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Article About Beneficial Finance

Beneficial Finance is a part of the HSBC group, one of the world’s biggest banks. Its main headquarters is based out of Windsor in the county of Berkshire but Beneficial Finance also has offices throughout England, Scotland, Ireland and Wales.

Beneficial Finance currently serves over three million United Kingdom customers, making it one of the UK’s biggest consumer finance businesses. Its services are provided through retailers such as B&Q, Currys, Dixons, Furniture Village and PC World. Beneficial Finance also has a large e-commerce presence..

The parent bank of Beneficial Finance was established in 1973 as the British arm of Household International, Inc. This was one the biggest independent consumer firms in the United States. In 1998, the HC Bank merged with Beneficial Bank to become Beneficial Finance. This expanded Beneficial's market presence and improved its growth. In 2003, Beneficial Finance became part of the HSBC Group. The company now offers two main services: loans; and insurance products.

Beneficial Finance Loans

All Beneficial Finance loans that is requested should always be thought out properly to ensure that the borrower can repay their loan without difficulty. Beneficial Finance offers three types of personal loans(personal loans are loans for individuals and not businesses). Amounts between £1,000 and £15,000 pounds may be borrowed and repaid over a 1 to 7 year loan period. Beneficial Finance loans come with a fixed interest rate.

Beneficial Finance Flexible Loan

The Beneficial Finance flexible loan is for amounts between £500 and £5,000. It comes with its own MasterCard that the money is loaded onto and repayments on the card loan can be made as with any normal credit card.

Beneficial Finance Homeowner Loan

The Beneficial Finance homeowner loan is for amounts between £15,000 and £75,000 and your home is used for security. The current interest on this type of Beneficial loan is 10.9%APR, which is of course always subject to change. With this Beneficial Finance loan, borrowers will receive 25% of the interest back for every five years the loan is open.

Each Beneficial Finance loan has different restrictions and it is advised that the borrower contact Beneficial for more information.

Beneficial Finance Loans Insurance

The other service Beneficial Finance provides to its customers is insurance. Beneficial offers insurance coverage that protects and pays any Beneficial loan if for some reason the borrower is temporarily unable to. Beneficial also offers accident coverage insurance, so if the borrower becomes permanently disabled due to an accident, the insurance will pay out a lump sum to the borrower to ensure that their family is covered. Beneficial Finance also offers home and auto insurance thanks to their partnership with HSBC.

Loan-Seeker.co.uk and Beneficial Finance

Loan Seeker and Beneficial Finance are not affiliated in any form. Loan Seeker is not affiliated to or with Beneficial Finance and does not specifically introduce people to Beneficial Finance loans or Beneficial insurance products. Loan Seeker is not employed by or on behalf of Beneficial Finance and nor does it carry out activities on behalf of Beneficial Finance. However, Loan Seeker reserves the right to introduce visitors to this website to Beneficial Finance loan products should a future situatation arise whereby this would be possible. Such loan products might be:

Loan-Seeker is an introducer of financial products such as loans, mortgages and remortgages. Loan-Seeker promotes several UK lenders as an independent organisation. As is the case with many large lenders Beneficial Finance might only ever offer you Beneficial Finance loan products from the HSBC lender panel, so you may not find the cheapest loans on the UK market. If though you specifically need a Beneficial loan, please visit Beneficial's website at: www.beneficialfinance.co.uk.