Barclays has set up a new company offering secured loans for customers. The company is called Fair and Square and is to be heavily advertised across the UK as of next Monday, 14th January. With borrowers concerned at media reports of struggling lenders – it was suggested that Barclays had requested emergency funding from the Bank of England – the clean name of a new lender is designed to attract customers seeking a straight forward and simple deal.
Fair and Square offer loans of between £10,000 and £150,000 at a typical rate of 6.9 per cent APR. There is an upfront set up fee of £950, though the lender insists that there are no other arrangement costs on the loans which are repayable over between five to twenty five years.
Barclays Sets Up Fair & Square Loans Company
Barclays Sets Up Fair & Square Loans Company
Wed, 16 Jan 2008
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