Aspire Money Loans Reviews & Information 2022

Borrowing / Bad Credit Loans
Aspire Loans

Are you considering a loan with Aspire Home Finance? Or perhaps you already have one, and you’re looking for further information about the company. Either way, we’ve compiled the most important, in-depth information about Aspire’s loan for you in this loan guide.

About – Who are Aspire Loans?

Aspire Loans is a credit broker in the UK that offers loans of up to £25,000. The company offers personal loans, unsecured loans for bad credit, and unsecured homeowner loans, with a maximum repayment period of five years. Aspire Loans has been in business since 2010 and is regulated by the Financial Conduct Authority.

What are the key features of Aspire’s loan?

It’s important to analyse the key features of a loan carefully before you commit. Here are the critical details of Aspire’s Personal Loan:


Minimum APR: 58%

The APR for the loan is advertised at 58%. This is a best case scenario. Depending on your individual circumstances, the APR could go up.

Loan Amount and Repayment Period

You can borrow between £500 and £25,000.

The loan repayment period can be between 1 – 5 years. 


Here’s the representative example that they give on their website:

Annual Interest Rate (fixed) is 58% p.a. with a Representative 58% APR, based on borrowing £5,000 and repaying this over 36monthly payments. Monthly repayment is £260.26 with a total amount repayable of £9,369.36 which includes the total interest payable of £4,369.36.

Information correct as of 01/04/21 (Aspire)

How do I apply for an Aspire loan?

You can apply for an Aspire loan online or over the phone.

Aspire Loans Loan Review.

Will I be accepted for an Aspire loan? 

Aspire will assess you based on certain criteria. See if you qualify:

  • Age: 18-65
  • Residency: UK resident
  • Homeowner/tenant: You don’t need to own your own home
  • Income: You must have a monthly income of at least £800, and be employed

Information correct as of 01/04/21 (Aspire)

Aspire Home Finance reviews

It’s important to see how other customers have rated their experience with Aspire. Take a look at their up-to-date reviews here.

Feefo Review

Information correct as of 14/06/21 (Feefo)

How to complain about Aspire Money?

Should you need to make a complaint about Aspire, then you can use the details below to either write to them or call them.

Trish Munsami
PO BOX 15799
West Midlands
B93 3GA
+44 2039159995

If Aspire does not respond to your complaint then you should contact the Financial Ombudsman Service. They might be able to handle your complaint.

Information correct as of 01/04/21 (FCA)

Loan interest and charges – knowing the limits

The Financial Conduct Authority felt it was necessary to put price caps in place to prevent borrowers from being faced with excessive charges. These caps included:

  • A 0.8% per day cost cap based on the amount of money you have borrowed. This includes a combination of both interest and fees charged.
  • A default fees cap of £15 – there can can still be interest charged after a default has been issued, but it cannot be more than the 0.8% per original rate.
  • You must not be asked to repay over 100% of the money you have borrowed.

The limits are relevant to the credit agreements with a yearly interest rate of over 100%, and that will be substantially or fully paid back with one year.

There were also additional regulations brought into force in 2017. According to these, the lender has a responsibility to ensure their products are available on a price comparison website. Borrowers should also be given a summary of the cost of their borrowings.

Continuous Payment Authority – what you should know

If you are repaying the debt using a Continuous Payment Authority, you should be aware of the changes that have been paid to this. Previously, the company you have the CPA with, would be able to take the debt payments at a rate they wanted.

The new regulations have gone a long way to improving this situation. There are a different set of rules that lenders must adhere to.

Firstly, they no longer have the right to take money from your account, as and when they wish. Secondly, they are not permitted to take partial payments. If there are insufficient funds in your account when they try to take the payment, they must not take anything. The only way they can take partial payments is if you have given them permission to do so. Otherwise, they cannot just do this off their own back.

Lender Responsibilities

The law states that lenders should:

  • Provide you with options of where to obtain free independent debt advice
  • Offer reasonable time to develop a repayment plan, using a debt advisor if possible.
  • Give you time to repay the debt, while freezing interest and additional charges.

Getting help with your debt

There are many organisations who provide help with your debt. These are some of the most popular organisations, offering free advice and support.

Good luck!

Company information:

After researching Companies House and their website, we found the following information about Aspire Money:

Date of incorporation: 19 December 2007
Company status: Active
Company number: 6457376
Company type: Private limited Company
Address: Unit 1 Castle Court 2, Castlegate Way, Dudley, West Midlands, DY1 4RH
Opening Hours: 
Monday – Thursday: 09:00 A.M. – 7:00 P.M
Friday: 9:00 A.M – 6:00 P.M
Phone number: +442039159995

Information correct as of 01/04/21 (Companies House)

FCA registration:

The Financial Conduct Authority (FCA) is the conduct regulator for financial services firms and financial markets in the UK. 

FCA regulated: Yes
FCA status: Authorised
FCA reference number: 681346
Trading names: 
Aspire Business Loans
Aspire Car Finance
Aspire Commerical Loans
Aspire Compare
Aspire Credit Cards
Aspire Debt Solutions
Aspire Finance
Aspire Financial Review
Aspire Loans
Aspire Mortgages
Aspire Protect
Aspire Review
Aspire Voice
Citrus Loans
Citrus Money
Clearly Credit
Opal Loans
Opal Loans & Mortgages
Opal Loans and Mortgages
Place of business: 
Flanders Drive
Mount Edgecombe
KwaZulu Natal

Information correct as of 01/04/21 (FCA)

Data protection registration:

Data protection registration means that this company is registered with ICO, the UK’s independent authority set up to uphold information rights in the public interest. The privacy of your data will be protected.

Registration No: Z1262766
Data controller: Aspire Money Limited
Unit 1 Castle Court 2
Castlegate Way
West Midlands

Information correct as of 01/04/21 (ICO register)

Where are Aspire located?

You may want to speak with the loan company in person. If you do, it’s important to find a company whose offices are near your own address. Take a look at their office location on a map.

1 Castle Court 2, Dudley DY1 4RH


CONC 2.1 Application

CONC 5.2A Creditworthiness assessment

CONC 13.1 Application


Are you struggling with debt?
Are you struggling with debt?
  • Affordable repayments
  • Reduce pressure from people you owe
  • Stop interest and charges from soaring