About our loans
We provide cash loans up to a maximum value of £1,000.
Before any loan is issued we must undertake an affordability assessment. This is getting your income and non-discretionary expenditure; it is to make sure that the loan is affordable to you and doesn’t put you in financial difficulty. We may also consult a credit reference agency so we can consider your wider financial circumstances, and we will also ask what the purpose of the loan is to ensure you are not borrowing money when it may be better for you to seek free financial help.
The interest is fixed from the moment you take out your loan and we promise never to charge for missed, late or reduced payments. There are no nasty shocks at anytime through your agreement.
You can make your payments by cash or debit card and at a frequency that suits you.
You have the right to withdraw from the credit agreement within fourteen days, but you will need to return the amount of credit issued.
You can also repay early in full, or in part, any time under the agreement and you will be entitled to some of the interest back.
Check our representative example at the bottom of the page.
No Hidden Charges
All charges are carefully explained and clearly shown before you agree to anything.
- What you see is what you pay
- You will be given time to consider all your options before taking a loan once it is agreed
- We have various loan products to help find the best fit for you
- There are no additional charges for bank card payments or home visit collections
Why is the APR% different to the interest?
Getting a loan means paying interest—it’s the cost of borrowing money. Just how much interest you’ll pay depends on which loan product you choose to use. ALL our loans have fixed interest rates! That means that what you see is what you pay. The APR (Annual Percentage Rate) figure is a calculated figure to show what the interest would be if it was charged annually and it is a compulsory requirement by the FCA to advertise this figure with all loan products.
Representative Example
£200 over 30 weeks. 29 weeks at £10.00 and a final payment of £14.00. Total amount repayable £304.00. Fixed interest rate of 52%. APR 344.39% and 90.38% per annum.
Registered company name:
GR Finance Ltd
Registered company number: 5901285
Head office:
GR Finance Ltd,
The Innovation Centre, Hub Two,
Venture Court, Queens Meadow Business Park, Hartlepool, TS25 5TG
FCA Firm Reference Number: 697692