One more reason to love Fintern!
Fintern plans to offer a targeted APR of 15.0% at launch for all loan sizes. The targeted APR compares very favorably to other lenders. While large banks advertise personal loan rates with low single digit percentages, these numbers only apply to their large loan sizes. For example, although Lloyds advertises personal loans at a 3.9% APR, this is only for loans above £7,500. As it stands today, Lloyds' representative APR for a £2,500 loan is 26.7%. Check out their personal loan calculator.

Compared to specialist lenders, Fintern's 15.0% APR is an order of magnitude lower. Borrowing at Fintern's lower interest rate allows people to repay faster and dramatically reduce their cost of borrowing.

A recent comparison of APRs for £1,000 loans is shown below.

Fintern's Representative Loan Example: £1,000 loan repayable over 36 months. 36 monthly payments of £34.21. Rate of interest 15.0% p.a. (variable). Representative 15.0% APR (variable). Total amount repayable £1,231.37
Why now and how?
Fintern's whitepaper on credit decisioning and open banking explains how open banking makes affordable lending possible even in the Covid consumer credit crunch. Find out how Fintern uses a refreshingly new approach to credit decisioning and puts customers' interests first.
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Bridging the lending gap for you
As lockdown restrictions ease, what is next for consumer credit supply and demand? The Bank of England survey points to a possible gap emerging, though the signals are hard to interpret. Fintern is committed to helping bridge the gap. By joining the dots in customers' financial situations via open banking, Fintern will be able to see customers' real underlying affordability and provide credit to consumers that are not well-served by traditional banks.
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Affordable loans based on you
We're excited to announce that Fintern is now live and accepting loan applications!

As a quick refresher, while we don't require a long credit history to apply for a loan, we do need you to:

- Be at least 18
- Live in the UK
- Have at least one UK bank account
- Have no unresolved defaults or CCJs

To apply for a Fintern loan, simply download the Fintern App using the relevant link below*.
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Fintern LTD is registered in England & Wales No. 12472034
Registered with the Information Commissioner's Office in compliance with the Data Protection (Charges and Information) Regulations 2018 under registration ZA747930
Registered Office: Fintern, 3rd Floor, 86-90 Paul Street,London EC2A 4NE, United Kingdom