Rating based on 50 reviews

Debt consolidation offered by Citrus Loans

Updated

  • Low-interest starting from 9.9%
  • Debt consolidation up to £25,000
  • Repayment up to 5 years

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Citrus Loans homepage

Author Citrus Loans. Screenshot of Citrus Loans website. [Accessed April 25, 2020]

About Citrus Loans

Citrus Loans is not a lender but a Credit Broker. We do not offer loans ourselves but submit your loan application on your behalf to many different lenders.

We are trading under the name of Aspire Money Limited and were established in 2010. At the heart of our business is customer service. We believe in responsible lending and are regulated by the Financial Conduct Authority and registered with the Consumer Credit Trade Association.

We never charge you

At Citrus Loans we will never charge our customers for using our free service. If you decide to accept a personal loan option from one of the lenders on our panel, the lender will pay us an introductory commission.

Our lenders offer unique, tailor-made solutions for all your loan requirements. Thousands of applications are processed every week. We pride ourselves in assistance to our customers to find a loan solution.

Helping customers is our mission

With the fast application process and smooth user journey we offer, we have helped thousands of happy customers. When you apply for a loan from Citrus Loans, you can be assured you will receive first-class customer and business service.

Giving our customers the best borrowing experience is our focus. Our customer service is rated as excellent on Feefo and TrustPilot, the UK’s leading customer rating agencies.

Citrus Loans Services

Our easy to use application form and the quick response time help to support and promote our excellent service rating. We can provide you with loan options available as soon as you provide us with some basic information.

Since we work directly with long term lenders they can give a loan assessment in seconds. According to the information you provide in your initial application, you will be presented with a loan offer from the lenders.

Credit broker rather than a lender

If you apply directly to lenders for a loan, it will leave footprints on your credit report. Because Citrus Loans utilize the "soft search" functionality so source loan options for you, it will not affect your credit rating.

We are here to do the legwork for you by assessing your profile against our panel of lenders. When you decide to proceed with the loan from your choice of lender, a full credit search will be recorded on your credit profile.

Credit options

At Citrus Loans we have a panel of lenders that offer unsecured loans from £2,000 to £25,000 over terms between one to five years. With an unsecured loan, the borrower's creditworthiness is the sole requirement and security for the loan.

The loan is not secured against an asset like a house or a car. Since there is no collateral attached to an unsecured loan it may incur a higher APR than a secured loan. The amount you can borrow will be determined by your circumstances, offering a personalized financial solution.

Citrus Loans Product Details

  • Loan Type Debt consolidation
  • Interest Rate from 9.9%
  • Loan Amount up to £25,000
  • Repayment 1 year to 5 years

Summary of Services

  • free loan comparison service
  • One application, multiple quotes
  • Applying for a loan won't affect your credit score

Our panel of lenders is there to assist you with a debt consolidation loan

 The qualifying criteria differ from one lender to another, but there are basic requirements that you need to meet to apply for a loan.

The minimum requirements are as follow:

  • You must be at least 23 years of age or older. Some lenders have an upper age limit of 75 years.
  • You need to be on the electoral register and currently reside in the UK.
  • We will need proof of employment with a minimum annual income of no less than £15,000.
  • We can assist individuals with an excellent credit rating, no Criminal Court Judgements, missed credit card payments or other credit defaults.

Should you not meet the above requirements, our sister company, Aspire Money, may be able to assist and we will assist you to find a solution that meets your requirements.

The timeframe of a loan application

Once you complete the application form through our website, your application will be submitted to the lenders on our panel. We may need to call you to clarify some details before submitting your application, but once all information is in place you, will be provided with a quick decision.

You will receive an offer from one of the lenders on our panel. You are under no obligation to accept the offer. The time it takes to receive the money in your account once you accepted the loan offer, will depend on the lender providing the loan. The loan will be paid into your account within 48 hours to 72 hours.

Using an unsecured loan for debt consolidation

At Citrus Loans we understand that having to pay multiple accounts and loans every month can become overwhelming. It often results in extra stress and a monthly juggle to keep abreast.

By using our unsecured loans for debt consolidation you can pay one single loan instead of multiple accounts. This makes it much easier to handle your monthly finances as you will know exactly what you owe and how much you need to pay. A debt consolidation loan may even leave you with more cash at the end of the month as it can decrease your monthly debt.

Customer Reviews & Testimonials

August 2019

Professional but friendly service and quick finance.

D Preston
— Newbury —

October 2019

First time I needed a loan and pleasantly surprised how easy it was.

C Lewis
— Hetton —

Citrus Loans Contact Details

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