• PERSONAL LOANS

    commercial finance

PFC work with a panel of the UK’s fastest growing personal loan providers to offer their customers fast and flexible access to finance when they need it most.

By using cutting edge online portals, PFC is often able to propose a personal loan and arrange payment to our clients in less than 2 hours. Clients can borrow from as little as £1,000 up to £100,000, unsecured (although larger amounts can sometimes be supported with a charge over property).

The application processes are straight forward, comprising one simple form, and representative APRs start at 7.7%, with repayment terms ranging from  6 months to 5 years.

Although these loans are drawn down in the name of the individual, we have seen a large rise in the number of our business clients using this facility to introduce capital into their businesses.

The flexibility of the personal loans mean that they are not only for homeowners, but available to tenants and individuals who still live with their family.

Some of the more common reasons for the personal loans include:

  • Car/Vehicle
  • Debt Consolidation
  • Legal Costs
  • Medical Bills
  • Pay off Credit Cards
  • Pay off Loans
  • Investments
  • Home improvements
  • Furnishings
  • Holiday
  • Wedding

While business customers often secure them to help with:

  • Working capital
  • Investment
  • New equipment
  • Growth
  • Consolidation
  • Acquisitions

Personal Loan Case Studies

A personal loan offers fast and flexible access to finance when it is needed most. One individual approached PFC looking to extend his property portfolio and needed a loan for use as a deposit on buy-to-let investment and a further extension to refurbish the property. The monies requested were put to PFC’s panel of lenders and the best possible rate secured and money paid into the customer’s account in a matter of hours.

In other cases, we have seen individuals and sole traders wanting to consolidate their debts – whether personal or commercial as a way of saving on interest repayments or to more easily manage their finances.

Some individuals who are progressing with their careers have been given the opportunity to buy into a practice or the funds needed to buy out practice partners. In either case, quick and easy access to finance has helped the accounting partnership to draw down equal amounts to facilitate the buy-out of an existing partner as well as to invest in the businesses.

The list of customers is as extensive as to the reasons why individuals may need a loan. With examples ranging from high street pharmacy employees to teaching assistants, our private individual customers have used the facility to consolidate personal debt, invest in home improvements and purchase cars.

One happy customer wrote to us to share how delighted he was with his loan:

“Jason, I’m genuinely stunned that you have managed to deliver, incredible.

I was hopeful of course, but at the back of my mind I was thinking the chance of hearing ‘the computer says no!’ were still very high. It feels like a turning point, this is a significant moment for me.

Thank you for all your efforts, patience and dogged determination to get my attention and then the follow through. An amazing result, thank you!”

Mr W, Director, Founder & Entrepreneur  – London

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Terms and Conditions

Who we are – PFC Finance and Practice Finance Company are a trading style of The Practice Loan Company PLC. The Practice Loan Company

PLC is a credit broker and arranges finance through a panel of lenders.

Regulation – we are authorised and regulated by the Financial Conduct Authority for the provision of consumer credit activities (FRN 727115).

Please be aware that business and commercial lending falls outside regulated activity and does not provide the same level of protection.

Trading styles – The Practice Loan Company PLC has the following companies as trading styles:

• Professions Practice Finance

• Business Loan Company

• Practice Finance Company (PFC Finance)

• The Personal Loan Company

We are registered at Companies House number 03767146.

Product design – We use a panel of lenders to find our customers the most suitable solution to meet their requirements. Our panel of lenders is representative of the whole market and we will only use lenders who are authorised and regulated by the Financial Conduct Authority.

Marketing and promotions – We hope that you find the information in our promotions informative and useful to you. We review our promotions in line with regulatory requirements to ensure they are clear, fair and not misleading.

Our sales process – is designed to gather information from you to help us find the best lender solution to meet your needs. We gather information to ensure the product is both affordable and suitable for you. All of our account managers are experienced and trained to provide a service in line with our objective to be ‘totally customer focused’ and deliver a service that you will want to come back to us in the future. Currently, between 60% and 70% of customers return to us.

Application process, fees and charges – Throughout the sales process we will endeavor to provide information on our services, the lenders products and all fees and charges. We do not charge fees for arranging your finance; we only receive remuneration from our lenders for introducing you the customer to them. We will always be on hand to provide any guidance or support you need from start to completion of your funding and after your funding has concluded.

Provision of service – The lenders offer will be sent to you with their terms and conditions, please read these documents and if we can be of any assistance in clarifying any points please let us know. Remember you can withdraw from these arrangements at any time until completion and in the case of regulated lending there is a 14 day cooling off period.

Underwriting – The information you provide us helps us to arrange the most suitable products from the lenders criteria. We do need full information because information found by the lender may lead to declines and delays in the process, meaning we need to go to other lenders who may not have such favorable terms.

Monitoring – We continually monitor our business looking at ways to improve the service. This is part of our obligations to put customers at the heart of our proposition.

Culture – We are committed to providing the best possible service to our customers and try to meet your expectations. Sometimes we may fail to achieve the outcomes that you expect, in these cases we have complaints handling procedures in place to investigate and respond in line with regulatory guidelines. Please see the separate complaints handling policy for further information.

Replacement Business – We always endeavour to find a suitable solution to meet your funding needs. In some cases you may want to cancel existing arrangements and replace them with new finance. Please be aware that this may not always be best practice because over the longer term you may pay more interest. In these cases we will bring this to your attention by writing to you and keeping you fully informed.

Correspondence – Trading address and registered address.

The Practice Loan Company PLC trading address is as follows:
5-6 The Mews
Trent Business Centre
Trent Park
Eastern Avenue
Staffordshire
WS 13 6RR

The registered address is as follows:

No5 The Mews
Trent Business Centre
Trent Park
Eastern Avenue
Staffordshire
WS 13 6RR

Complaints

If you wish to register a complaint, please write to or telephone us on

The Practice Loan Company PLC, Unit 5-6 The Mews, Trent Business Centre, Trent Park, Eastern Avenue, Lichfield, Staffordshire, WS13 6RR.

By telephone on: 0800 328 0161

By e-mail on: enquiries@practiceloancompany.co.uk

A summary of our internal complaints handling procedures for the reasonable and prompt handling of complaints is available on the website

or by request and if you cannot settle your complaint with us, you may be entitled to refer it to the Financial Ombudsman Service at

www.financial-ombudsman.org.uk or by contacting them on 0800 023 4 567.