What type of loans do Citrus Loans offer?
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 high 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 our loan providers 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, our lenders will assess your individual circumstances to offer a personalised financial solution. Our lenders 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 lender. Loan repayment terms are between 1-5 years.
What is an APR?
APR is the annual percentage rate which describes the interest rate as a yearly rate. The APR you are offered will vary depending on your personal financial circumstances and the loan provider. The interest rate is essentially the cost of borrowing the
Who is eligible for a loan through Citrus Loans?
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
who have previously been refused a loan elsewhere.