Hitachi Loans Review - Best Companies

Hitachi, which proudly declares, “We are not a bank,” intends to bring the “personal” back into “personal finance.”

Hitachi Loan is well-known for its lending services, including a wide loan selection with low-interest rates and a customer-focused approach. Hitachi is a regular winner of the Your Money UK’s Best Direct Loan Provider award due to its straightforward application process and timely payments.

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To see what all the excitement is about, we’ve put up a Hitachi Loans Review.

Table of Content

1 Hitachi Loans Overview
2 Services Offered By Hitachi Loans
3 Hitachi Loans Contact Details
4 Hitachi Loans Reviews
5 Summary
6 All UK Loan Companies

Hitachi Loans Overview

The Hitachi Group (Hitachi Capital Corporation), founded in 1910, is one of the largest organisations in the world, with goods spanning a wide range of fields and industries. Hitachi Personal Finance is the Hitachi Group’s financial services division with Financial Services Register number 704348.

Hitachi Personal Finance is authorised and regulated by the Financial Conduct Authority. They offer unsecured personal loans with fixed rates that you can use to fund a wedding, a new car, or even home modifications.

They have a variety of lending options, including caravan, campervan, and even boat loans. Unlike many other lender companies, you can pay off your debt early and avoid paying the penalty.

When you apply online with Hitachi Personal Finance, you will receive an immediate decision with no arrangement costs or other hidden fees.

Their loans have a fixed interest rate, which means the amount you pay back to your loan total every month will remain the same. The amount you must set away will not fluctuate, making it easier to manage your monthly payments.

The provider’s interest rate will be determined by how much you want to borrow, how long you want to borrow it for, and your entire financial situation, including your credit score.

While Hitachi, like other lenders, will promote a sample APR on any deal, only 51% of successful applicants must be awarded it. The term of a Hitachi Personal Finance loan might range from two to five years. You’ll also be able to pay early and overdue without incurring any additional fees.

Several factors influence the interest rate you’ll be offered. The amount you wish to borrow, the payback duration, and your personal financial situation, including your borrowing history, are all factors to consider.

If you have a low credit score, it could be greater than the representative APR indicated.

Services Offered By Hitachi Loans

Hitachi Loans offer the following loan services:

Personal Loans
Car Loans
Home Improvement Loans
Small Loans
Leisure Loans

To qualify for a Hitachi Finance personal loan, you must be at least 18 years old, and a permanent UK resident or have lived in the UK for at least a year. You must have a UK bank or building society account, be employed full-time, self-employed, or retired with a pension. In addition, you should have a good credit history.

The approval process includes excellent service to customers, instant decision-making, phone calls, and requests for same-time feedback.

Before you commit to a loan, it’s critical to sift through the major aspects. Here are the important details of Hitachi’s Personal Loan:

Loan Amount and Fees

Unsecured personal loans from £2,500 to £25,000 are available from Hitachi Personal Finance. There are no arrangement fees, over-payments, or hidden costs with this loan, which you can repay over a period of two to five years.

Hitachi’s personal loans can help you reach whatever goal or ambition you have in mind, whether to improve your home or pay for a key life event.

The interest rate on a Hitachi personal loan will vary based on your financial situation and borrowed amount. However, some clients will be able to take advantage of a low 4.1% annual percentage rate (APR) on personal loans between £7,500 and £10,000.

Application Process

Applying for a Hitachi personal loan is simple; you may get a quick, tailored quote on the website and then apply for an immediate decision.

You may also top up an existing loan, but note that the application review will be based on your financial circumstances and credit file (credit rating).

Payment

If your loan application with Hitachi Personal Finance is approved, you might have the money in your bank account in as little as 48 hours.

Your loan payments will be made every month, with the first payment being made one month after you sign your loan agreement. Overpayments and early repayments on your loan are also feasible without charge.

Hitachi Loans Contact Details

Here are some details about Hitachi Loans and some ways to contact them:

Company name: Hitachi Personal Finance
Business address: Hitachi Capital House, Thorpe Road, Staines-upon-Thames, Surrey, TW18 3HP
Website address: http://www.hitachipersonalfinance.co.uk
Phone number: 0844 375 5500

Hitachi Loans Reviews

Here are some Hitachi Personal Finance reviews:

I can’t believe what a fantastic loan I have just got from Hitachi. I had heard that they did loans but never expected them to be so competitive with their rates. That was the first thing that struck me when I saw their profile on the loan comparison website. they were offering rates much better than some of the main high street banks, mine included so I decided to give them a go and see what they came up with in my personalised online quote. I was really impressed with the quote and went straight ahead and applied formally for the loan. That was 3 days ago and this morning I’ve been informed the funds are being transferred to my bank within the next few hours. I can’t believe how simple and quick this whole loan process has been and will definitely use Hitachi again if they can guarantee another great loan like this one. –Don Cleary, Sutton Coldfield

Who knew that Hitachi gave loans? I didn’t and none of my friends did either until I found their name on the loan comparison website Readies. Hitachi only did TVs and stuff as far as I was aware but it seems I was wrong. Not only do they do loans they do really good ones too. My loan has just been finalised and I am waiting patiently now for the money to reach my bank account. Honestly this whole experience couldn’t have been easier and I am so pleased with the terms of this loan that I will definitely be recommending Hitachi to my family and friends. –Siobhan Manning, Colchester

I’ve never been one to conform to stereotypes and the traditional bank loan was never going to be my first choice when I was looking for a personal loan. Thank goodness for the internet which is my go to first whenever I am looking for certain things. Finding Hitachi was a real coup for me because I didn’t realise they did loans until I found them on the loan comparison website. The chance of getting a personal loan from them appealed to my non conformist nature and so I went ahead and applied. Hitachi were advertising really good rates so that was the first good point. Being able to apply and complete the whole loan application online was another great aspect and it really couldn’t have been made any easier for anyone with a modicum of computer skills. In the end I didn’t get the APR of 4.1% that I was hoping for but I am still really happy with the final agreement Hitachi have set up for me. I shall definitely be recommending Hitachi to my fellow non conformist friends or anyone who’s just looking for a really convenient and competitive loan for that matter. –Lawrence Ashcroft, Enfield

Summary

To summarise this Hitachi Loans Review, the Hitachi Personal Finance Personal Loan has an APR of 3.2% on loans ranging from £7,500 to £25,000. Hitachi offers a loan with payback durations ranging from two to five years, and applicants can borrow between £1,000 and £25,000.

Hitachi personal loans have a fixed rate, which means your monthly payback amount won’t alter over the course of the loan, and you’ll know how much the loan will cost you altogether upfront.

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