120% Per annum, Representative 143.74% APR - The APR includes important factors such as the interest rate you must pay; how you repay the loan; the length of the loan agreement (or term); frequency and timing of installment payments; and amount of each payment.

* Loan amounts are based on consumer's credit history and guarantors credit history and ability to repay loan. Not everyone may qualify for £3000. @ Blackheath loans in certain circumstances performs traditional credit checks on applicants and guarantors, while still accepting those with less-than-perfect credit and in most cases not doing credit checks at all. Blackheath loans verifies applicant information via various national databases and other methods. Due to these factors initial interest rate offered might vary to final interest rate offered. In most cases Funds will be deposited within 48 to 72hrs from application. This advance should be used for short-term financial needs only, not as a long-term financial solution. Customers with credit difficulties should seek credit counselling.

Blackheath loans is a trading name of Blackheath Loans company registration number 5043197 consumer Credit Licence 552646 tel 0871 666 1148