Mutual Review |


Address: 39 Bedford Street South, Leicester, LE1 3JN.
Branding: Mutual. Also known as: Mutual Loans.
FCA Licence: 000504.
From: Mutual Clothing & Supply Ltd.
Launched: 1898.
Memberships: CCTA.
Related: No companies.

Loan Details…
Available: Monday to Friday (8.30am/5pm).
Bad credit considered: Yes.
Manage: Mutual login provided via
Offers: Catalogue shopping and doorstep loans.
Pricing: £90/£300 (26 weeks).
Sums: £100 to £1000 (new) | £2500 max (returning).
Terms: 26, 51 or 102 weeks.
Notes: Only residents across East Anglia, East Midlands and South Yorkshire can use this service. There are 15 branches in total with 240 agents being attached to their network. Whilst the coverage is limited they have helped more than 40,000 customers. The operational days/times aren’t disclosed, but the head office is open between Monday and Friday (8.30am/5pm).

– Amounts: First time applicants can access £1000 and with trust comes the possible high return sum of £2500.
– Catalogue Shopping: You can shop through their catalogue that features a wide range of products including furniture, mobile phones, laptops, TVs and so on. This is the only doorstep lender that offers an account login facility. Once logged in you can view their products through their website. This option is again restricted to their catered locations.
– Experience: Originally formed in the year 1898. The noted Ltd company was set up later in 1922. The experience is notable, but why they haven’t chose to expand nationwide is the reason why they haven’t been able to compete with Provident, despite offering a cheaper service.
– Flexibility: Home collections can be made weekly, fortnightly or monthly. Most lenders only enable weekly repayments and so this extended option should help those who are paid monthly.
– Pricing: This lender provides the cheapest rates in the doorstep sector. The interest rate also reduces over the extended terms and so you may prefer to spread the cost as much as you can. Whilst the rates are low, they are still willing to consider those with past credit difficulties. Self-employed workers can also qualify.

– Amounts started at £50 that has been increased to £100.
– Term of 156 weeks was available that has now been removed.