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Toot Loans

69.9% Representative

Will lend between: £1,000 - £5,000

Over: 12 - 60 Months

Representative example: Representative Example: If you borrow £2,500 over 3 years at an interest rate of 54.2% p.a. (fixed) and a Representative APR of 69.9%, you will repay £141.82 per month. Interest payable is £2,605.52. Total repayable £5,105.52.
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Toot Loans customer reviews.

146 reviews

4.8 out of 5 stars

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Our review of Toot Loans

Toot Loans offer unsecured personal loans to customers who are unable to access mainstream credit. With a unique approach to assessing affordability using Open Banking technology, Toot Loans stands out from other lenders who primarily rely on credit scores. The loan application process is user-friendly, conducted entirely online in just a few minutes, and offers loan amounts between £1,000 and £5,000, with repayment terms ranging from 12 to 60 months. This is an attractive option for customers who need access to credit but struggle due to their credit score. Customers have the flexibility to choose the loan amount and repayment term that aligns with their budget and needs, with a decision on their application within minutes. Toot Loans' commitment to excellent customer service is reflected in their Trustpilot rating of 4.9 out of 5 stars, affirming their reliability and transparency.

Overall, Toot Loans is a trustworthy lender that offers valuable credit access to its customers, especially those who have been turned down by mainstream lenders such as high street banks and building societies.

Written by: Mark
Highlights
  • Simple online application process with no need to provide any documentation due to their use of Open Banking.
  • Consider all applications each if you've been unable to get accepted by mainstream providers
  • Unsecured Loans up to £5000
  • Get judged you on your afforability to repay the loan, not your credit history
Minimum criteria
  • Aged 23 or over
  • A UK resident
  • Lived at your current address for at least 1 year
  • Employed with a net monthly income of £1,000 or more
Fees
  • Maximum APR 69.9%
  • Arrangement fee: £0
  • Early repayment fee: £0
  • Late payment fee: £0

About Toot Loans

Toot Loans (a trading name of Brighter Lending Limited) are based in Liverpool and offer unsecured personal loans to customers who need to borrow money for various purposes, such as home improvements, car repairs, or debt consolidation. Toot specialises in helping customers with a less-than-perfect credit history, this is achieved by using Open Banking technology to assess your affordability rather than relying solely on a credit score. The loan application process is as simple and straightforward as possible, with an entirely online application process that can be completed in just a few minutes. They offer loan amounts ranging from £1,000 to £5,000, with repayment terms of 12 to 60 months. Customers can choose the loan amount and repayment term that best suits their needs and budget, and receive a decision on their loan application within minutes. Toot Loans prides itself on its excellent customer service and at the time of writing has a Trustpilot rating of 4.9 out of 5 stars.

Company information

Registration number: 12038032

tootloans.co.uk

01514520079

17 Duke Street

FCA registration

Reference No: 928634

Trading names: Toot Loans

Place of business:17 Duke Street, Formby, Liverpool, L37 4AN

Data protection registration

Registration No: ZA551095

Data controller: Brighter Lending Limited

Address: 17 Duke Street, Formby, Liverpool, L37 4AN

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Warning: Late repayment can cause you serious money problems. For help, go to moneyhelper.org.uk