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Who can apply for a loan?

You need to be UK resident over 18 and receive over £100 per week (or monthly equivalent) from either a salary or means tested benefit.

Are your loans secured or unsecured?

Our personal loans are unsecured, you do not have to be a homeowner or provide security in order to apply for a loan with Adage credit

What if I have a bad credit history?

In Adage Credit, credit checks are undertaken to enable Know Your Client by starting by identity and address verification manual:

– Proof of name (passport or driving license)
– Proof of address (tenancy agreement or utility bill)
– Proof of income (payslips or benefit letters)
– Bank statements (from the most recent 3 months)
If the manual verification is not satisfactory then we can proceed to the credit checks from the Agency. Our in-house software NOSCO Systems has a credit checks option CallCredit. We do use CallCredit to undertake any verification needed.
The undertaken search will enable us to:

  • Check if potential client is creditworthy
  • Checking out new client
  • Look at client credit reports
  • Monitor our clients
  • Data sharing
How much can I borrow?

You can borrow up to £300 for the first time and in between £100 to £1000 thereafter depending on your circumstances. A member of our experienced team will discuss your finances and help to create the best repayment plan for you.

Do you charge fees?

A flat fee is charge for the origination of every loan; usually £15 of administration which is carried over the life of the loan. This is applied only for loans over £200

Default or Missing payments: If you do not make the required payment by the due date or have default a late payment or a default fee will not be charged as Adage credit do not charge a late or default penalty fee.

Details ofdefault, missed or late payments may be recorded at credit reference agencies which may make it more difficult for you to obtain credit in the future.

What is the term of the loan?

Our loans are usually between 4 to 52 weeks

When do I get the money?

Once your loan is approved we will transfer the funds into your bank account, this is usually completed the same day.

How do I repay the loan?

The repayments are taken via Direct Debit either weekly, Fortnightly, Four-Weekly or Monthly to suit your needs. If you do not have a Bank account we can help you to open one.

Can I clear the loan before the scheduled term?

Yes, you can make lump sum payments or clear the balance any time, we will only charge you interest up until the day you clear your loan.

Can I borrow more in the future?

If you make the agreed repayments and keep your account in order you are welcome to apply for repeat finance with us. 

How are you cheaper than other loan companies?

We are not-for profit organisation here to provide a competitive alternative to other lenders. We do not have any shareholders and we not pay any dividends, therefore any profits we make is put back into our company and improving our products and services.

How do I apply?

Call us on 020 7733 2293 and you can speak to a member of our experienced team, we are more than happy to help.

How To Apply?

  1. CALL Adage credit TODAY

    To book your appointment with our Loan Manager, once booked we will need to see certain documents.

  2. Meet your Loan Manager (Face-to-face meeting)

    One of our loan Managers will sit with you to discuss your loan and fill in application.

  3. Get your loan

    If approved we will release the funds directly into your designated bank account

  4. Repay your loan

    Repayments are collected either on Weekly, Fortnightly, Four-Weekly or Monthly basis via Direct Debit from your bank account.

APR Representative example:

£200 Loan repayable over 24 week;
24 weekly payments of £13.33;
Rate of interest 86.7% p.a. fixed;
Representative 731.7.6% APR;
Total amount payable is £320