Key Facts – the essential information on our Bike Loans, at a glance
How much can I borrow?
Our boat loan product enables you to borrow between £2,500 and £25,000.
Your repayments will be made monthly, with the first repayment being payable 1 month after you sign your agreement.
You can however make overpayments and early repayments on your loan free of charge, subject to our terms and conditions – view our full set of terms and conditions.
What is the repayment period?
Repayment terms are between 2 years to 5 years.
The interest rate on the loan is fixed for the duration of the loan period. Interest is charged on a daily basis. Click on our calculator to see repayment calculations.
How quickly can I have the funds in my account?
The online application process takes 10 minutes. We will make an instant decision and the funds could be in your account within 48 hours (excluding weekends and Bank Holidays).
Are there arrangement fees?
No, there are no arrangement fees or any other hidden fees attached to our loans.
What happens if I can’t make the repayments?
You should be aware that you will incur charges if payments are not made on time.
We will charge the following if repayments are not kept up to date:-
- Returned or recalled Cheques or credit/debit card payments - £25 per occurrence
- Direct Debits that are recalled - £22 per occurrence
- Letters sent to you as a result of a breach of contract - £25 per letter
- Default Notice - £25 per notice
Do you have a call centre?
Yes, our UK-based customer service team are waiting to speak with you on 0344 375 5500.
Our team is available
Monday - Friday - 8.45am - 7.30pm
Saturday - 8.45am - 12pm.
For more information on our loans please take a look at our Key Information section.