Moneyway Welcome Pack - Procedure Guide - Flipbook - Page 4
Product Guidelines
and Criteria
Product Guidelines and Criteria
Customer Status
Age
21 – 75 (aged 80 by the end of the agreement)
Residency Status
Homeowner or tenant, must have 3 years traceable residency
in the UK.
Driving Licence
Requirement
Must be a full UK driving licence holder.
Employment
• Permanent employment (full or part time)
Status
• Minimum time in job: 3 months. 6 months working on
contract if employed by an agency
• Minimum time if self-employed: 12 months.
• If customer is a director of a LTD company and there are less
than 3 directors (one of which is the customer) the customer
will be classed as self-employed
• In receipt of benefits
• Retired
Finance
Minimum
Advance
• £3,000
Maximum
Advance
• Tiers 0 - 3
£25,000.00
• Tiers 4 – 7
£20,00.00
Agreement
Term
• Minimum 24 months
04
• Maximum 60 months (can have 50 months, 54 months etc.)