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

    My Finance Club 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*

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    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: 

    07301026

    Company Name:

    MyFinanceClub.com is a trading name of My Finance Club Limited

    Date firm started up business:

    1 July 2010

    Type of Business: 

    66190 – Activities auxiliary to financial intermediation not elsewhere classified

    My Finance Club offers the following:

    £100 to £400

     

     

    Loan term length:

    7 days to 38 days

    Related brands:

    Personalcreditloan.com

    SlaterBrooks.co.uk

    Previous Business Names:

    MONKEY DOSH LTD  – 01 Jul 2010 – 06 Apr 2017

    Head Office Address:Electric Works, Office 3-067, 3 Concourse Way, Sheffield Digital Campus, Sheffield United Kingdom S1 2BJ

    FCA Status: Authorised

    MyFinanceClub.com is regulated and authorised by the FCA (Financial Conduct Authority).

     

    Payout Time:

    If you are approved then you will receive the money into your bank within 15 minutes. Applications which require additional information may take a little longer.

    My Finance Club Review

    My Finance Club has been lending money to customers since 2010 when they first established themselves. They started out under the name of ‘Monkey Dosh’ but changed to My Finance Club in April 2017.

    They are a payday loan company only offering loans from between £100 to £400 over a period of 7 to 38 days. No guarantor is needed and they do not charge any arrangement fees or use a lengthy process like faxing over documents.

    The service with My Finance Club is solely online and their payments are fast and free and suitable for most UK banks. Their customer service team work closely with all customers to find a loan which is suited and tailored to their financial needs.

    One of the great things about My Finance Club is their reward system for returning loyal customers.  Returning customers benefit from lower interest rates, priority SMS services and faster applications saving you time when reapplying

    How the company works:

    Whether you are a first time customer or a returning customer applying for a payday loan with My Finance Club is fast and easy.

    Their website can be accessed from a computer, smartphones and also tablet devices so you can apply conveniently from anywhere.

    The application process shouldn’t take any more than 10 minutes. Having all of your information to hand will speed up the process and make it smoother. During the application, My Finance Club will require information on your personal details and your financial information.

    Once you have completed all of the questions and submitted your application form then My Finance Club will review your application and run the necessary credit checks. Once they have done this then you will receive a text message stating whether you have been accepted or not for your loan.

    If you have been accepted then you can expect to receive the money directly into your account within 15 minutes.

    My Finance Club transfer money regardless of what time and day you apply, their automated system means that they can transfer 24/7 using Faster Payments.

    The only time that there may be a delay in receiving your money is if you need to submit any additional paperwork such as wage slips, bank statements or proof of identity. However, this rarely happens because using My Finance Club’s innovative online system because normally everything can be confirmed and checked without the need for any additional paperwork.

     

    Repayment method:

    My Finance Club collect your repayment via a method called Continuous Payment Authority (CPA). This is where the money will be automatically deducted from the bank card details you entered during your application form. It is a great way to pay because you don’t need to remember to make your repayments.  If you prefer, this can be cancelled and you can make an online payment but must you must remember to make your payment on time because online payment isn’t automatic.

    Do I need a bank account?

    All applicants must have a bank account which is solely in their name along with a debit card that is attached to the same account.

     

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

     

    Age

    The minimum age to apply for a loan with My Finance Club is 18 years of age.

     

    Address information

    During the application process with My Finance Club, you will be required to provide information on your current address and also your addresess over the last 4 years. All addresses will need to be within the United Kingdom and applicants must also be resident in the UK.

    This information is required so that your identity can be confirmed and also so the relevant credit checks can be performed.

    ID and Income

    You will not normally need to submit any identity as all of your details and identity can be confirmed online if you provide them with enough information.

    Completion of an expenditure form is required and you will need to provide information on your monthly income and also your monthly outgoings. You can include information on any monthly bills you have such as credit cards, utility bills, grocery bills, car payments, Mortage/Rent payments, child care fees or anything else you need to pay monthly.

    This gives My finance Club all of the information they need to assess your financial situation and to check whether you are able to afford the loan repayments.

    Penalties

    If you think that you may not be able to make your repayments on time then it is best to speak to My Finance Club as soon as possible. This way you will be able to explain your situation and come to a mutual agreement about repaying your loan and to arrange an alternative payment plan.

    My Finance Club doesn’t state on their website any information about penalties for missing payments but there will normally be consequences especially if you continue to miss your repayments.

    Eventually if repayments are continually missed, your account will go into default and will be referred onto a debt collection agency who will attempt to recover the money you owe in other ways. This will also result in your credit file been marked and may prevent you from applying for any more credit in the future.

     

    Reviews

    Loanski was unable to find any reviews online about My Finance Club.