1 Month Loan

Company Background

1 Month Loan was created in February 2004 and is an extension of Fortress Group (UK) Ltd.

Website overview

The homepage for 1 Month Loan has a very simple lay out.  There are blue tabs along the top of the homepage which will direct you to the information you require – such as a page containing a breakdown of the loan charges and a Frequently Asked Questions page.
There are buttons you can click on at the top right hand side of the page which will direct you to the 1 Month Loan Facebook page, Twitter and Blog so you can keep connected and up to date with the latest news and information.
To apply for a loan, there is an orange box to the left hand side of the page, which once you have filled out, will direct you to a full application form.

You will find a very quick and easy to use ‘Loan Calculator’ tool which allows you to select the total amount GBP you want to borrow by clicking and dragging a small blue ball along a bar.  Once you have selected the amount you want to borrow, it immediately displays the total charges you will need to pay long with the total amount you will need to repay.

If you are applying for a loan for the first time with 1 Month Loan, you can borrow from £75 up to £250.  If you pay off your loan successfully, you will have the option to borrow a higher amount if you wish to borrow again. This amount will keep increasing after each loan has been paid off in full. The maximum loan amount you are entitled to is based on your monthly ‘take home’ salary.

Loan extension

If you were unable to pay your loan off in full on the agreed date, you do have the option to extend your loan.  You can extend your loan up to 5 times before you will be required to repay at least 10% of the capital loan amount you owe.  If you were to extend your loan again after the 5th time, 10% of the initial amount lent will need to be paid on top of every extension.

Charges and Fees

1 Month Loan charge £30 interest on top of every £100 borrowed. This £30 is standard, so whether you borrow the money over 1 day or 30 days, you will still pay the same interest amount.  If you wanted to receive your loan funds on the same day your loan application is accepted, there is a £25 administration fee.  This £25 fee would be deducted from your loan amount – for example, if you borrowed £100, you would receive £75.  If you were happy to wait up to 2 days to receive your loan funds, there is no administration fee.

Summary

Apply for a loan at www.1monthloan.co.uk
Minimum loan amount is £75
Maximum loan amount is £750
Fee for same day funds is £30
Option available to pay back early

Contact details and company information

Telephone
01284 717810

Registered in England and Wales Company No
05041905

Registered Company Name
Fortress Group (UK) Ltd

Registered Office
Fortress House, Skyliner Way, Bury St Edmunds, Suffolk, IP32 7YA

Consumer Credit Licence No
594425

Vat No
855788071