Terms and Conditions
How and when credit will be provided
We will provide the credit to you by way of bank transfer. The Amount of Credit will be transferred to you after we have received the signed agreement from you and have completed our telephone verification checks with you.
Interest will be calculated in advance on a daily basis on the Amount of Credit from the date we arrange the transfer of the Amount of Credit to you and is applied to the account in full at the time the agreement is made. We will charge interest on any repayment or other sums due under this agreement (excluding default charges) which have not been paid by their due date at the interest rate stated in your agreement.
The APR and the total amount payable have been calculated on the assumption that the agreement remains valid for the full term and that we and you fulfil all our obligations to each other under the agreement on the dates specified in the agreement.
The first repayment is payable within 30 days of us transferring the Amount of Credit to you. You must also make monthly payments as detailed in your credit agreement. We will notify you of (a) the date of the first repayment and (b) the date when the monthly instalments are to begin at the time we transfer the Amount of Credit to you. Each monthly instalment is due and payable on the same day of each consecutive calendar month.
Right to Request a Statement
You have the right under Section 77B of the Consumer Credit Act 1974 at anytime during the duration of the agreement to receive, on request, and free of charge, a statement in the form of a table showing: (a) the details of each instalment owing under the agreement; (b) the date on which instalment is due, including the amount and any conditions relating to the payment of the instalment; and (c) a breakdown of each instalment showing how much comprises capital repayment, interest payment and, if applicable any other charges.
Missing payments could have serious consequences. If you fail to make any repayment by its due date then, in addition to any other rights we may have, interest will continue to be charged on the amounts outstanding at the interest rate set out in your agreement. We may also charge you £12 for each declined payment. We may terminate your loan agreement and require you to pay all sums payable under this agreement early. Adverse information may be passed to credit reference agencies, which could impact your credit rating and could also make access to credit more difficult and the cost of credit more expensive for you in the future. We may also bring legal proceedings against you to recover the amounts we are owed, including for example bankruptcy proceedings. If we obtain a judgment against you, we may seek to enforce that judgment for example by obtaining a charging order against your home. If a charging order is obtained we may also seek an order for the sale of your home. Further legal costs, including court costs, may become due as a result of your breach of this agreement.
We will charge you £12 for each declined payment (a payment we have requested by direct debit but which is declined by your bank).
Right to Withdraw
You have the right to withdraw from this agreement without having to give any reason. This right commences on the day after the later of either (a) the day on which the agreement is made or, (b) the date on which we will tell you that we have signed the agreement or (c) the date on which you receive a copy of the executed agreement (if required) and continues for 14 days from that day (the "Withdrawal Period"). To withdraw you must notify us that you intend to do so within the Withdrawal Period. You can do this by telephone or by post.
If you withdraw from this agreement then you will need to repay the credit advanced and pay us interest from the date of this agreement until the credit is repaid at the interest rate. This must be paid without delay and in any event within 30 days of you giving us notice of withdrawal. The amount of interest payable per day is shown in your credit agreement. To withdraw you must notify us that you intend to do so within the Withdrawal Period. You can do this by telephone on 02920 808 688 or by post to Admiral Loans, PO BOX 253 Brecon House, 3 Caerphilly Business Park, Caerphilly, CF83 3GG.
You have the right under section 94 of the Consumer Credit Act 1974 to repay early in full or in part. If you wish to pay any amount early you should contact us at Admiral Loans, PO BOX 253, Brecon House, 3 Caerphilly Business Park, Caerphilly, CF83 3GG, or telephone us on 02920 808 688. We will advise you of the amount that you have to repay the outstanding balance in full, or the impact of paying it in part as the case may be. We will also tell you how you can make the repayment when you contact us.
- Payments must be made by Direct Debit on the payment dates set out in your credit agreement (or the following working day where the requested payment date is not a working day). It is essential that you make all payments in full and on time otherwise you will have to make further payments to us to cover the extra interest which may be charged.
- We can terminate the credit agreement (subject to giving you notice under the Consumer Credit Act 1974) immediately: if you are in breach of the agreement (for example if you fail to make payment of any sums due under this agreement on its due date); if steps are taken for a bankruptcy order to be made against you (or its equivalent in Scotland); if you fail to pay a debt as ordered by the court; if you enter into a debt management plan or voluntary arrangement with your creditors (or their equivalent in Scotland); or if you have given false, inaccurate or misleading information to us in connection with this agreement. On termination, the outstanding balance under this agreement will become immediately due and payable.
- You must notify us in writing within 14 days of the date of any change to your contact details such as your address, telephone number and/or email address. Where you notify us of a change to your contact details, we may use this information in relation to any other products you hold with us and may also update your contact details in relation to those products accordingly.
- We may assign, transfer or otherwise sell some or all of our rights under the credit agreement to any person who is appropriately authorised without your consent. Any assignment, transfer or sale will not prejudice your rights. We will notify you if we exercise our rights under this clause.
- On occasion, we may relax the terms of the credit agreement, for example by giving you more time to pay, but this will not prevent us from strictly enforcing these terms in the future.
- The credit agreement shall be governed by the laws of England and Wales, unless you are resident in Scotland or Northern Ireland, in which case the laws of the country in which you are domiciled in the United Kingdom will apply. Any dispute which arises in relation to the agreement will be dealt with by the courts of England and Wales unless you are resident in Scotland or Northern Ireland, in which case it will be dealt with by the courts of the country in the United Kingdom in which you are resident.
- By entering the credit agreement you consent to us communicating with you and sending you documents (including statutory notices unless otherwise required by law) by SMS, email or by post to the telephone number, email address and/or address that you have given to us. Where we send documents to you as attachments to an email, the email will be sent in an HTML format and the documents will be attached as PDFs which may be charged.
If you have a complaint about this agreement and we are unable to resolve it to your satisfaction, you may be able to refer the matter to the Financial Ombudsman Services (FOS) for independent investigation. FOS can be contacted at Exchange Tower, London E14 9SR or on 0800 023 4567 or online at www.financialombudsman.org.uk.
Credit searches will be made for application purposes, visible on your credit file as financial credit checks, so you can see which companies made enquiries. This has been confirmed by leading credit reference agency Equifax.
Applications you submit for a loan may affect your credit score so you may wish to keep applications to a minimum to protect your credit rating.
If you have any queries about the manner in which your data is processed, please write to: Data Protection Officer, EUI Limited, Tŷ Admiral, David Street, Cardiff CF10 2EH.
EUI Limited is authorised and regulated by the Financial Conduct Authority. Registered in England and Wales Number 2686904. Registered Office: Tŷ Admiral, David Street, Cathays, Cardiff CF10 2EH.
The Financial Conduct Authority of 25 The North Colonnade, London E14 5HS is the supervisory authority under the Consumer Credit Act 1974.