First time customers can borrow up to £200. Once this has been succesfully repaid, the loan limit will be increased. The maximum amount available is £1000. These figures are quite usual among brokers, however if you are a first time customer and wish to borrow more than £200, there are alternative brokers who do not have this limit.
Swift Sterling charges a flat fee ranging from £21.98 to £29.98 for each £100 you borrow (refer to their rates table for more specific information). This also means that their representative APR can vary from 939.14% to 2096.46%. If this seems too complicated, there are other brokers with more straightforward fees.
SwiftSterling.co.uk is operated by a UK company called Northway Broker Limited.
For the convenience of their customers, Swift Sterling have a secure online application form in order to ensure the safety of the personal details provided.
They do not appear to offer same day transfer of funds as on their website they post that “customers should have access to the funds as early as the following day.”
They do not specify whether any credit checks are performed.
Getting a loan using Swift Sterling is a fax-less procedure.
In order to qualify for a loan with them, customers must be regularly employed and take home at least £333.50 per pay period.
Applicants are required to have a debit card.
Swift Sterling promises that their customers will never be surprised with hidden costs.