Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk Loanski is an authorised credit broker not a lender

    Citrus Loans Alternative

    Loans from £100 to £10,000

    • 1 month to 5 years
    • 100% online application
    • All credit scores welcome to apply
    • Paid in as fast as 10 minutes^

     

    Secure SSL connection

    Your application is sent over a secure encrypted network

    Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk

    Choose Loan Amount

    Credit score not affected*

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    Rates from 45.3% APR to 1575% APR Minimum Loan Term is 1 months - Maximum Loan Term is 60 months. Representative Example: Borrow £1000 for 24 months. Annual interest rate 70% (fixed). 24 equal instalments of £77.48. Total amount to repay £1,859.52. Representative 97% APR (variable).
    *Subject to application being approved by the lender. Not all lenders are able to provide up to £10,000

    Choose Loan Amount

    Credit score not affected*

    Loading

    Rates from 45.3% APR to 1575% APR Minimum Loan Term is 1 months - Maximum Loan Term is 60 months. Representative Example: Borrow £1000 for 24 months. Annual interest rate 70% (fixed). 24 equal instalments of £77.48. Total amount to repay £1,859.52. Representative 97% APR (variable).
    *Subject to application being approved by the lender. Not all lenders are able to provide up to £10,000

    Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk

    Loans from £100 to £10,000

    • 1 month to 5 years
    • 100% online application
    • All credit scores welcome to apply
    • Paid out in as fast as 10 minutes^

     

    Secure SSL connection

    Your application is sent over a secure encrypted network

    REPRESENTATIVE 97% APR

    Loanski offers competitive interest rates compared to some lenders across the market.

    Installment Options

    Customize your loan term from 1 month to 60 months putting you in control of your payment plan.

    Fast Payouts

    You can expect fast payouts sometimes within 10 minutes^

    Company Number: 

    06457376

    Company Name:

    Citrus Loans is a trading style of Aspire Money Limited

    Date firm started up business:

    19 December 2007

    Type of Business: 

    64929 – Other credit granting not elsewhere classified

    Citrus offers the following:

    £2000 to £25,000 

    Loan term length:

    1 year to 5 years

     

    Previous Business Names:

    WAGES NOW LIMITED  16 Jan 2008 – 11 Nov 2009

    BEALAW (MAN) 50 LIMITED  19 Dec 2007 – 16 Jan 2008

     

    Related brands:

    www.aspiremoney.co.uk

    www.opalloans.co.uk

    Head Office Address: Head Office: Unit 1 Castle Court 2, Castlegate Way, Dudley, West Midlands, DY1 4RH

    FCA Status: Authorised

    Payout Time:

    The payout time will vary from lender to lender, however, most short-term loans aim to be paid on the same day. Larger and long term loans may take a couple of days.

    Citrus Loans Review

    Citrus Loans is a loan broker who can help to match you with the best possible lenders based upon your financial circumstances.

    They aim to take the stress out of having to search for a loan and may be able to show you the best possible loan deals. While you will not directly borrow money from Citrus Loans, their service is a fantastic way of finding loans without having to apply with each lender separately.

    Doing this can be damaging to your credit score especially if you are rejected. It is not recommended to make too many applications for credit in a short space of time.

    If you apply through Citrus Loans they can match you with lenders based upon your credit score and financial situation, meaning that when you select a lender you should have more chance of being accepted.

    They do not charge any fees for their service, it is completely free. They will only earn a commission from the loan company once your loan has been finalised.

    How the company works:

    If you decide that Citrus Loans sounds like the company for you, then you can apply online using their online application form and answering all of the relevant questions.

    Once you have submitted your application, you will be able to view a list of potential lenders and select which one you wish to proceed with. When you select the lender of your choice, all of the information you entered with Citrus Loans will be carried over.

    You may be asked a few additional questions as each lender has their own application process but this shouldn’t be too lengthy.

    Once you have submitted your application you will receive a decision about your loan, in most cases, this should be almost instantly or at least within the hour.

    If you are accepted then you can sign your loan agreement electronically and expect to receive your loan the same day in most cases.

    A larger amount may require additional identification checks and may take a couple of days.

    Most loan providers are solely online but there may be a few who may wish you to visit them at one of their branches to finalise, especially if they are a bank.

     

    Repayment method:

    Repayment will vary with each lender, the standard collection method is either direct debit or CPA (Continous Payment Authority) but some loan providers may offer other methods such as bank transfer, card payment, online payment and even door to door collection.

    Do I need a bank account?

    This will vary depending on your lender, most are online so yes you will need a bank account and also a debit card which is attached to the same account.

    There are a few lenders who do not require a bank account such as Provident Personal Credit and also Morses Club. These lenders offer doorstep loans and send an agent each week to collect your repayments.

     

    To be eligible to apply for a loan you must fit the following criteria:

    Age

    To use Citrus Loans service you will need to be at least 23 years of age.

     

    Address Information

    All applicants will need to be resident within the United Kingdom. Some lenders may require at least 3 years worth of residency before accepting you for a loan.

    They may also require proof of your address for the last 3 years. This is so that the relevant credit checks can be performed and your identity can be confirmed.

     

    ID and Income

    Every lender has different policies for income. Some require either full or part-time employment or a minimum income about and some don’t. Some will also accept applications from people who solely claim benefits.

    Most lender will require you to fill out an expenditure form explaining your monthly income and outgoings.

    As a responsible lender, it is their duty to ensure that they will not be lending money to anyone who can not make their repayments.

    On the expenditure form of monthly outgoings you can include all of your monthly bills such as mortgage or rent payments, grocery bills, credit card bills, childcare fees, car payments and utility bills.

     

    Penalties

    There may be penalties if you miss your repayments, every lender has its own unique individual penalty policy so it is always best to ensure you are fully aware of what terms are in your loan agreement.

    Always contact your lender directly if you suspect that you may not be able to make a repayment. They may have a solution to offer and may be able to help you which will prevent you from falling behind with your repayments.

     

    Reviews

    There were no reviews at all on Trustpilot for Citrus Loans, however, Feefo has a 4.2 / 5-star rating.

    Most of the reviews are rated as 5 stars and compliment Citrus Loans on their fantastic service. Customers were happy with the companies they were matched with and the loans they were able to find.

    There are a few 1 or 2-star reviews. Most of them are talking about the interest rates. Everything will be stated in your loan agreement so before you sign please make sure you are fully aware of your terms.