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

    Thinkmoney 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: 

    05530040

    Company Name:

    Think Money Limited

    Date firm started up business:

    8 August 2005

    Type of Business: 
    64999 – Financial intermediation not elsewhere classified.

    Thinkmoney offers the following:

    £100 to any amount

    Previous Business Names:

    THINK BANKING LIMITED – 08 Aug 2005 – 16 Aug 2012

     

     

    Loan term length:

    The loan term length will vary depending on the lender you decide to use for your loan.

    Head Office Address:Think Park Mosley Road Trafford Park Manchester M17 1FQ

    FCA Status: Authorised

    Think Money Limited is authorised and regulated by the Financial Conduct Authority (FCA)

    Payout Time:

    The payout time varies depending on the amount you wish to borrow and also on your lender. Larger amounts of money can sometimes take a little longer to transfer compared to smaller amounts.

    Think Money Review

     

    Think Money is an online bank with a difference. Their purpose is to make banking services accessible to everyone through online accounts without the need to stand in a bank waiting in queues.

    They don’t charge any fees for bounced direct debits and they can also separate your monthly bills from your normal account so you know exactly what you have going in and out each month.

    As well as current account services they also offer credit cards, home insurance and personal loan services.

    Their services are totally online so you don’t need to worry about accessing the bank if you aren’t able to. This is especially great if you travel a lot, you have access to all of your banking needs 24/7 without needing to enter the branch. You only need to be a UK resident for 6 months of the year to be able to apply.

    Even if you have been refused a bank account because of bad credit you may still be able to get one with Thinkmoney.

    The use of their bank costs just £10 a month but comes with fantastic features.

    All of their bank customers can gain access to their loan market place which is only available for Thinkmoney customers.

    How the company works:

    Thinkmoney’s services are available online only. If you wish to gain access to their loan market place with some fantastic loan deals then you will need to be a Thinkmoney current account holder.

    Once you are a current account holder you can use their app which is available for both Android and IOS to access their loan market place and find loan deals to suit your needs.

    Everything is done on the app and linked through your current account which will already hold all of your personal details. All you will need to do is select the lender you wish to take your loan with.

    Some lenders may require additional information for your application. Once you have applied and been accepted then you should expect to receive the money into your account within 24 hours if not the very same day.

     

    Repayment method:

    There are various ways in which you can repay your account. Most lenders use either direct debit or CPA (Continous Payment Authority). Both are very similar and are taken automatically from your account each month.

    Direct Debit is taken directly from your bank and CPA is deducted directly from your bank card similar to a card transaction.

    Some lenders may offer alternative methods of payment if direct debit or CPA is not suitable for yourself. These may include online payment, phone payment or card payment.

    Do I need a bank account?

    You will need an online bank account with Thinkmoney themselves to be able to access their loan marketplace and to be able to apply.

     

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

     

    Address information

    All applicants must be resident within the United Kingdom for at least 6 months to be able to apply for a current account with Thinkmoney. Most loan lenders will also require address history over the previous 3 years to be eligible for a loan.

     

    ID and Income

    Your identity will be able to be confirmed through your Thinkmoney current account. If extra identity is required for your lender then this can be submitted securely online.

    Most lenders will require you to fill out an expenditure form to detail both your monthly income and your monthly outgoings.

    The monthly outgoings will require information on what bills you pay each month. Remember to include things such as any credit cards or loans you may already have, child care payments, utility bills, grocery bills, car payments and any other monthly payments.

    This gives your lender an idea of how much money you will be left with each month and whether or not you will be able to afford to pay back a loan.

    As responsible lenders, it is their duty to ensure that they will not be putting you into any financial difficulty by giving you a loan.

    Penalties

    Each lender will have their own policy for penalties if you miss your repayments. It is important that you read and check these before you sign your agreement so you can fully understand what till happen if you will be unable to make your loan repayments.

    Most lenders will charge a late payment fee of approximately £15 plus additional daily interest. Some lenders don’t charge fees but have different policies.

    If you do think that your financial circumstances are going to change when you already have your loan agreement then it is best to speak directly to your loan advisor as soon as possible.

    They may be able to offer you a solution and prevent you from getting into more financial difficulty.

     

    Reviews

    Thinkmoney has fantastic reviews on Trustpilot for their current account service. Their overall star rating is 4.5/5 with 71% of their reviews been rated as ‘good’ and ‘excellent’.

    Customers state how fantastic their online service is and how their online banking app has opened them up to so many options that normal online banking apps can not do.