Has the APR increased?

Unfortunately, we have had to increase the interest rates on our loans because the money we are borrowing to lend out to our customers has become more expensive. In other words, the interest FLM are being charged by our banks has increased. This is the first time that FLM Loans have ever had to increase interest rates. We tried to keep this cost down for as long as possible so that is doesn’t affect our customers, but in order to carry on helping as many people as we do, we have now had to pass on some of these costs.

All of our existing loan agreements and applications made before the 27^th June 2011 are not affected and will still be charged at 36%. Despite this increase, FLM Loans are still the cheapest guarantor loans company on the market.