Lombard Direct
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Lombard Direct is a provider of loans to the customer of England, Scotland, and Wales. It is a part of the Royal Bank of Scotland Group, and was established in 1995—thus marking the start of a new business market of providers of direct loans in the UK. The 2005 Your Money Award for Joint Best Online Personal Loan Provider was bagged by Lombard Direct, and thus delivering the image of its parent bank, which is the second best bank in the UK! The company is located in Middlesex and their registered office is situated in Edinburgh.
The company is in business of direct loans for more than 10 years, and there are many financial products that are offered to the customers.
Loans provided by Lombard Direct
The loans provided by Lombard Direct are only personal loans—they are not for business or investment purposes. The interest rate and the time period of repayment depend upon on the amount of loan that you are looking to borrow, and also on your ability to repay the loan.
Lombard Direct also offers early settlement facility of the loan amount; however, they charge one month’s interest on early repayment—it is best to study their details about early settlement issues. If you choose to opt for Payment Protection, the company does provide this offer for accidental death, unemployment, and serious illness; however, they have some condition about the starting of the protection, which needed to be checked before you opt for one!
The loans provided by Lombard Direct are unsecured, and therefore, well suited for people who are not homeowners. However, if your mind changes and you do not want to avail the loan, you can cancel it within 15 days of issuing, and Lombard Direct does not charge a fee for it—the company believes in offering compatible services to its customers, and they have succeeded in it, thus far!
