ThinkMoney started back in 2001 in Manchester as Thinkbanking. Although they mainly offer current accounts, they have now started offering loans as well. They are dedicated to building the easiest online banking experience which includes all their customers.
For any personal funding needs, you can turn to a ThinkMoney personal loan. If you need a payment estimate for your monthly budget, use the ThinkMoney loan personal calculator. With it, you can pick a monthly cost that will not break your bank account.
Terms from 1 to 10 years. Representative example: 5 year £10,000 loan with comparison rates from 2.8% to 49.9% APR would cost between £10,728 and £27,321, including fees. The interest can vary between £728 and £17,321.
Overview of ThinkMoney loans
To start, ThinkMoney is only a registered broker. They work with different lenders who will be providing the loan themselves.
It is always good to study the features of a loan before applying for one. For ThinkMoney loans, the actual terms differ depending on the lender you choose. However, their loans do have the following key features:
- Loan amount from £100 up to £25,000
- Fixed monthly payments
- Repayment through direct debits
- 24/7 loan account management through their app
There are advantages to applying for their loans. Firstly, their app manages your monthly loan payments for you. The app sets aside money in your current account to settle the regular payments. Secondly, by making regular payments with the app, you improve your credit score. In turn, ThinkMoney will provide better loan options in your future applications.
Need more information? Not to worry. You can find more details here:
How to apply
You can apply only if you meet the requirements. To qualify, you must be:
- A ThinkMoney current account holder (of at least 3 months)
- Aged 18 years old or older
- A UK resident
- Earning stable income or pensions annually
After meeting all the above, you can apply for a loan via the app. You can also call the customer service team who will walk you through the process. You may need to prepare additional personal information and documents, though. These relate to your identity, your address history, and your regular income and expenses.
Expect a full credit check on your profile when you proceed with your application.
ThinkMoney personal loan calculator
EST Monthly Repayment
12 months
to 60 months
EST Monthly Repayment
£100
to £25,000
We work with lenders to help you find a loan to suit your needs, whether youre looking to buy a car, go on the holiday of a lifetime or get a gift for someone special.
Repayment Period
12 months
to 60 months
Loan Amounts
£7,500
to £25,000
Paying off your debt using a Nationwide loan could give you the chance to take control of your finances.
Repayment Period
12 months
to 60 months
Loan Amounts
£7,500
to £15,000
You are eligible if youre 21 or over and live in the UK permanently, you have a regular yearly income of £6,000+, you are able to make your repayments by Direct Debit, and you havent been declared bankrupt, had a CCJ or an IVA within the last 6 years. All credit is subject to status and credit checks.
Repayment Period
12 months
to 96 months
Loan Amounts
£15,000
to £25,000
Make your plans a reality with a personal loan with fixed monthly payments, an instant credit decision, quick access to funds and no arrangement fee.
Repayment Period
24 months
to 60 months
Loan Amounts
£15,000
to £24,999
When it comes to putting your plans into action, its personal. And with a personalised loan just a few clicks away, getting things moving could be simpler than you think. Get your loan rate before you apply without it affecting your credit score.
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Minimum and maximum loan periods vary between 1 month and 10 years. APR varies between 2.80% and 71.30% p.a. Total interest repayments vary between £435 and £1,019 over the life of the loan. *APR is based on an unsecured loan of R£15,000 for a term of 3 years. WARNING: This APR is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different APR. These rates can change without further notice. All rates quoted are per annum.
