Company Name: RedWallet.com
Trading name of: Ancora Capital Ltd
Registration Number: 7973191
Credit Licence Number: 651478
Representative APR: 2,116%
Maximum Loan Amount: £400
Loan Term: 30 days
Cost to Borrow £100 for 30 Days: £29
Representative Example: Amount of credit £200. Total amount repayable £258 in one instalment interest £58. Duration of the agreement 30 days. Interest rate 352% pa fixed. Representative APR 2116%.
Hidden Fees: No
Promo Code: Sometimes (not currently)
Contact: customerservice@redwallet.com / 08455 44 28 99 (calls charged at 3.4p/min)
About: RedWallet can easily be classified as a responsible lender for a number of reasons.
Before applying make sure you are over 18, are a UK resident, have a valid UK bank account and a valid debit card. Also, you MUST be employed and have a good credit score (even though they will still consider your application if if you have bad credit). You cannot have more than one loan with them and will only allowed to extend your current loan 3 times.
As a new client you will be allowed to borrow a maximum of £400 depending on your situation (income, age, job...).
Red Wallet loans will be able to send your money the same day if you apply before 5PM. Otherwise the funds will be transferred to your account the morning of the following day.
All their charges are absolutely clear, no strings attached. You can use the slider on their homepage to determine the cost of borrowing (£29 if you borrow £100 => you repay £129). There are no fees for faster payments, everything is included in the cost of borrowing.
However if you fail to repay on time, charges will apply.
Send your own review of RedWallet in the comments below
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