Introducer submits an application to FINCO Personal Loans. Turnaround times for indicative approvals by FINCO Personal Loans are generally within 4 hours.

If the application is accepted by FINCO Personal Loans, prior to the loan being formally approved, further supporting documentation may be required, including;

• All appropriate identification and residency details (if applicable).

• A CRA report (in order to minimise the number of enquiries on the client's report).

• Registered valuation, or property improvement quotations.

• All typical supporting information (such as payslips,
  bank statements, and any other validating documentation).

Once formal approval of the loan has been made by FINCO Personal Loans, a formal 'Letter of Approval' is issued to the Introducer. This Letter of Approval is required to be presented to the client for signing of acceptance and to satisfy any conditions.

Upon receipt of the signed Letter of Approval from the client, FINCO Personal Loans will issue loan and security documentation directly to the Broker or if requested by the clients, their nominated Solicitor. (note: as we take care of the security registerations, a solicitor is generally not required therefore reducing the clients cost)

Upon return of the signed documentation, FINCO Personal Loans will arrange the drawdown of the loan.

For property improvements, FINCO Personal Loans will release loan monies direct to the producer/supplier, subject to progress payments and terms & conditions of the contract.