Fair Finance is a respected direct lender offering affordable personal loans to individuals in the UK. Borrowers can access up to £3,000, with new clients eligible for loans up to £1,000 and existing clients up to £3,000. Repayment terms for new borrowers range from 6 to 12 months, while returning clients can spread payments over up to 18 months.

A standout feature is the fixed interest rate of 249% for new clients, with a representative APR of 280%. For example, a £500 loan over 12 months results in a total repayment of £929.40, including a 6% admin fee. There are no hidden broker charges, providing clear cost expectations and making budgeting easier.

How to Apply for a Fair Finance Loan

1. Click ‘Apply’ on the Fair Finance website.
2. Complete a simple online application form.
3. Upload recent bank statements for verification.
4. Wait up to 24 hours for a response from the Fair Finance team.

Key Advantages

One of Fair Finance’s greatest strengths is their transparency—clear admin fees and fixed interest rates mean there are no surprises.

The lender has a high Trustpilot rating, reflecting their commitment to fast decisions and friendly service. This fosters trust and confidence for borrowers.

Main Drawbacks

The high representative APR of 280% will be a drawback for those used to lower-cost credit options, so careful affordability checks are needed.

Loan amounts for new customers are limited to £1,000, which may not be enough for all applicants’ needs.

Our Verdict

Fair Finance is a responsible, customer-focused lender, ideal for those seeking affordable loans with transparent terms and supportive service. The straightforward application process and no hidden broker fees set them apart.

However, consider the total repayment cost and eligibility limits before applying. Overall, Fair Finance offers clear value for many looking to borrow responsibly in the UK.