The AA Loans Info (Broker) | www.theaa.com
The AA loans have been underwritten by a number of big names over the years including Co-op Bank and Creation. Through this new partner they deliver competitively priced unsecured loans from just 3.2% APR. The rate has recently been lowered for their small sums. This was previously set at 18.9%, but it is now 12.9%. So for £1000 over a year you pay £67.28. The 3.2% rate seen at £10,000 (again over a single year) sees a charge of £171.66. Their car loan rates did differ previously, but this is no longer the case. Anyone can access between £1000 and £25,000 with the term range spanning from 1 up to 7 years.
When applying at www.theaa.com you can benefit from an instant decision. The payout will however be delayed since forms have to go through the post. There is even an AA loans login headed that is taken externally. You don’t get a login over at the Post Office and the 1k/10k rate range on that side is 12.9%/3.9%. The benefit there is however that they have 11,500 high street branches. For those with any questions, their team can be reached from Monday to Saturday from 8am to 8pm and on Sundays from 9am to 5pm. A minimum age applies at 21, the minimum salary is £12,000+ (self-employed is ok) and they won’t take on those with past bankruptcy or CCJs.