Personal loans
Borrow £1,000 - £25,000 over
one to five years
Important information
Churchill Personal Loans are provided by
Fluro is made up of Fluro Capital Limited, who act as the lender, and Fluro Platform Limited who set up and manage your loan. Neither of these are part of our group of companies.
Churchill customers are introduced to Fluro by U K Insurance Business Solutions Limited (UKIBS).
In making this introduction, UKIBS acts as a credit broker and not a lender and will receive commission from Fluro Platform Limited.
Representative example
Loan amount: £7,500, Term: 48 months, Monthly repayment: £220.11, Total payable: £10,565.13,
Arrangement fee: £150.00, Interest rate: 18.20% p.a. (fixed), Representative: 19.5% APR.
Arrangement fee
You’ll pay a non-refundable arrangement fee of no more than £150, calculated as follows:
Loans between £1,000-3,000, you’ll pay 5% of the loan amount (up to £150)
Loans between £3,001-25,000, you’ll pay a fixed amount of £150
This fee, plus interest, is repaid over the lifetime of your loan and is included in the Annual Percentage Rate (APR).
If you choose to settle your loan early (after the 14-day cooling off period), whatever is left to pay on this fee will be included in your settlement figure.
Why consider a Churchill Personal Loan?
16.9% APR Representative.
The rate you may be offered depends on your personal circumstances.
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Know where you stand
Get a no-obligation personalised quote in minutes that won’t affect your credit score now or in the future.
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Get quick access to funds
Fluro will aim to send money to your account within one working day if your loan’s approved.
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You're in control
Get a fixed-rate personal loan from £1,000 to £25,000 over one to five years. Your monthly Direct Debit payments will stay the same until your loan is paid off.
Churchill Personal Loans are provided, arranged and managed by our friends at Fluro.
Are you eligible to apply for a Churchill Personal Loan?
To be eligible to apply you must:
- be aged 18 or over
- be under 75 when the loan term ends
- have been a permanent resident in the UK for over three years
- be employed and earning at least £850 a month after tax
- not have a history of CCJs (County Court Judgements), decrees or bankruptcy
- have a UK bank or building society account that can pay Direct Debits
What is a Personal Loan?
A personal loan is known as an “unsecured loan”, which means it isn't secured against your home, car or other valuables. By choosing this type of loan, you agree to repay the money you borrow in full. You can spread your repayments over a set period of time, with interest charged at an APR (Annual Percentage Rate).
So, if you'd like to consolidate existing debts, buy a car, make some home improvements or plan a holiday, a personal loan could give you the money you need up front, with the flexibility of paying it off over the agreed lending term, for example, one to five years.
How does it work?
1. Get a quote
You’ll need to provide some personal details and information about where you live, your employment and your reason for applying for a Churchill Personal Loan. The Fluro team will then carry out a 'soft search' on your credit file and confirm the quote decision, and what APR you may be offered. This will not affect your credit score. Whether you qualify for a loan or not, you'll receive a response straight away.
2. Apply for your loan
If your quote is provisionally approved, you can apply for your loan. At this stage, Fluro will carry out a 'hard search' on your credit file. Please be aware that this may affect your credit score in the future. If you decide to apply, you'll be asked for your bank or building society details - this is the account the loan money will be paid into, and your Direct Debit repayments will come out of.
3. If your loan is approved
Fluro will aim to pay your Churchill Personal Loan into your account within one working day. Once approved, you can create a Fluro account via the online portal, where you can easily manage your loan.
4. If your loan isn't approved straight away or declined
Sometimes, Fluro will ask you for extra information to process your application. Once received, they'll aim to get back to you with an answer within one working day. If your loan is declined, you'll receive an email explaining some of the possible reasons why your application was turned down.
Find out more
Frequently asked questions
You can borrow money for most things, including:
- A car or vehicle
- Home improvements
- Debt consolidation (i.e. putting any other debts you owe into one monthly payment)
- A special event such as a wedding or holiday
- Any other reasonable purpose
You can receive a no-obligation personalised loan quote without impacting your credit score. If you're happy with your personalised loan quote and apply for a loan, this will leave a footprint on your credit file to let other lenders know you have applied for a loan with Fluro. Having too many recent credit searches registered against your name can affect your credit score and ability to receive credit in the future.
APR (Annual Percentage Rate) is a term used to tell you how much a loan will cost you. It includes all fees and interest that you will pay over the term of your loan. The APR is a helpful way to compare how much a personal loan will cost you compared to other lenders.
Yes, you can cancel your loan agreement anytime within the 14-day cooling-off period without charge. You’ll need to contact Fluro and then repay the money paid into your account within 30 days of your cancellation request and you may be charged any interest due on the credit.
If you wish to cancel your loan agreement after 14 days, you can ask for a loan settlement figure from your Fluro account anytime. Once you've repaid the outstanding balance in full, your loan will be settled. Your settlement figure will include any interest accrued since your last repayment, as well as whatever is left to pay on your arrangement fee..
Yes, if your loan's approved, you can change your monthly repayment date by following the steps set out in your Fluro account or by calling the Fluro customer service team on 0204 525 2102 .
Fluro will adjust the first scheduled repayment on your new repayment date to account for any change in interest due as a result of shortening or extending the term of your loan. Fluro will let you know about any changes to your scheduled repayments before processing your request.
Fluro assesses all borrowers for affordability and creditworthiness, in addition to verifying identities and checking fraud databases. If they decide that the loan you have applied for stretches your finances too thinly or they find that your credit history does not meet the minimum standards, your loan will be declined.
In this case, it may not be possible to explain to you why your loan was declined. Instead, it’s recommended that you complete a personal credit search to make sure your credit history is as strong as possible.