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

    Kabayan Finance Loans Alternative

    Loans from £100 to £10,000

    • 3 months 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*

    Loading

    Rates from 45.3% APR to 1575% APR Minimum Loan Term is 3 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 3 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

    • 3 months 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: 

    06903492

    Company Name:

    Kabayan Finance

    Date firm started up business:

    12 May 2009

    Type of Business: 
    64921 – Credit granting by non-deposit taking finance houses and other specialist consumer credit grantors

    Kabayan Finance offers the following:

    £300 to £1500

     

     

    Loan term length:

    20 days to 1 year

    Head Office Address:Murdock House, 30 Murdock Road, Bicester, Oxfordshire, United Kingdom, OX26 4PP

    FCA Status: Authorised

    KABAYAN FINANCE LIMITED is authorized and regulated by the Financial Conduct Authority  (FCA).

    Payout Time:

    Kabayan Finance has access to Faster Payments which means that you could receive your loan within 2 hours of your application being approved.

    Kabayan Finance Review

    Kabayan Finance was established in 2009 and offers two types of different loans, short term loans and cash advance.

    On their short term loans, customers can borrow between £300 and £1500 and have between 3, 6, 9 or 12 months to repay the money. The choice is yours which loan term length you prefer.

    Their cash advance is slightly different, customers are able to borrow up to £1500 but only have 40 days to pay it back, very similar to your traditional payday loan service.

    How the company works:

    The application process is simple and can all be done online from the comfort of your own home. From the Kabayan Finance website, you can click the ‘apply now’ button to start off your application process.

    This will take you through some basic questions about your personal details and also your financial situation.

    The application shouldn’t take any longer than 10 to 15 minutes to complete.

    Once you have completed the application it will be passed to a member of the finance team to review.

    If you are accepted for a loan with Kabayan Finance then you can expect to receive the money within 2 hours.

    Unfortunately, Kabayan Finance will only accept online applications and you are unable to make applications by post or over the phone.

    If you are struggling using their online application system then you can give them a call and they will be able to talk you through exactly what you need to do.

     

    Repayment method:

    Similar to most loan companies, the method of repayment with Kabayan Finance is done via CPA. CPA ( Continous Payment Authority) is where the monthly repayments will be deducted directly from your bank card and account, similar to an online transaction.

    This is a great way to repay your loan because it means that you will not need to remember to make your loan repayments on time and it will all be taken care of automatically.

    When you sign your loan agreement you automatically give them permission to set this up. If this method of payment isn’t suitable for yourself then you have a right to cancel.

    You can contact them directly and offer them an alternative, method such as online payment or card over the phone.

    It is worth noting however, that these other forms of payment won’t be automatic and will mean that you must remember to make your repayments on time or you may receive a missed payment penalty if repayments are not made on time.

    Do I need a bank account?

    Kabayan Finance is an online loan company so all applicants will need a current bank account along with an active debit card which is attached to the same account.

    The bank account will not only be used to fund your loan and to make your repayments but to also confirm your identity and run credit checks on your credit file.

     

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

    Age

    The minimum age for a loan with Kabayan Limited is 21 years of age.

     

    Address information

    All applicants for a loan with Kabayan Limited must be a resident within the United Kingdom and will need to proved address history for the previous 3 years.

    The address history helps Kabayan Finance to perform the relevant credit checks and to also confirm your identity.

     

    ID and Income

    Kabayan Finance will only accept applicants who are in full-time employment. This will be checked during your application, some applicants may need to send it wage slips to confirm this.

    As Kabayan Finance are responsible lenders and monitored by the FCA it is normal for them to ask their applicants to fill out and expenditure form.

    This is so that they can assess whether or not you are able to afford the loan repayments and so they can ensure that by lending you money they will not be adding any financial stress to your situation.

    On the monthly outgoings, section please remember to include any monthly bills you may have such as utility bills, grocery bills, rent payments, childcare fees, car payments or any other bills you may have including credit cards.

    Penalties

    Missing payments with Kabayan Finance will incur a £10 late payment fee and additional daily interest.

    If you are having difficulty repaying your loan with Kabayan Finance then contact them as soon as possible as they may be able to help you out and offer you an alternative payment solution.

    Ignoring the situation may worsen things as you will incur additional charges onto your account and could end up paying back even more than you agreed to borrow. If you continue to miss your monthly payments then Kabayan Finance could refer your account to a debt collection agency who will attempt to recover the money in other ways.

    If your account defaults or gets referred onto a collection agency then you will receive a bad mark on your credit file which may prevent you from applying for any more credit in the future.

     

    Reviews

    There were no reviews as of yet for Kabayan Finance on the Trustpilot website. In fact, we weren’t able to really find any reviews about the company on any website.