Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk.
Representative Example: Amount of credit: £1,000 for 12 months at £163.94 per month. Total repayment of £1,967.19. Interest: £967.19. Interest rate: 150% pa (fixed). 311.3% APR Representative.
On Stride Financial Loans vs. Amigo Loans
When it comes to comparing On Stride Financial Loans with Amigo Loans, the biggest difference between the two is that Amigo offers a guarantor loan, while On Stride Financial offers a no guarantor loan. Guarantor loans require you to have a co-signer with your loan. The guarantor’s responsibility is to make the loan repayments if the borrower does not. If you do not have someone who can take on the responsibility of paying your loan should you not be able to, you may want to consider an instalment loan from On Stride Financial.
| Loan Amounts |
|---|
| Amigo Loans |
| £500 – £10,000 |
| On Stride Financial |
| £150 – £5,000 |
| Repayment Terms |
|---|
| Amigo Loans |
| 1 – 5 years |
| On Stride Financial |
| 6 months – 3 years |
| Requires a Guarantor |
|---|
| Amigo Loans |
| Yes |
| On Stride Financial |
| No |
Instalment Loans vs. Guarantor Loans
When you apply for a guarantor loan, not only does your guarantor have to sign to agree to take on responsibility for loan payments, but for Amigo Loans you both have to complete budget plans online. In addition to that, Amigo Loans may have to call to confirm the repayments are affordable. While the due diligence is understandable and commendable, sometimes having a guarantor that will support you to that extent just isn’t an option. Not everyone has people that can not only agree for responsibility of your loan should it go unpaid, but who will also complete budget plans and jump through the same hoops you have to jump through.
What Does On Stride Financial Offer?
Non-guarantor instalment loans can be a little more simple. With On Stride Financial, you can apply online in minutes and, if approved, receive funding within 10 minutes of approval. You don't need a guarantor, so you are the only one needed to complete the process. On Stride Financial has a broad range of funding options available, including smaller loans than what Amigo Loans offers. For consumers looking for a smaller amount that can be repaid over a short amount of time, On Stride Financial instalment loans can be a good option. For more information on the specifics of what we offer, check out our Rates & Terms page.
What You Need to Apply With On Stride Financial
To apply for a personal loan with On Stride Financial, you just need to meet the minimum requirements:
Be at least 18 years old
Be a resident of the UK
Have a regular income
If you meet our requirements, you are all set to begin your application!
On Stride Financial is rated out of 5 by Reviews.co.uk based on reviews
All costs and information verified on 12th December 2018 from AmigoLoans.co.uk.