Personal loans from the Post Office range from £1,000 to £25,000 and offer a fixed 6.9%-14.9% APR Representative for term lengths of 1 year − 7 years
The Post Office is a commercial business that has been an integral part of life in the United Kingdom for centuries.
About Post Office Money
The company has over 11,500 branches across Britain and some of these are franchise operations run by agents. They have the largest network in UK, along with a large online business.
The Post Office offers a variety of services
Some of the Post office’s services are available online, while others can be done in their offices. When you apply for a service online and have access to e-signing, you will receive an email with all your paperwork attached when it is time to sign documents.,
The Post Office has created an exciting modernization and investment program that allows them to meet the changing demands of their customers. This program allowed over 200 communities across the country have a brand new post office branch.
Post Office Money Personal Loan
Personal loans from the Post Office range from £1,000 to £25,000 and offer a fixed 3.1% APR Representative for term lengths of 1 year − 7 years depending on the amount you choose to borrow. Post Office Money will contact you within one business day to let you know whether or not your loan application was approved. If it was, the money will be transferred into your account no later than the next business day.
You can control your loan
After your first payment is taken, Post Office Money will give you the opportunity to change when it takes payments from your account. However, date changes are limited to one per calendar year.
Repayments schedules
You should make your first repayment during the month in which you received the loan. If that date falls on a weekend or holiday, however, you should make it then next working day.
If you pay off your loan before the agreed-upon date, then you will incur interest charges at a rate of 58 days’ worth. You should request a settlement quotation from Post Office Money before finalizing your loan.