Savvy
- Borrow £300 to £3,000
- Repay over 8 to 24 months
- Payouts within 1 hour
- All credit ratings
About Savvy
Savvy’s short term to medium term loan offer is broad and flexible. They take their business seriously and have been awarded the industry accolade of “responsible lender of the year”. They are trusted by their customers.
Loan Summary:
Savvy’s loans cover a useful range of values and repayment periods. The monthly interest falls as the loan value and loan term increase. Rates are fixed for the duration of the loan. Once your application is accepted Savvy aim to credit your bank account within 1 hour (not Sundays or bank holidays).
| Loans Amount (£) | Loan Term (months) | Representative APR |
|---|---|---|
| 300 – 500 | 8 | 764.0% |
| 501 – 1,200 | 12 | 341.7% |
| 1,201 – 2,000 | 15 | 225.3% |
| 2,001 – 3,000 | 24 | 123.0% |
Lender Ratings:
Savvy scores 4.5 out of 5 based on 400 reviews on Trustpilot. This score puts Savvy midway up the rating spectrum for short term loan lenders. More recent ratings on Feefo give Savvy a score of 4.9 out of 5 based on 50 reviews.
Compare Savvy to Others
For clarity here are the key differences of Savvy to the “typical” or “average” short term loan lender:
Advantages
- Good range of loan values and loan periods
- Rates are fixed for the length of the loan
- Winner of “responsible lender” award
- Soft search will be done meaning you can apply without the risk of damaging your credit rating
Disadvantges
- Shortest loan term of 8 months may not be short enough for some borrowers
How to Apply for a Savvy.co.uk Loan
The good news is that you can apply without affecting your credit rating. Savvy do an initial soft search which allows them to judge your credit rating without leaving a footprint on your credit file. If they can’t lend to you they’ll tell you then. They will also need to conduct an affordability assessment. This too is done online. And before you apply you need to know that your net monthly income must be at least £1,000 and you must have a UK bank account with a debit card.
Sometimes Savvy may accept your credit rating but be unable to offer you the full amount you requested because of affordability. In this case, they will make you an offer of a lower value loan. You then decide whether this is sufficient to proceed or not.
Savvy’s Representative Example
Borrow £1,000 for 12 months. Representative 341.7% APR fixed. Monthly payment £166.66. Interest payable £999.92. Total repayable £1999.92.
We’ll Find Your Loan
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- We’re free to use and there’s no obligation!
- We have the widest choice of UK short term lenders
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- Instantly complete your chosen loan(s)
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How to find Savvy
Registered Address:
First Floor, Highbank House, Exchange Street, Stockport, SK3 0ET
Office Hours:
Mon & Thur: 08.00 – 20.00
Tue & Wed: 08.00 – 19.00
Fri: 08.00 – 18.00
Sat: 09.00 – 13.00
Important Links:
Company Information
Company Registration
Savvy.co.uk is a trading name of Valour Finance Limited. Registered Office: First Floor, Highbank House, Exchange Street, Stockport, SK3 0ET. Company registration number 6034431.
FCA Registration
Valour Finance Ltd is authorised and regulated by the Financial Conduct Authority with firm reference number 718303.
ICO Data Protection Registration
Valour Finance Ltd is registered with Information Commissioner, registration number Z1012907.
Instalment Loans Guide
If you’re uncertain which type of credit might suit you or you have a money problem then one of guides may help you. We summarise each type of loan and their pros and cons, and address issues regarding debt and credit ratings.
Got a Question about Savvy.co.uk?
Answer to Common Questions
These are the basic criteria to be satisfied and the information to be provided:
- You must be a UK resident aged 18+ with a bank account/debit card.
- Your net income must be at least £1,000 per month
- You must provide:
- employer information
- three years of address history
- income and expenditure information for the affordability assessment
Once your loan application has been approved Savvy aim to send the funds yo your UK bank account within one hour. Loans are not paid out on Sundays or bank holidays.
If you have an existing loan and have been paying this off on time Savvy may be prepared to offer you a larger loan (subject to affordability) that would also settle your existing one.
Your first payment may be taken by using your debit card under a Continuous Payment Authority (CPA), but further repayments will be done by direct debit. However, you can also make payments in the following ways:
- log into your account management portal and make a debit card payment
- make a bank transfer
- set up a standing order from your bank account
- set up a direct debit
When your application is accepted and your loan is paid out to you Savvy create an online account for you. You can use this to control your loan, make payments, chat with Savvy, request early redemption, etc.
Yes, of course. You need to contact Savvy’s customer service team or log into your account online and request a settlement figure. Paying your loan off early will save a lot of interest.
OUR REPUTATION
Our reputation is great. In fact we have scored 4.6 out of 5 based on 308 ratings & 53 user reviews for our short term loans service.
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