Progressive Money: Personal Loan (Light Adverse)

Progressive Money
Account:Personal Loan (Light Adverse)
Representative example:The representative APR is 21.80% so if you borrow £10,000 over 60 months at a rate of 21.80% p.a. (variable) you will repay £275 per month and £16,503 in total.
Loan details
Rate tiers

£2,000 - £15,000 - 21.8%

Risk based pricing
Minimum / Maximum term 36 months to 180 months
Minimum / Maximum advance £2,000 to £15,000
Applicant information
Minimum age 21 years
Minimum income £9,600
Existing customers only no
Geographical restrictions no
Applying for the loan
Arrangement fee charged yes
Arrangement fee 10%
Application options Internet Loan
Online decision
Postal Loan
Branch Loan
Telephone Loan
Application features Joint application allowed
Debt consolidation allowed
Managing the loan
Early redemption charge 0 months
Deferred start no
Flexible rescheduling no