Starter Loans Terms

1. Introduction

Welcome to FasterLoans UK. By accessing or using our website and services, you agree to comply with and be bound by the following terms and conditions. Please review them carefully before using our services. If you do not agree to these terms, you should not use our website or services.

2. Eligibility

To be eligible to apply for a loan through FasterLoans UK, you must:

• Be a registered business in the United Kingdom.
• Provide valid proof of business and residential address.
• Be at least 18 years old.
• Hold a valid UK driving license.
• Have an active business bank account with at least three months of bank statements available.

3. Loan Offer

FasterLoans UK offers secured business loans tailored to the financial needs of your business. The following are key details about our loan offers:

• Loan Amount: Up to GBP 20,000 per card machine provided by FasterLoans UK, with a maximum of GBP 60,000 for three machines.
• Interest Rate: A fixed total interest of GBP 6,600 for a loan of GBP 60,000.
• Loan Term: 60 months (5 years).
• Monthly Installment: GBP 1,110.

3.1 Card Machines as Collateral

The card machines provided by FasterLoans UK will act as the collateral for the loan. This means:

• The card machine serves as the guarantor for the loan.
• You will not be charged any rental or monthly fees for the card machine.
• The arrangement is contract-free, providing flexibility to your business.

4. Loan Utilization

The funds obtained from the loan may be used for any legitimate business-related purpose, including but not limited to:

• Expanding inventory.
• Hiring additional staff.
• Renovating business premises.

5. Application Process

To apply for a loan, you must submit the following documents:

• Proof of Business: Any utility bill, business rates, or council tax bill.
• Proof of Home: Any utility bill or council tax bill.
• Driving License: Clear pictures of both the front and back.
• Bank Statement: The last three months of bank statements in PDF format.
• Shop Pictures: Two clear pictures of the shop interior from different angles and two pictures of the shop exterior, clearly showing the trading name.

FasterLoans UK reserves the right to request additional documentation or information if needed to assess the loan application.

6. Loan Repayment

Repayment of the loan will be made in monthly installments as specified in the loan agreement. Late or missed payments may result in additional fees and penalties. Failure to repay the loan may result in the repossession of the card machine(s) provided as collateral.

7. Termination and Breach

FasterLoans UK reserves the right to terminate or modify the loan agreement if the borrower breaches any of the terms and conditions outlined in this document or in the loan agreement.

8. Privacy and Data Protection

We are committed to protecting your privacy. All personal and business information collected during the loan application process will be handled in accordance with our Privacy Policy, which is available on our website.

9. Liability

FasterLoans UK shall not be held liable for any direct, indirect, incidental, or consequential damages arising out of the use or inability to use our services or the website.

10. Changes to Terms

FasterLoans UK reserves the right to modify these terms of service at any time without prior notice. It is your responsibility to review these terms periodically for any changes. Continued use of the website and services following the posting of any changes constitutes acceptance of those changes.

11. Governing Law

These terms of service shall be governed by and construed in accordance with the laws of the United Kingdom. Any disputes arising from these terms shall be subject to the exclusive jurisdiction of the courts of the United Kingdom.

12. Contact Information

If you have any questions or require further clarification regarding these terms, please contact us at:

FasterLoans UK
Phone: 07380927729
Email: info@fasterloansuk.co.uk

By using our services, you acknowledge that you have read, understood, and agree to be bound by these terms of service.