Representative APR 299% (Variable). Interest Rate 147% Fixed
Representative Example: Amount of credit £1000 for 12 months.
Total amount to be repayable £1957.20. Interest £957.20.
Monthly repayment £163.10.

Welcome to Madison Finance – 6-12 Month Loans Made Easy

Madison Finance’s aim is to provide short term cash to customers with repayments spread over 6 – 12 months, ensuring flexibility and affordability to making life easier. We will facilitate most customers for short term finance subject to them passing relevant affordability tests. We operate a fast process through the use of our sophisticated validation identification software system, which validates your application information. We can help get that required loan to customers provided they have the ability to repay their loan on time.

MADISON FINANCE IS A RESPONSIBLE LENDER

Madison Finance is here to help you find cash for those occasional short term cash flow problems. Just request the amount you want to borrow £100 – £1000, and we aim to have your cash to you as soon as possible. We provide flexibility in helping you cover those short term needs but ensuring you can afford to repay the loan back with your current commitments. We carry out a strict AFFORTABILITY Test’s for all customers.

COLLECTION PRACTICES

We lend to our customers in good faith and we expect the full repayment to make on the agreed repayment date. If you are unable to make the full payment on time it is imperative that the customer informs us in advance. We will promise to be fair to you in such circumstances and will offer you a payment alternative to help keep your credit score unaffected. We will not charge you unreasonable fees for defaulting or harass you if your account is in arrears.  Our collections policy is fair and we will give you adequate time to remedy your default.

NON-PAYMENT AND FINANCIAL IMPLICATIONS

We would like to outline you always need to be sure you can afford to repay a short term loan on the due date before you take out a loan, this will save you a lot of hassle and extra costs. In the event of a default we may refer your loan to our Debt Collections Partner. Please note that we might charge you with other reasonable costs that have incurred as a result of you missing payments and pursuing you for payments due under the loan agreement including our reasonable legal costs.  Please not we might try to collect your loan automatically on a daily basis. We might try and collect your loan automatically in parts until your debt has been recovered.

RENEWAL / EXTENSION POLICY

You are allowed to extend your loan up to three times. You may apply for a loan extension by emailing the accounts team prior to the repayment date at info@madisonfinance.co.uk. Please note to extend your loan you need to pay the outstanding interest and fees of your current loan. All loan extensions are at our discretion and subject to us meeting our responsible lending obligations.