Marbles Loans come from the HFC bank and offer a low-ish APR of 7.8%. You can borrow from £1,000 to £25,000 and repay over a period of 1 to 7 years; payment protection is available for an additional fee. For £25 you can have Marbles loans transfer the money immediately.
About Marbles Loans
Some lenders offer a confusing number of products, but Marbles loans are different: one form, one interest rate and one product. You can borrow from £1,000 to £25,000 and choose repayment periods from one year to seven years, and payment protection is available for an additional fee; the online form is simple enough but you can also apply by phone – and unlike some other lenders, using the phone won't mean you pay a higher interest rate.
Marbles loans currently have an APR of 7.8%, although that's a typical rate – you might be quoted a higher APR depending on your circumstances. For smaller loans the APR increases dramatically: 12.5% for loans between £3,000 and £4,999, and a whopping 15.9% on loans between £1,000 and £2,999 – which is a higher interest rate than some credit cards charge.
There's nothing particularly wrong with Marbles loans, but there's nothing particularly great about the offers either: if you're borrowing a small amount, you'll be able to pay less interest if you spend time shopping around, and if you're borrowing a large amount then you'll be welcomed with open arms by the 6.9% APR brigade.
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