At V12 Personal Finance, we help people like you find simple and transparent loans to make your life easier. Leaving you to focus on what really matters to you.
Here are 11 reasons why thousands of people across the UK trust V12 Personal Finance to help them borrow money with confidence.
1. We make finance simple
Finance can sometimes be confusing. That's why we break it down. From secured vs unsecured loans to APR and credit checks, we're here to help you and explain everything in plain English so you can make informed decisions without stress.
Read our guides and insight on helping keep finance simple.
2. Access to a trusted panel of lenders and brokers
We work with a carefully selected panel of trusted FCA-authorised lenders and a broker. If you're eligible you could have access to a range of personal loan options, all in one place, which will save you time and effort.
3. Soft credit checks that don't affect your score
Worried about your credit score? Don't be.
Our personal loan eligibility check uses a soft search, so you can see loan options tailored to you that are only visible to you.
At V12 Personal Finance, you can check your loan eligibility risk free!
4. We're a responsible business
Loans are a big commitment, and we believe in making the benefits and the risks clear to you from the outset.
It's important to carefully consider the type of loan that best suits your needs, as well as the term and amount that are suitable and affordable to you. If you are a homeowner, you can apply for a secured loan and might be asked to put your home up as collateral against the loan.
Therefore, if you fail to keep up with repayments, your home will be at risk of repossession.
Everyone is different, so be sure to research whether a loan is right for you before committing to one.
At V12 Personal Finance, we offer tools like our personal loan eligibility check to help you explore your options with no impact on your credit score.
5. Fast loan offers
Who has time to waste? We know your time is valuable.
That's why we present tailored loan offers to our customers in minutes. If eligible, you could have the money in your account in as little as two hours for unsecured loans (lender/broker and loan type dependent). Secured loans require more time to be processed.
The ease and speed do not come at the cost of transparency. We give you all the information you need to make the best decisions for you, without wasting your time!
6. Loan options to suit your needs
Whether you're borrowing a little or a lot, we've got you covered.
Our panel offers unsecured loans from £2,000 to £35,000 and secured loans up to £500,000. With different repayment terms available from 12 months to 35 years, depending on the loan type, at V12 Personal Finance, you have options to help bring your ideas to life.
Unsure of which loan might be for you? Read our guide here.
7. Ideal for debt consolidation
Juggling multiple repayments? You're not alone.
In fact, 35% of our personal finance customers use personal loans to restructure their debts into one manageable monthly payment. It's a smart way to simplify your finances and reduce stress.
We specialise in providing people with a stress-free option to restructure debt into one monthly payment. It's important to remember the loan length could be increased, therefore, potentially adding to the overall cost.
8. We're part of the Secure Trust Bank Group
At V12 Personal Finance, we're proud to be a part of the Secure Trust Bank family and work alongside V12 Retail Finance. For decades, Secure Trust Bank has helped people across the UK save and borrow.
V12 Retail Finance helps people access the things they love more easily by spreading payments over time. With our history and reputation, you can have faith in the V12 family of products and services.
9. Consumer duty
Let's face it, finance has faced some stigma. That's why at V12 we believe in clear, upfront information. With us you'll always know what's happening. No exceptions.
You'll see the interest rate, repayment amount and total cost before you commit. No hidden fees, no nasty surprises.
We work in your best interests and take that responsibility very seriously.
10. Customer support
We're here to help.
That means offering tools like our personal loan calculator and our personal loan eligibility check. We provide clear information, tell you about benefits and risks, and encourage you to only borrow what you can afford to repay.
Need to get in touch? Have a question? You'll find lots of help here.
11. We know you're a person, not a credit score
At V12, we understand that life happens and not everything is always plain sailing.
We won't always say yes or be able to help but we'll never forget you are a person, and we'll always treat you with respect.
Ready to join the V12 Revolution?
Whether you're consolidating debt, planning a big purchase or just exploring your options, we're here to help.
FAQs
1. What is the difference between a secured and unsecured loan?
A secured loan is backed by an asset, usually your home, while an unsecured loan doesn't require collateral. Secured loans often offer lower interest rates, longer terms (the amount of time you borrow over) and higher borrowing limits, but your property may be at risk if you miss repayments.
2. Can I get a personal loan with bad credit?
It may be possible. Some lenders on our panel offer loans to people with less-than-perfect credit scores. Secured loans may be more accessible if you're a homeowner, but all loans are subject to status and affordability checks and where poor credit history is a factor higher interest rates or lower loan amounts may be offered.
3. How quickly can I get a loan?
If eligible, you could receive your funds in as little as two hours after approval for an unsecured loan. Secured loans require more time to be processed Timings vary depending on the lender/broker and your bank.
4. What can I use a personal loan for?
Personal loans can be used for a wide range of purposes - from home improvements and car repairs to weddings, holidays or debt consolidation.
5. Will checking my eligibility affect my credit score?
No. Our eligibility checker uses a soft search, which won't impact your credit score. A full credit check is only carried out if you choose to proceed with a loan offer.
6. Is V12 Personal Finance a lender?
No. V12 Personal Finance is a credit broker, not a lender. We introduce you to a panel of lenders and brokers who may offer you a loan.
7. Are V12 Personal Finance's lenders authorised?
Yes. All lenders and brokers we work with are authorised and regulated by the Financial Conduct Authority (FCA).
8. What happens if I miss a repayment?
Missing repayments can negatively affect your credit score and may result in additional charges. If your loan is secured, your home may be at risk. Always borrow responsibly.
Representative example: If you borrow £5,500 over 5 Years at a Representative APR of 21.9% and an annual interest rate of 21.9% (fixed) you would pay £152.59 per month. Total amount repayable £9,155.49. Minimum repayment period is 12 months. Total charge for credit will be £3,655.49. Credit is subject to status, the % APR rate you will be offered is dependent on your personal circumstances.
It's important to carefully consider the type of loan that best suits your needs as well as a term and amount that is suitable and affordable.
V12 Retail Finance Limited is registered in England and Wales 4585692. Authorised and regulated by the Financial Conduct Authority. Registration number: 679653. Registered office: Yorke House, Arleston Way, Solihull, B90 4LH Correspondence address: 25-26 Neptune Court, Vanguard Way, Cardiff, CF24 5PJ. V12 Personal Finance is a trading name of V12 Retail Finance Limited.
V12 Personal Finance is a credit broker, not a lender. V12 Personal Finance introduces you to a limited range of brokers or lenders who may offer you a loan. V12 Personal Finance does not work with the whole of the lending market, meaning other loans may be available to you elsewhere.
V12 Personal Finance does not give you any recommendation or advice. V12 Personal Finance acts for itself and is not impartial. It does not act for you or for the lenders or brokers it works with.
V12 Personal Finance receives a fixed or percentage commission payment from the lender or broker if you take out a loan. The commission it receives varies depending on the product and loan amount. Loan offers (if available) are shown in this order: unsecured loans followed by secured loans, ranked by the closest matched loan amount, term and lowest APR respectively. Before completing your application, you will be shown the commission arrangement between V12 Personal Finance and the lender or broker you have selected.
Credit is subject to status. You must be UK resident aged 18 and over, with a regular provable income. If you are a homeowner, V12 Personal Finance may provide you with details of loans secured against your home. Your home may be repossessed if you do not keep up repayments on a mortgage or any other debt secured on it.
To make things easier, we'll share the information (including your personal details) that you confirm and provided during this eligibility check with our panel of lenders or brokers. We do this so that they can provide you with a quote for the loan you have requested and to save you from having to tell them again. Details of our panel can be found here.
You can read more about how we use your personal data in our privacy statement.
Warning: late payment can cause serious money problems.
For help, go to moneyhelper.org.uk