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

    Response Funding 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: 

    06752234

    Company Name:

    Response Funding is a trading name of Total Home Loans Direct Limited.

    Date firm started up business:

    18 November 2008

    Type of Business: 
    66190 – Activities auxiliary to financial intermediation not elsewhere classified

    Response Funding offers the following:

    £50 to £1000

     

    Loan term length:

    Loan term length will vary depending on the lender you decide to take your loan with.

    Head Office Address:55 Cobham Road, Ferndown Industrial Estate, Wimborne, England, BH21 7RB

    FCA Status: Authorised

    Payout Time:

    lenders will endeavour to pay you’re your money the very same day some within an hour of your application being accepted. Again this can vary depending on the lender and depending on whether your bank has access to faster payments or not. Nearly all lenders will ensure you have your money within 24 hours.

    Response Funding Review

     

    Response Funding is a trading name of Total Home Loans Direct Limited. They are a loan broker, not a direct lender and help customers to find the best loan deals possible with their advanced innovative search engine.

    Their website has a fantastic layout and is very clear and easy to use. Their service is completely free to use and will give you a good selection of lenders to choose from based on the information you enter in the application form.

    Applying for a loan and being refused too many times will cause a bad mark on your credit file and may prevent you from being accepted by other companies. Using this kind of loan matching service means that you are more likely to be accepted because they will only match you with lenders who are likely to accept your application.

    How the company works:

    To use the loan matching service from Response Funding all you need to do is fill out their online application form answering the basic questions about your personal circumstances.

    This shouldn’t take any more than 10 to 15 minutes to complete. Once you have completed this you will be directed to a panel of lenders. Here you can compare each lender and their interest rates.

    Once you have found the perfect lender, you can select them and will be directed to their website to complete your application form. Most of the information you entered with Response Funding will be carried over so you will not need to re-enter it all again.

    Some lenders may have some additional questions you will need to answer. Once you have submitted this then you will receive a decision instantly about your loan. If you are excepted then you can expect to receive the money directly into your bank account within a few hours sometimes sooner.

    Repayment method:

    Each lender offers different methods of repayment, most lenders will tend to use CPA and direct debit.  Both of these methods are very similar and automatically taken from your bank account.

    CPA (Continous Payment Authority) is taken directly from your bank account, very similar to a card transaction.

    Direct debit is taken from your bank account using your account number and sort code.

    If neither of these payment methods are suitable for yourself then you have a right to cancel them and offer your lender an alternative form of payment method.

    These forms of payments are not normally automated so you will need to remember to make the monthly repayments yourself and on time.

     

    Do I need a bank account?

    The service that Response Funding offers is totally online so it is essential that all applicants must have a bank account along with an active debit card to be able to apply

    Some lenders will also require you to have online banking so they can view this in a read-only form. This gives them the opportunity to check that you can afford the repayments for the loan.

     

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

    Age

    Applicants will need to be a minimum of 18 years old to be eligible to apply for a loan.

     

    Address information

    On the application form, it is not unusual for applicants to be asked to provide 3 years worth of address history. This is so that the lender can run the necessary credit checks and confirm your identity.

    Normally they will require all of the addresses to be within the United Kingdom however there are a few lenders who will allow applications from people who have newly located to the UK as long as they are UK citizens.

     

    ID and Income

    Your identification can normally be confirmed from the previous address information you provide on your application and also the bank details you enter. If you do need to provide any extra identification then your lender will inform you of this and it can be sent over securely.

    Each lender has different requirements on whether applicants need to be employed full-time, part-time or can also be on benefits.

    Most lenders will require an expenditure form to be completed which will detail all of your monthly income and monthly outgoings. This is to assess and ensure that you will be able to afford the loan repayments and that you won’t be putting yourself into any financial difficulty by borrowing money.

     

    Penalties

    There are penalties if you do not make your loan repayments on time but these will vary from lender to lender. Some will charge a missed payment fee and daily additional interest and some lenders won’t charge anything but will default your account and add a mark on your credit file if you miss payments.

    This may prevent you from applying for any more credit in the future.

    If you feel that you will not be able to ake you repayments then contact your lender as soon as possible. They may be able to help and offer you a solution until you get your finances back on track.

     

    Reviews

    Unfortunately, there is no review for Response Funding on Trustpilot. Choose Wisely has one review which is a little negative however the customer reviewing applied once and was accepted then on the second loan they were refused. If a person’s financial circumstances change then they are not always guaranteed to be accepted for a loan even if they were previously accepted.