Money Supermarket Loans Alternative

Money Supermarket Loans is a comparison company owned by Simon Nixon which was founded in 1993 as a mortgage listings company. They are owned by MoneySuperMarket Group who also own the following:

• Money SuperMarket – Biggest comparison website in the UK for financial products
• Money Saving Expert – One of the leading websites for Money Saving advice
• Travel Supermarket – One of the biggest travel comparison websites in the UK

This page is about Money Supermarket which offers price comparison services across a variety of products which range from, car and home insurance, mortgages, energy, credit cards, and loans.

Random Facts about Money Supermarket:

• Thirteen million people use Money Supermarkets services each year.
• In 2019, they estimate they helped consumers save £2billion pounds.
• They also own Travel Supermarket and Money Saving Experts.
• 2019 their revenue was a staggering £388.5million

What are the products the Money Supermarket do?

Below is a list of all the product Money Supermarket might be able to help you with:

Car Insurance

Money Supermarket doesn’t offer Car Insurance directly through their company however when you apply via a quote on their website they will run your data through their database to find the cheapest insurance out of the 100s of companies they compare their deals to.

Home Insurance

Home Insurance protects your property’s structure and contents against loss, theft or any damage caused by flooding, fire, storms, subsidence, and escaped water. Depending on your policy, you’ll be able to claim repair or replacement costs for structural damage to your home, and the potential cost of rebuilding your property.

51% of people received a quote of £108.06 or less for buildings and contents insurance from Money Supermarket in September 2020.

Mortgages

A mortgage is a type of loan that a bank or building society lends to you to help you buy a property. The amount of mortgage you need to borrow will depend on the amount you’ve saved up to put towards a deposit for a property, and the amount you still need to reach the purchase price of the property you want to buy.

Money Supermarket is a comparison site, so they don’t offer mortgages directly. They do provide guidance to getting the best mortgage as well as a mortgage calculator on their website.

Credit Cards with Money Supermarket

A credit card lets you borrow money from a bank or building society which you can use to pay for goods or services upfront.

You then pay the money you’ve spent on the credit card on a monthly basis. If you pay back your balance in full each month, you won’t pay any interest on what you borrowed. If you can’t afford to pay the whole balance back, you make monthly repayments, but you will often be charged interest on the outstanding balance.

Again, Money Supermarket is a comparison site so they don’t offer credit cards directly but they find you the best deals using their database when you enter your details on a quote via their website.

Loans with Money Supermarket

Taking out a loan can be a helping hand for your finances when you need it – whether you’re looking to buy a new car, make some home improvements or dealing with existing debts, a personal loan could be right for you.

Money Supermarket is a credit broker so they’ll provide you with the best offers on loans they can find and the chances you have of being approved.

Energy

Money Supermarket claims 51% of customers that applied to switch via Money Supermarket could save at least £286.50 June 2020.

As a Credit broker and compare a wide range of suppliers and deals across the market. They work with over 50 energy suppliers including all the big brands to help you save more on your energy bills.

1^st Class Loans vs Money Supermarket

Money Supermarket is one of the biggest and well-known comparison websites in the UK.

1^st Class Loans is a very small broker compared to Money Supermarket and we specialise in one type of products – Short term loans or as some still call them “payday loans”.

Compared to Moneysupermarket who specialise in several different products.

We use what is called a pingtree, which automatically matches you with a lender, compared to Money Supermarket, who show you a list of all the available products in order starting with the best rates or products at the top of the list.

Please see some of our other loan alternatives here

Quick Links

Quick Loans – Our quick loans service could see you get a loan in as quick as 10 minutes*

£100, £200 & £500 pound loans – These are as they state, £100 loans, £200 loans and £500 loans.

Easy Loans – Loans that are easy to set up. With our multiple question application forms, loan applications haven’t been easier.

Loans for bad credit no guarantor – As it states, these are loans for people with bad credit and don’t have a guarantor to help them.

No credit check loans – As we mention in the page, there aren’t such things as no credit check loan, if you read the page we’ll explain why!