Finance Choices
Intelligent Finance Personal Loan
Thinking of applying for an Intelligent Finance loan? Intelligent Finance is a fairly new company, so you might be wary of borrowing from them. Or you might be unsure about whether the Intelligent Finance loan represents good value. Either way, Finance Choices completely independent advice is here to help you make the right choice.
Intelligent Finance was launched in 2000, and is part of Halifax plc, so if you're worried about borrowing from a brand new company you needn't be. The Halifax is one of the UK's leading established high street banks. It launched the Intelligent Finance loan as a completely online or phone-based venture, so you will need to be happy with managing your account online if you apply for an Intelligent Finance loan.
So, do Intelligent Finance loans represent good value? Well, it depends what kind of loan you are looking for. Intelligent Finance offers two basic types of loan:
- Low interest, but with an early repayment fee if you are able to settle your debt before the loan term expires.
- Higher interest, but without the early repayment fee.
The first Intelligent Finance loan option does give you a good deal on your interest payments. In terms of typical standard APR, this loan is one of the cheapest around, but not quite the cheapest. The APR is fixed, so you will be able to manage your debt easily and won't have to foot the bill when interest rates rise. And you can choose to have your cheque delivered to you the day after you apply. Watch out, though: this service incurs a hefty fee.
Apply for your Intelligent Finance personal loan now
posted by Barbara Gordon at 9:45 AM
Intelligent Finance Personal Loan
2 Comments:
Good all round products from IF Works very well when combined with other products they offer.Tends not to be good with introduction rates but overall cost very good
Launched in September 2000, Intelligent Finance (IF) is a subsidiary of Halifax plc that can accurately be described as progressive. As a phone, and internet-only bank, it promises to pass on its lower overheads to customers. It touts the advantages of ?offsetting?, which involves linking your debts and deposits to achieve more favourable rates of interest.
Features of the Intelligent Finance Personal Loan
The Intelligent Finance Personal Loan is a general-purpose loan that can be used for purchasing a vehicle, making home improvements or consolidating existing debts. Intelligent Finance loans offer:
-Funds up to £25,000
-The option to delay repayments for the first three months
-The ability to spread repayments over a term of up to seven years
-Optional payment protection cover
If your Intelligent Finance loan application is approved, a courier can deliver your money the next day.
Things to consider about the Intelligent Finance Personal Loan
If you do decide to ask for a courier to deliver your money the next day, you will incur a fee for this. Also Intelligent Finance charge an early redemption penalty, should you be in the situation to pay your entire outstanding loan amount early. Intelligent Finance also provides a loan which does not charge this fee, but the bank charges a higher rate of interest on such loans.
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