We understand that you wish to know more about the application process with Welcome Finance and Welcome Car Finance. Below we have listed some questions that you may be thinking alternatively if you still have a question that hasn’t been answered? Then please do not hesitate to contact us.

• How much can I borrow?
  For a personal loan, you can borrow any amount from £750 and £8,500 and for a secured loan you can borrow any amount from £1,500 to £20,000. The best way to get a personalised quotation is to apply online and then we can assess your situation and call you back at a time to suit you.
• What might my repayments be like?
  For more information then give us a call.
• Over what period of time can I spread my loan?
  This depends on the type of loan but you could get a secured loan for anything up to 15 years but this does mean that you would pay more over the life of your loan. Spreading your repayments over a longer period has the advantage of making your monthly repayments more affordable.
• Does it matter if I have CCJs, mortgage arrears or poor credit?
  No, we look to help everyone, whatever your circumstances.
• What can I use my loan for?
  The loan can be used for anything that you like.
• What APR will I be charged?
  That depends on what type of loan you opt for. On a secured loan we have a typical 29.5% APR. On a personal loan we have typical 63.9% APR. These are the typical rates that at least 66% of customers like you pay. However you could pay a little more or a little less, depending on your personal circumstances.
• Is the interest rate fixed?
  Yes.
• Do I have to use my property for a loan?
  No, you can take out an unsecured personal loan instead, however with secured loans you can borrow more, spread your repayments over a longer period and pay a lower APR but it would cost you more over the entire length of the loan. This means that your monthly repayments could be lower with a secured loan.
• Do I have to pay for a valuation on my house, or legal fees to the solicitors?
  No.
• Do you need any documents from me?
  No, not immediately. We can give you a decision in principle without having to see any paperwork. We'll only need to see some documentation before the loan is completed.
• Will our mortgage lender need to know about my loan?
  No.
• Will you need to contact my employer?
  This may be necessary to confirm your salary details.
• How do I apply for a loan?
  Simply complete the online application.
• Am I under any obligation by filling in the enquiry form?
  None whatsoever.
• How long will it take to process my loan?
  A cheque could be with you as quickly as 5 days for a personal loan and 10-15 days for a secured loan, after your decision in principle.