There are so many loan companies, which offer various loan products that the loan market is quite flooded. A loan company has to offer a unique product in order to differentiate itself and stand out. One such company is the Direct Line which offers many financial products, including loans. Direct Line is a financial services company which offers different financial products to the residents of England, Scotland and Wales.
The company provides two types of personal loans, one with payment protection and without payment protection. Direct Line personal loans are provided by Bank of Scotland, which has its headquarters at Glasgow. The advantage is there are no mediators in the direct line loans.
These loans are solely used for personal purposes like buying a car, home improvement or a simple vacation. All you have to do is name the purpose of your loan and Direct Line has a personal loan for you.
The interest rate of your loan or APRs is based on your credit score. It is decided based on the application that you have submitted. You can get a direct line loan amount ranging from £1,000 to £10,000 with a loan term for a maximum of 60 months. You can apply for this loan over the phone or over the internet.
One benefit is the discount they offer with the loans which is 10% off on the car insurance product of Direct Line. This can be availed within 12 months of disbursement. Another benefit is the payment protection. However, you need to be 18 to 70 years of age and employed in the UK in order to be eligible for payment protection. In case of joint loan, the payment protection is available only for the first named applicant.
Any information about Direct Line Loans is available in print, and they also provide support services for people with specific communication requirements. You can avail of Direct Line customer support through phone and email. Any complaint will be thoroughly investigated by a customer advisor, and a reply is given as early as possible.
Direct Line loans are affiliated with the financial ombudsman service. This is a regulatory authority which was set up by the financial services’ authority. Therefore any unresolved complaint of Direct Line Loans is taken to the financial ombudsman service to seek a suitable resolution within 30 days.
Direct line loans are for people in need of money and with regular employment. The payment protection cover and excellent customer support help customers get the best out of their loan.
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