VarioLoans Review | www.varioloans.com
Address: 707 Churchill Way, Biggin Hill Airport, Westerham, TN16 3BN.
Branding: VarioLoans. AKA: Vario Loans.
FCA Licence: 640978.
From: Uncle Buck Finance Llp.
Related: RedWallet, Uncle Buck, WagedayXpress.
Available: Monday to Friday (8am/8pm), Saturday (9am/3pm).
Bad Credit Considered: Yes.
Manage: VarioLoans login provided via www.varioloans.com.
Offers: Instalment loans.
Sums: £100 to £500 (new) | £1000 max (returning).
Terms: 3 months.
£155.21 /£300 (3)
Notes: 90 day term has been picked out here, but your term will be set by your payday.
– Operations: If you apply on a Saturday then you can receive same day funding throughout the day.
– Ownership: Ancora Capital Ltd has closed and all noted companies now belong within the Uncle Buck loan group. This collective brute force is now in a strong position to challenge major lenders like QuickQuid.
– Amounts previously stood at £100 to £250 for the shorter repayments and £200 to £500 for the instalments. The addition of £1000 for return users was more recent. The latest range for new customers is set between £100 and £500, whilst the returning limit has remained the same.
– Operations remain the same (Mon to Sat), but they have only recently chose to disclose the specific times.
– Pricing has changed on a few occasions. There was a 1% daily rate when you borrowed within the month. Just before the cap came into force they lowered the costs to a considerable level. A £100 7 day loan was for instance headed at £4.55 and a £300 3 month selection was just £118.64. These generous prices didn’t stick around for long though. Before the latest update they charged: £5.60/£100 (7), £24/£100 (30) and £216/£300 (3 months). The new cost comes in at £155.21.
– Terms were completely revamped in early 2015. Before this change went ahead you had the option of choosing short selections between 7 and 35 days. You could also opt for monthly blocks between 1 and 3 months. As it stands, all customers now see a repayment that is fixed at 3 months.
– Trade association membership (CCTA) has been removed. Since they are controlled by Uncle Buck they have now switched to become BCCA members.