TFS Loans

TFS: Loan Summary

Representative APR	Loan Term (months)	Loan Amount (£)	Instant decision	E-signature available
69.9%	12 - 36 months	1,000 - 1,500
48.9%	24 - 48 months	2,000 - 2,500
39.9%	24/36 - 60 months	3,000 - 6,000
39.9%	48 - 60 months	6,500 - 10,000
29.9%	48 - 60 months	10,500 - 15,000
Representative Example: Borrow £4000 for 36 months. Repay £178.88 each month. Total interest of £2439.68. Total repayable £6439.68. Interest rate 20.33%. Representative APR 39.9% fixed.

Tenant Guarantor Loans

During June & July 2018 they will be offering guarantor loans where the guarantor can be a tenant / non-homeowner. These are the basic terms:

• Loans are from £1,000 to £5,000
• Borrowing period from 12 to 60 months
• Representative APR 69.9%
• Minimum net income £1250 per month
• You cannot be self employed - and you must have been employed for a minimum of 2 years at your current employer.
• You cannot lived at more than 2 addresses in the last 3 years.

Lender Summary

TFS Loans has been operating in the guarantor loans market since around 2010. They often worked through introducers but having secured extra funding they are now very much in the guarantor loans market on their own terms and with strong ambitions.They are constantly improving their application processes and investing in the technology to ensure that they can deliver a high quality service. TFS Loans are growing rapidly and they have already become one of the major guarantor loan lenders.

In 2013 TFS Loans launched a full online service utilising e-signature technology. This allows applicants (and their guarantors) to submit all the necessary information online and sign the loan documentation. This means a very fast turnaround from initial loan application to loan payout. Their maximum loan value of £15,000 is the largest of all lenders, although they are not able accept non-homeowners as guarantors over £7500.