Please see below for commonly asked questions on applying for a loan using Kite Loans
In the majority of cases money will be transferred to your bank account within 15 minutes of being accepted for your loan. However, this will depend on your lender and how long it takes your bank to process it. The majority of high street bank support Faster Payments nowadays, so you should expect to see money soon after signing your credit agreement.
Each lender may vary on the method in which they take payments for the loan, but in most cases it will be through a continuous payment authority (CPA). This is where your scheduled loan payments get taken from your bank account on your repayment dates. If you would like to cancel this method of payment at any time you will need to contact your lender. Your payment method will be highlighted in the final application process once you’ve been matched with a lender.
We have over 65 UK based lenders in our network. Our system works to find you the cheapest available loan from this panel.
No, we do not carry out credit checks as part of our lender finding service. However, many lenders on our panel may run credit, affordability, and identity verifications before they issue you with a loan. This doesn't mean that you will not be accepted if you have bad credit, as many of our lenders are able to help people with poor and impaired credit.
We should have a result and a lender for you within 30 seconds of you submitting your application on our online form. However, it can take slightly longer depending on the speed of your internet connection.
Our loan database of 65 lenders cater for a wide variety of applicants. This means that's there is a good chance we can find you a suitable loan even if you have been rejected elsewhere.
For you to submit an application you must be sure to meet the following requirements:
It's important to remember that we are not the direct Lender. If you have any questions regarding your loan you will need to liaise directly with your lender. All lenders on our panel abide by extremely high lending regulations and will all have customer service agents available to help with any query you may have.
Our panel of lenders will loan any amount from £100 up to £3000. The amount you are able to borrow will depend on an affordability assessment carried out by the lender. Therefore, we advise you only apply for the amount you are sure you can comfortably repay.
If you ever struggle to pay a loan back, we would advise you to firstly contact your lender and inform them of your new circumstances. They will then run a new affordability assessment on you and hopefully offer you an affordable repayment plan. Depending on your circumstances they may be able to freeze the interest on your loan.
Alternatively, below is a list of free independent debt charities that can help you manage your financial problems
Consumer Credit Counselling Service
Tel: 0800 138 111
Tel: 0808 808 4000
Money Advice Service
Tel: 0300 500 5000