Finio Loans Review

Finio Loans offers a digital, fast and transparent borrowing option for UK individuals—particularly those with modest or challenged credit histories.

Finio Loans, a brand provided by Oakbrook Finance, offers a straightforward and transparent lending solution in the UK. Positioned as a reformulated successor to Likely Loans, Finio aims to deliver predictable borrowing experiences—using modern underwriting, clear terms, and support tailored to individuals across a range of credit profiles.

This page serves as a comprehensive guide to Finio’s personal loan offering. It explains why a Finio loan may be suitable, outlines important considerations before applying, and explains the end‑to‑end application process. 

Transparent, Fast and Accessible Lending for UK Consumers

By offering a soft credit check quote upfront and proposing fixed repayment terms, Finio strives to empower borrowers with confidence and clarity. The goal is to demystify borrowing and help consumers make informed financial choices.

Finio’s digital-first model offers speed and convenience. Borrowers receive a loan decision typically within 24 hours, and funds are often paid out on the same working day if approved before the provider’s cutoff time. With a fixed APR structure, inclusive fee model, and no early settlement charges, Finio seeks to provide an efficient and reliable borrowing path—especially for consumers who may have encountered rejection from mainstream lenders.

Why Consider a Finio Loan?

A Finio loan may be appropriate for UK individuals seeking:

• Access for Applicants with Impaired Credit: Finio considers customers with fair or poor credit scores and may approve applicants who have previously been declined elsewhere.
  
• Fast Decision and Payout: Borrowers often receive a credit decision within 24 hours, and funds may be transferred the same day if approved early enough finder.com.
  
• Soft Credit Check Quote: Initial eligibility is assessed via a soft search, which offers a personalised quote without affecting the borrower’s credit record.
  
• Inclusive Fee Structure: A single loan fee is rolled into the principal—no upfront charges. Finio does not impose early repayment fees under standard terms.
  

What to Know Before You Apply

Essential information before applying with Finio includes:

• Loan Amount and Term Limits: Borrowers can request between £500 and £5,000, with repayment terms ranging between one and three years.
  
• Representative APR Range: The representative APR is 39.9% fixed for most applicants. Dependent on individual credit assessment, rates may vary up to around 69.9%.
  
• Eligibility Criteria: Applicants must be aged between 18 and 73, live in the UK, hold a UK bank account, and demonstrate ability to afford the monthly repayments.
  
• Credit and Affordability Screening: A soft credit search is used for the initial quote. If the application proceeds, a hard search is carried out and affordability is assessed based on income and expenses.
  
• No Penalty for Early Repayment: Finio does not charge penalties for settlement before the agreed term. Interest may be charged up to a short period after settlement in line with regulatory guidelines.

How to Apply for a Loan

Finio’s application process is entirely online and designed for simplicity:

1. Request a Personalised Quote: The borrower enters basic details including desired loan amount, income and identity information. A soft search generates a tailored quote.
   
2. Review the Offer: The quote shows the amount, term, APR, and estimated repayments. It is provided without impacting the credit file and gives the borrower time to decide.
   
3. Complete the Full Application: If the borrower chooses to proceed, a full application with additional details is submitted along with any necessary documentation.
   
4. Undergo Final Assessment: A hard credit search is conducted, and affordability is confirmed before final approval and personal APR is issued.
   
5. Sign the Loan Agreement: Approved borrowers electronically sign the agreement, confirming acceptance of the loan terms.
   
6. Receive the Funds: Funds are typically transferred to the borrower’s UK bank account the same day if approved before the daily cutoff, or otherwise by the next working day.

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