– a lender who quote an APR is equal to or exceeds 100%
– provided the credit for a period of a maximum of 12 months and repayments of the loan is to be made within a maximum of 12 months of the date on which the credit is advanced.
– a high-cost short-term lender must not charge alone or in combination with any other charge under the agreement a payment exceeding or are capable of exceeding 0.8% of the amount of credit provided under the agreement calculated per day from the date which the borrower receives the credit
– excluded lenders are those whom offer their products as either:
i) a home credit loan agreement (home collected credit); or
ii) a bill of sale loan agreement (a logbook loan)
Need something else? Visit our Support Centre. If you need to write to Metro Loan this is our postal address: 1st Floor, 2 Woodberry Grove, Finchley, London, N12 0DR.
To make this service free for you we charge the lenders. They pay us commission for the work we do. Metro Loan is a broker NOT a lender. We use a unique, sophisticated algorithm to match customers to lenders. This matching process is based on application details, preferences, the lender but not the commission paid to us.
This service is FREE. We will never – nor will any partner – contact you by any means to request money or the purchase of products in advance of your loan funds being credited. To learn more about cold-callers see our fraud protection guidance.