Masa Loans Review | www.masaloans.com
Address: The Blue Building, Dairy House Farm, Beckington, Frome, BA11 6TE.
Branding: Masa Loans. AKA: MasaLoans.
FCA Licence: 662983.
From: GeorgeBanco.com Ltd.
Related: George Banco.
Available: Monday to Friday (9am/5.30pm), Saturday (10am/4pm).
Bad Credit Considered: Yes.
Manage: No Masa Loans login at www.masaloans.com.
Offers: Guarantor and personal loans.
Sums: £1000 to £7500 (new and returning) | £5000 max (personal).
Terms: 12 to 60 months.
£323 /£1000 (12) (guar and pers)
£529.52 /£1000 (24) (guar and pers)
Notes: Both guarantor and personal loan forms trigger the same rate at 49.7% APR. It takes 48 hours to get hold of the cash. A same day FastTrack system is briefly mentioned, but there is no further details surrounding this. You would assume that this speedy option would incur an extra charge. Guarantors don’t have to own their home, but they do need to be at least 25 years old, have a good score and be earning £1000 per month after tax. If the application is being made for a student then the parent or guardian must step in. There is no login or SSL attached to the site.
– Amounts: You can access as much as £7500 here. Your average sector lender stops at £5000.
– Eligibility: It is referenced that all circumstances are considered and so most applicants should see approval. This is relevant to the guarantor option. It is good to see that tenants can stand in, although the starting age does come in quite high at 25.
– Operations: Extended trading times are seen on Saturdays between the times of 10am and 4pm. These hours are longer than those at their main company where they close at 2pm.
– Personal: Guarantor and personal loans can be chosen between and there is no difference in pricing based on the quotes taken from each calculator. It is claimed however that you can pay as little as 29.9% without a backing. A top score would be required for this. Over at GB guarantors are only brought in should there be an initial decline and there is a pricing difference between each product. This brand is in this instance more appealing, although you’d prefer to see SSL added.