Asda Finance Loans

 

  • Asda finance logo
    • Typical APR: 7.9%
    • Min: £7,500
    • Max: £25,000
    • Term: 1 - 7 Years
    • Bad Credit: Yes
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Summary

Located in Leeds, ASDA is a financial arm of the Wal-mart family. ASDA offers unsecured loans ranging from £3,000 to £25,000 and is partnered with GE Consumer Finance.

Practices

ASDA offers a range of financial services included unsecured personal loans. The company divides the loans into two categories. Little Loans are available from £3,000 to £7,500 and Personal Loans range from £7,500 to £25,000.

Services

ASDA Loans offers up to £25,000 to employed individuals over the age of twenty-four. The loans are unsecured and require only your banking information, your employer, your monthly income and expenses and your address details for the last three years. Funds can be available in as little as forty-eight hours following an approved application and terms extend up to eighty-four months. You may not pay additional amounts per month, but you are allowed to pay the loan off early by paying a lump-sum settlement amount.

You have the option of taking a three month deferment on the start of payments and loan insurance is available. You have your choice of three loan insurance plans cover your payments in varying degrees. The Gold plan covers critical illness, disability and unemployment, Silver covers disability and unemployment and Bronze covers disability only. All loan insurance plans include a pay-off in the event of your death.

Clients and Customers

Loans are available to adults over the age of twenty four with steady housing and verifiable employment. Credit, income, expenses and banking information are factors as well in the decision making process. Loan insurance is available to individuals under the age of 65. You can apply for a loan online or over the phone.

Associations and Credentials

ASDA Loans are provided by GE Capital Bank Limited, trading as GE Money. The company is registered in England with number 1456283.

Interest Rates

The typical interest rate for personal loans over £7,500 is 7.4% APR. For ASDA Little Loans under £7,500, typical APR is 12.9% APR.



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