Alliance and Leicester Loan (Semi-Exclusive)
Full product details for the Alliance and Leicester Loan (Semi-Exclusive), including loan details, application criteria, rates, suitability, fee & charges, example costs, facilities, restrictions and incentives.
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Alliance and Leicester Loan (Semi-Exclusive) Features & Benefits
| Loan Type | Unsecured | |
| Minimum Loan | £1,000 | The minimum advance is £1000. |
| Maximum Loan | £20,000 | The maximum advance is £20000. |
| Minimum Loan Term | 1 year | The minimum loan term is 12 months. |
| Maximum Loan Term | 5 years | The maximum loan term is 60months. |
| Headline Representative APR | 6.3% | 6.3 |
| Headline Representative Loan Amount | £7,500 to £14,950 | |
| Early Repayment Charge | 1 month | The early redemption charge is equivalent of 1 month interest. |
| Deferred Start | 1 month | 1 months |
| Debt Consolidation | yes | Debt consolidation allowed. |
| Express Delivery | yes | Express delivery/transfer available. Same Day Money Transfer by CHAPS available (£30 charge for this option). Same day money transfer is payable by credit/debit card. This fee is not added to the balance of the loan. If successful (online decision within minutes available), A&L sends the loan documents by first class. The customer then signs the documents and send them back. Once A&L receive this signed document, the money will be available on the same day via CHAPS. Alternatively, the transfer can be made by BACS (can take up to 4 days) for free. |
| Credit Rating | good | Most suited to individuals who have an average income and a recent credit history free from credit defaults, arrears, CCJs or missed payments. The majority of applicants can be described as having a good credit rating. |
| Permanent UK Resident | yes | This product is only available to individuals who are permanent UK residents. |
| Existing Customers Only | no | Loan available to all. |
| Minimum Age | 21 years | The minimum age is 21 years. |
| Minimum Income | £0 | Minimum income of £0 pa required. |
| Geographical Restrictions | no | There are no geographical restrictions. |
| Guarantor Required | no | |
| Credit Rating | good | Most suited to individuals who have an average income and a recent credit history free from credit defaults, arrears, CCJs or missed payments. The majority of applicants can be described as having a good credit rating. |
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