Naylors Finance are a short-term lender first founded in Wakefield, west Yorkshire over forty years ago. Since then, they have expanded from door-to-door collections to online lending services now supplying customers in England, Scotland, and Wales. They pride themselves in offering loans with repayment plans that fit your lifestyle. As for all loans there is an affordability assessment that must be carried out prior to being given the loan, however, Naylors Finance boast that most of their applications have a decision within an hour. This is simply record time when compared to other competitors on the market. Considering it only takes about 10 minutes to apply for the loan they are miles ahead on the competition on ease of application.

Naylors Finance low interest rate

One area where Naylors Finance excel in affordability is the amount of interest they charge on the loan. For example, if you were to borrow £300 from Naylors finance over a 27-week loan period, your weekly repayment would be £18 with a total interest being £186 making the total loan £486. If, however, you were to borrow of a local competitor such as Loans at Home the same £300 the breakdown would be much more expensive. The weekly repayments for this loan would be £19 a week, with the amount of interest being charged accumulating to £210, making the total loan £510. Overall, this means by choosing Naylors Finance you have made a saving of £24.

Satisfactory customer support

A further Sector which Naylors Finance excel is through their customer services, they are rated to have some of the best customer service within the personal short term loan market. They pride themselves on leaving customers happy no matter their circumstance and always be just a phone call away. This is demonstrated to be true with Naylors Finance having a 4.5 review rating on Trust Pilot far above average of the competitors.

Naylors Finance offers Loan applicaton through web portal

It’s no wonder Naylors Finance are smashing the competition with the user friendliness of their website which guides you through the process of applying for a loan in the most stress-free manner possible. Somehow, they have turned the stressful process of applying for a loan into an extremely stress-free process. There website is a testimony to the values of Naylors Finance with links to several money advice services such as the money advice service and citizens advice.

Transparency on loan application and loan repayments

Naylors Finance have also been very open and honest with the customer when compared to the competitors in the frequently asked question section of their website. Informing them if any information they may need to apply and what may happen if they miss repayments. Once again, a further testimony to the values held within the company.

Naylors Finance contact details

• Telephone 01924 283939 (Mon–Fri 8am-4:30pm)
• FREEPHONE 03301 340 119 (Mon–Fri 8am-4:30pm)

Wrapping up

So, with a record speed loan application and decision process, better affordability than the competitors, a customer service that is unchallenged in the current market and a website that is extremely user friendly. Naylors Finance is a company that values being good to their customers is it really a wonder why they are dominating the personal loan market.

Sources: Naylors Finance UK Trust Pilot Lenders Compared