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

Conduit 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

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Representative 305.9% APR.
Representative example: £400 borrowed for 90 days. Total amount repayable is £561.92 in 3 monthly instalments of £187.31. Interest charged is £161.92, interest rate 161.9% pa (variable). Loanski.co.uk does not provide any loan or consumer Credit products directly.

Choose Loan Amount

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Representative 305.9% APR.
Representative example: £400 borrowed for 90 days. Total amount repayable is £561.92 in 3 monthly instalments of £187.31. Interest charged is £161.92, interest rate 161.9% pa (variable). Loanski.co.uk does not provide any loan or consumer Credit products directly.

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 305% 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:  08029251

Company Name:

Conduit is the brand name of Five Lamps Trading Limited

Date firm started up business:

13 April 2012

Type of Business: 
Consumer Credit

Related brands:

Conduit Scotland

 

Loan value range:

100 pounds to 1500 pounds

 Loan term length:

4 weeks to 52 weeks

Head Office Address: Five Lamps Centre Eldon Street, Thornaby, Stockton-on-Tees, Durham, TS17 7DJ, UNITED KINGDOM

FCA Status: Authorised

Conduit Loans Review

Conduit is a different loan company compared to your average lender.  They offer more fair and affordable loans offering more affordable solutions to high-cost credit.

The company is a subsidiary of Five Lamps who offer different services that help communities to transform lives, they are also a registered charity (702314).

Some of the work they do is amazing and this year alone some of their work and transformations have been phenomenal. 

Throughout 2019 so far Five Lamps have helped over 25,000 socially and financially excluded individuals throughout the Northeast and Yorkshire.

Here are just a few examples of the kind of work they do:

 

  • Supporting long-term unemployed people back into work
  • Providing training, employment and qualifications to NEET young people
  • Supporting customers on their enterprise journey from enterprise coaching, mentoring, business planning and accessing finance for start-ups
  • Providing evening and weekend youth club activities
  • Refurbishing and letting previously long term empty properties
  • Systematically stripping away the barriers that face troubled families
  • Providing affordable personal loans to individuals and homeowners who are unable to access mainstream support
  • Providing a domiciliary service to people aged 65 and over within Stockton-On-Tees

Taking a loan out with Conduit means that you are also contributing to one of these great causes also helping to transform someone’s life.

How the company works:

 

You can apply for a loan with Conduit either by telephone or online.

If you complete by telephone then your application may take a little longer because one of the team will fill out the application for you.

This will then be posted out for you to sign and return back to the Conduit.

Once they have received all of your paperwork then your loan will be in your account within 3-5 working days if you are approved.

This can be faster if you pay an extra £7 for a fast application.

 

Repayment method:

Once your application form has been received and your loan been approved then you will be provided with a repayment schedule.

This is normally done by CPA (Continuous Payment Authority) where the money is taken directly from the bak card details you provided during your application.

You are also able to make repayments online using a credit or debit card.  These must be either visa debit or Mastercard debit. No other type of card will be accepted.

 

Do I need a bank account?

You will need to provide details of your bank account and a bank card which is linked to that account to be able to apply for a Conduit loan.

These detail will be used to carry out your credit check and also to make your repayments.

 

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

 

Age

The minimum age to be able to apply for a loan with Conduit is 18 years old.

 

Address information

During your application process, you will be asked information about your previous addresses.

These will need to be the past 3 years worth including postcodes so it is handy to have this information ready before you start.

 

ID and Income

You will need to provide proof of ID along with information about your current employment and financial status.

Questions in regards to your monthly outgoings may also be asked to ensure that you are able to afford the loan and won’t be getting yourself into any difficulty.

You may possibly be required to send in proof of this information.

Requirements for the loan:

Age restriction: To be eligible for a Satsuma loan you must be aged between 18 and 74 years of age.

 Address information:

When applying for a Satsuma loan you will be required to provide you address information over the last 3 years. 

Proof of income

During your application you will need to provide details of your income. On some occasions Satsuma will request proof of your income.  If this is needed then you are able to submit pay slips via email and will receive your decision within 24 hours.

 

Identifiction

During your application process you will also be required to send in some forms of identification. Satsuma will accept all of the following forms of ID as long as they’re in date and the information is clearly readable (Please note the following informantion was taken from the Satsuma website and is up to date and correct as far as we are aware):

  • Full UK or foreign passport
  • Photo card driving licence
  • EU member state identity card
  • Shotgun licence or firearms certificate
  • Northern Ireland electoral ID / voters card
  • Biometric ID card for foreign nationals (Home Office issued)

 

The following documents will be accepted as long as they’re dated within the last 12 months:

  • Council Tax letter / statement from Council
  • DWP letter / benefits acceptance letter
  • Council / housing association rent statement / book / card
  • HMRC letters
  • Bank issued letter containing sort code and account number (not a statement)
  • Post Office account statement

 

The following forms of identification can also be accepted as long as they’re in date and still valid:

  • Taxi driver badge (Council issued)
  • Blue disabled drivers pass / badge (Council issued)
  • Scottish national entitlement card
  • Old style UK paper driving licence
  • HM Forces / Police warrant card
  • Residency permit (Home Office issued)

Penalties

Conduit are a responsible lender and always try to ensure that all of their customers can afford their repayments.

Sometimes situations arise and this isn’t always possible if this happens to you and you aren’t able to make a payment contact Conduit as early as possible to discuss your options.

Late payments can incur fees and cause a worse situation. It is always advised to keep them as informed as possible.

If you need any extra advice or help you can always visit moneyadviceservice.org.uk where you will find a whole load of information on debt advice and steps you will need to take.

 

Reviews

Unfortunately, Loanski couldn’t find any trace of Conduit on the Trust Pilot website but there are however over 161 reviews on the Smart Money People website.

Conduits rating on Smart Money People is 4.95 out of 5 which is pretty good going!

A massive 125 of the reviews were rated as 5 stars so customers seemed to be rather pleased with the services Conduit are offering.

Most of the customers said that the customer service level from Conduit was amazingly high and they were very helpful when they contacted them.

Of the few bad reviews, most of them were complaining about the slow payout time.

Yes, they are a lot slower than most other loan companies who guarantee the money to be in your bank the same day, however, the funding that this company puts into the community to help others is worth the extra wait to also help support the work they do.

Repayment method:

In the Press

 

Conduit recently won he Consumer Credit Awards 2019 for the Best Newcomer.

This was a fantastic achievement for the company who attended the award ceremony to receive the award in person.

 

 

 Fast Decision Online Loans

^Subject to lenders requirements and approval, also the time that it takes for the cash to be received in your account will depend on your bank’s policies and procedures.

As a credit broker, we will receive a fee or commission when a loan application is accepted.

Loanski.co.uk is a trading style of ZR FINANCE LTD and is a free to use credit broking website. ZR FINANCE LTD is authorised and regulated by the Financial Conduct Authority as a credit broker not a lender, firm reference number 834092 and is registered with the Information Commissioner’s Office number ZA319345. ZR FINANCE LTD is registered at 15 Conway Crescent, Macclesfield, SK10 2RU. Company Number 11213186.