Finance company legit?

[Peabody]

Hi

Anybody hear of a loan company called loanit. I’ve tried to do a bit of research but i can’t find a whole lot about them. It’s for car finance through a garage.

 

[RedOnion]

It's a broker, not a lender.

Loanitt: Irelands no1 Finance Broker - We do all the work

Loanitt makes the process of getting finance simple. Submit an application and our experienced team will do the rest.There are no fees.

loanitt.ie

 

[Peabody]

Thanks
Not for me. My husband. Just wanted to see if the lenders were ok. Didn’t realise it was broker.

 

[RedOnion]

It's likely that they're dealing with specialist HP lenders. These aren't currently regulated by the Central Bank (but there are plans to bring in legislation to change that).
The representative APR they show on website is 9%. It'd be interesting to see what they are actually offering.

 

[Peabody]

I’ll update. Not sure I like the regulation bit.