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About
Empowering Financial Freedom and Trusted Solutions
HBOS Financial Services Limited provides life, pensions, loans and investment products. The company was incorporated in 1997 as Clerical Medical Investment Group (Holdings) Limited and changed its name to HBOS Financial Services Limited in May, 2003. The company is based in London, United Kingdom. HBOS Financial operates as a subsidiary of HBOS plc.We are committed to helping you achieve your financial goals and dreams. Our loan services are designed to provide you with the support and resources you need to take control of your finances and embark on a path towards prosperity.Our experienced team of financial experts is dedicated to understanding your unique needs and finding the best loan solutions that align with your goals. Whether you're looking to fund a new business venture, consolidate debt, purchase a new home, or cover unexpected expenses, we've got you covered.
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We believe in transparency, and that's why we offer competitive interest rates and flexible repayment options. Our user-friendly loan management platform makes it easy for you to monitor your loan status, make payments, and stay on top of your financial journey.
- Flexible Repayment : Customize your loan with easy payment plans.
- Low-Interest Rates: Enjoy competitive rates for affordable borrowing.
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- No Hidden Fees: Transparent loan terms, no surprises or extras.
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Flexible Repayment : Customize your loan with easy payment plans.
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Low-Interest Rates: Enjoy competitive rates for affordable borrowing.
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Smart Business Loan
Most Elegant5%
Interest Rate- Take Minimum £100,000.00 GBP
- Take Maximum £500,000.00 GBP
- Per Installment 15%
- Installment Interval 30 Days
- Total Installment 7
Small Business Loan
Most Flexible5%
Interest Rate- Take Minimum £100,000.00 GBP
- Take Maximum £500,000.00 GBP
- Per Installment 15%
- Installment Interval 30 Days
- Total Installment 7
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FAQ
Frequently Asked Questions
Our FAQ section is able to answer most of your questions without the need to speak to us directly. It is build from past inquiries and updated regularly
We do not charge any set up fees when you take a personal loan with us.
Once your application has been approved, you will normally receive the money the same day, subject to our working hours. The time that it takes for the cash to be received in your account will depend on your bank’s policies and procedures as well as the amount you have requested. Full terms will be explained when you are directed to a provider.
Our lenders may carry out a soft search on your credit file to match you with the most suitable loan, and they may also carry out a soft search to assess your eligibility for the product you are applying for. These searches will only be visible to you and they will not affect your credit rating, but we lend to people with poor credit history. However, we would only lend to customers that can afford the repayments.
To be eligible for a loan you will need to:
Be a UK Resident, other part of Europe, Asia and America
Be over 18 years old
Be in permanent employment, receiving a pension or disability benefit/living allowance
Have a bank account
Meet the lender's criteria and credit affordability assessment
As a credit broker, our panel of lenders typically offer between £100 to £500.000. This can vary depending on the lender's criteria and your eligibility.
To apply for a loan through our sites, all you need to do is fill out our online application form with your details. Once this has been completed, you will receive an instant decision as to whether you have been accepted by any of the lenders on our panel.
If successful, you will be sent a mail about our terms and conditions, repayment amounts and interest will be disclosed to you. If you are unsuccessful, you may be accepted for an alternative solution product such as a credit reporting facility. You are not obligated to accept any loans or offers, and can decline the offers by simply leaving the page.
We would also recommend that you read our partner's terms and conditions before completing any applications. Warning: Late repayment can cause you serious money problems. For help, go to hbosfs.com
APR stands for Annual Percentage Rate. This is the rate at which someone who borrows money is charged. It is calculated over a twelve-month period and is shown as a percentage. The APR percentage represents the actual yearly cost of the funds over the term of a loan.
Blog Post
Our Latest Blog
03
Aug
How to tell your partner about your debts
Talking to your partner about money can be tricky, and if your financial situation includes debts, it can be even harder.Many couples avoid revealing their debts until they're combining finances or making plans with their partner. But doing this can mean keeping your money worries to yourself for a long time. This can be stressful for you and put strain on your relationship, too.Here are some pointers on how to tell your partner about this side of your financial life.It may not be an easy conversation, so make time to do it properlyDebt can be an emotional topic. So, it's important to allow plenty of time to talk it through with your partner. Find an occasion where you have no plans and no distractions. This will give you as long as you need to talk through your situation and answer any questions your partner has.Remember to protect your privacySharing information like account details and logins is rarely a good idea, even with people you trust completely. Things can change, and if your relationship ends on bad terms in the future, your partner could misuse any information they have access to. Keeping certain things private can help you protect yourself from this kind of situation.Start with the factsIf you're not sure how to open a conversation about your debts, start with the facts:How much you oweWhat kind of debt you have - e.g., credit card debt, or unpaid utility billsWhether you're being chased by creditorsIf you owe a lot, then saying the number out loud can feel daunting. You may be tempted to test the waters with your partner by telling them about some, but not all, of your debts. But this may mean you need to have another conversation about debt in the future, which could lead to them feeling you've been dishonest.Share your plan to get out of debtOnce your partner knows what you owe, the next thing to talk to them about is how you're paying it off. Sharing your plan shows you're taking the situation seriously, which can be reassuring for them. Consider talking about:What approach you're taking to pay off your debts. For example, are you following your own plan or using a debt solution?What help you have, if any. If you've spoken to a debt adviser, then telling your partner this can help them see that you're tackling this in a considered way with help from a professional.How much you've paid off, and how much is left. Sharing your progress can inject some much-needed positivity into the conversation. Even if you still have a long way to go before you're debt-free, it's good to show what you've achieved so far!Take responsibility for your decisions, even if you no longer agree with themTelling your partner how you got into debt can be upsetting. It may mean reliving a difficult period of your life, during which you had to make hard decisions about your finances. But by showing accountability for those decisions, even if looking back you would have done things differently, you're showing your partner you've learned from the situation you were in. And if you've learned from your experience, you may be less likely to repeat it.Explain how your debts affect your partnerYour partner will probably have some questions about your situation. You can get ahead of them by thinking about what they might ask and preparing answers. For example:Talk about the short-term impact of the situation. If you're putting every penny you don't need for essentials towards your debts, you may not be able to afford to do as much. Explaining this to your partner can help you manage their expectations and avoid disappointment.Consider the long-term effects of your debt. Your debts will have a lasting effect on your finances. They could make it difficult for you to borrow money for a number of years, which could affect your plans with your partner. For example, if you want to buy a house together, then only your partner may be able to get a mortgage, which could mean borrowing less and buying a different type of home.Tell them if their finances are affected by your debt. If you have joint accounts with your partner, then your debts could be affecting their credit score because of the financial association between you.Be clear about how they can support you. How they can help is a question your partner may have at the end of this conversation. So think about this ahead of time and tell them how they can support you. This might be accepting that life will be a little different until you've repaid what you owe, or simply cheering you on and helping to keep you motivated to pay off your debt.Know where to find helpTalking to your partner about your debts may make you realise you need help, either with your money or your relationship. You can get free, impartial advice from:StepChange provide free debt advice and access to debt solutions.Citizens Advice advise on all kinds of money topics.Money Wellness can provide free debt advice and help with debt solutions.MoneyHelper has a wealth of information and advice on all sorts of money topics.National Debtline can give you advice and support with all kinds of debt.Relate can help with relationship advice, including how to talk to your partner about money and debt.
03
Aug
Agri-loan, key to farming success
Starting today's article with statistics provided by the Bangladesh Bank.According to IFPRI, 19 percent of farmers take loans from relatives. 15 percent from the landowner, 11.4 percent come from moneylenders and 3.6 percent from various associations and cooperatives. Farmers get the largest share of the loan from the Krishi Bank, which is about 15 percent. Large, medium and small farmers together get 36 percent of the total loan while marginal farmers get about 5 percent. The total percentage of loan all the farmers get is 36 percent. Sharecroppers, the farmers who cultivate other people's land on lease, do not get this loan. As a result, they have to rely on loans from other sources, including NGOs.Small NGOs and associations began to form in the districts and upazilas from the 80s to the early 90s of the last century. Along with other developmental activities, these institutions started a micro-credit programme. Institutions thrive mainly on interest earned from loans. But there is no such change in the farmer I have witnessed. The farmer falls into a debt trap and sometimes carry the burden of prolonged loans that they take from NGOs and local moneylenders. Farmer Rafiqul Islam from Natore, at one of the open-air discussion among farmers and policymakers, popularly known as 'Krishi Budget Krishoker Budget' (Farmers' Voices in Budget, aired on Channel i), said he has never seen any political person become poor while doing politics, but the farmers are not well off doing their profession, which is farming. "We don't have capital, no one thinks about our market, no one talks about us," Rafiqul angrily said. Such anger doesn't only come from Rafiqul, but almost every farmer bears the same agony. Most importantly, the moneylenders expanded their business by capitalizing on the poor state of the farmers and they never want them to get out of this vicious circle of borrowing money from the locally-rich and powerful people.
03
Aug
Dealing with Delinquent Business Loans: Protecting Your Finances and Credit
Closing on a business loan often brings a sense of relief and excitement as you secure the funds to grow your business. However, it’s not uncommon to find yourself overwhelmed after a few months or years, realizing that you’ve taken on more than you can handle. With over one-third of Americans struggling with delinquent debt and the risk of loan defaults, taking immediate action is crucial when you fall behind on loan payments. This article provides essential information on delinquent loans, defaults, and practical strategies to protect yourself and minimize the associated damage.Understanding Delinquent LoansA loan becomes delinquent when you miss a payment, even in just one day. If you miss payments or cannot make them for an extended period (typically 90 to 120 days), the lender may classify the loan as default and initiate collection procedures. Both delinquent loans and defaults have negative implications for your credit. It’s important to note that the timing of your delinquency rarely matters. For example, if your payment is due on February 1 and the lender doesn’t receive it that day, the loan becomes delinquent on February 2.Consequences of Delinquent LoansThe consequences of a delinquent loan depend on your lender’s policies and the terms outlined in the loan agreement. However, there are three typical outcomes:Penalty Rates & Late Fees: Loan agreements often permit lenders to charge late fees after a few days grace period. Some agreements also permit the lender to increase the interest rate on overdue amounts, known as a “penalty rate” or “default rate.” Late fee structures vary among lenders, so it’s essential to understand their specific policies to avoid surprises.Negative Impact on Credit Score: Once you are 30 days late on payments, lenders can report the late payment to credit bureaus. Beyond this period, a late payment can decrease your credit score by nearly 100 points. In addition, poor credit score makes qualifying for future business loans more challenging. Late payments can remain on your credit report for up to seven years, even if you pay the lender after the item is reported.It’s worth noting that this 30-day rule does not apply to business credit reports, as lenders can report late payments to commercial credit bureaus even if you are just one day late.Increased Contact from LendersWhen you have a delinquent loan, expect frequent calls and emails from your lender urging you to make payments. Lenders prioritize collection efforts while the deadline is fresh in your mind. As delinquency continues, it becomes more challenging for lenders to collect the debt.Delinquent Loans vs. Defaulted LoansA loan transitions from delinquency to default when you have an outstanding balance for an extended period specified in the loan agreement. Typically, lenders wait 90 to 120 days before considering a loan as default.How to Identify Defaulted LoansWhen a loan goes into default, the lender will send you a written notice stating that you have breached the loan agreement and must immediately repay the entire loan balance. The lender might also sell or transfer the debt to a collection agency, escalating collection efforts to recover the outstanding balance. If the lender believes they won’t recover the money, they can charge off the loan, removing it from their books. However, you remain responsible for paying the debt.Actions After DefaultThe lender’s subsequent actions depend on whether the loan is secured or unsecured. Secured loans have collateral or personal guarantees backing them, while unsecured loans do not.
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