Kabayan Finance Review | www.kabayanfinance.co.uk

Kabayan Finance

Last Update: February 1st, 2017

About…
Address: Suite 1 Murdock House, 30 Murdock Road, Bicester, OX26 4PP.
Branding: Kabayan Finance. AKA: KabayanFinance.
FCA Licence: 674390.
From: Kabayan Finance Ltd.
Launched: 2010.
Memberships: BCCA.
Related: No companies.
Website: www.kabayanfinance.co.uk.

Product Details……
Bad Credit Kabayan Finance Loans Available?: Yes.
Manage: No Kabayan Finance login at www.kabayanfinance.co.uk.
Offers: Payday, instalment and personal loans.
Opening Hours: Monday to Friday (9am/5pm) and Saturday (10am/2pm).
Secure (SSL): Yes.
Sums: £100 to £1000 max (new and returning) (payday).
Sums: £300 to £1000 max (new and returning) (instalment).
Terms: 1, 3, 6 or 12 months.

The Pricing…
£25 /£100 (*above legal cap)
£109.94 /£300 (3) <0.407%>
£154.94 /£300 (6) <0.287%>
£905 /£1000 (12) <0.248%>

Notes: The monthly cost of £25 (£20 interest plus £5 fast funding) is above the FCA limit (£24). The instalment costs are way below capping and so there is no issue on that side. Whilst there is a login facility in place, this facility hasn’t worked since 2015. Applicants must be 21+ and be in full time employment earning £1000+.

Noteworthy…
– Operations: There is some weekend coverage between 10am and 2pm on Saturdays.
– Profile: The Kabayan Finance loans got off to a great start after their launch in 2010. Their service was targeted at the UK’s Filipino community. They have built around 7000 fans on Facebook. Whilst growth was coming along well, search engine data shows that their web popularity has dropped off over the past year. Through their existing user base and notable flexibility and pricing you’d have expected to see much more traction.
– Pricing: The 3 and 6 month loan costs are highly competitive that would be the terms to opt with. They don’t measure up quite as well over a complete year. As was noted above, they don’t currently meet the cap over a single month.
– Terms: Whilst we noted monthly you actually select your next pay date between 20 and 40 days. The option to choose instalment or personal loan contracts is notable. You rarely see services quite as flexible as this.

Updates…
– Monday to Friday hours were 9am/7pm. There has also been an address change.

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