FAQ - About Loans

What type of loans do Citrus Loans find?

Citrus Loans have a panel of lenders that offer unsecured loans up to £25,000 with a repayment period between 1-5 years.

What is an unsecured loan?

An unsecured loan is a loan that is supported solely by the borrower's creditworthiness, it is not secured against an asset - for example a vehicle or house. As there is no collateral attached to an unsecured loan, loan providers may see you as a higher risk.

What is the difference between an unsecured personal loan and guarantor loan?

An unsecured personal loan is supported solely by the borrower's creditworthiness. If the Lenders on our panel are unable to offer you a financial solution based on your circumstances, you may be offered a guarantor loan. With a guarantor loan, the loan provider will request a person you know to agree to repay the loan should you default on the agreed repayments.

How much can I borrow?

No two customers are the same, the Lenders on our panel will assess your individual circumstances with a view to offering a personalised financial solution. The Lenders on our panel offer loans up to £25,000 depending on your financial situation and credit rating.

How long do I have to pay back my loan?

The loan term is dependent on your individual circumstances and will vary depending on the product and lender. Loan repayment terms are between 1-5 years.

What is an APR?

APR stands for Annual Percentage Rate and is used to describe the cost of borrowing money. All Lenders calculate APR in the same way which allows you to compare different lending products.

Who is eligible for a loan?

Citrus Loans welcome applications from all customers who are over 18 and currently resident in the UK. We process 1000s of applications each week from customers with a range of financial backgrounds and credit profiles. We pride ourselves in helping customers find a loan, who have previously been refused a loan elsewhere.