Promise Loans - payout over £100 for loans

[Chris Garner]

Promise Finance stands out in a confused and cluttered market place. We understand that people can find it difficult to obtain credit and we offer a wide range of personal loan products, even if you have a CCJ, poor credit history we are here to help. Our website is simple to use.

Promise Loans pays a massive 5% of the loan commission – typically for a secured loan this is over £100 and over £10 for an unsecured loan.

[Shane]

nice to see another loan provider on the scene

"typically for a secured loan this is over £100"

The bit that intrigues me is they pay 5% of the loans commission,

can you tell me what the "typical" secured loan value is that would yeild a £100 commission

I am not doubting their payout or integrity so please don't read this post wrong,

I think that it is a bit ambiguous... as the loan amount is not specified that the £100 derives from...is it £30k...£40k or more?based on average industry broker commission rates I can't see how it can any less than this even if they have a hot % broker deal,

I just think that their "typical" may not be an industry wide typical...which of course may be perfectly valid and due to their target market..but I for one would like to know before I send any leads only to find we were on different wavelengths.

Like I said I am not casting any doubt their scheme but I am very curious and I think it is important to clarify their typical value so we can better weigh up the oppotuininty

fanks and good luck

[Luca Brasi]

I agree Shane.

5% of the Loan "commission" is very different to 5% of the loan which would probably be the top whack a broker gets.

So its really 5% of 5% or less (depending on how much the broker is earning). These loans could well be high value if they are debt consolidation.

5% of the commission the broker gets doesnt sound like a great deal to me - after all, we'll be doing the hard work of getting the lead in the first place for a measily 5% of the borkers commission?