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In 1935, Morgan Stanley was founded in New York, and in 1977, they opened its European headquarters in London. Nowadays, Morgan Stanley in the UK has over 5,000 employees, with another 3,000 employees in their other 14 European offices. While Morgan Stanley is a global firm based in the US, they have been offering personal loans in the UK since the fall of 2002. Morgan Stanley is one of the largest financial service providers in the world. They are a global company that deals in three realms of business: Asset Management, Global Wealth Management Group, and International Securities. They provide services to businesses, governments, as well as individuals. Morgan Stanley allows you to borrow between £1,000 - £25,000 if you are a UK resident over the age of 18 and if you have no CCJs (County Court Judgments). You can use such personal loans for any purpose you chose. Your acceptance and the subsequent determination of your APR will be dependent on the results of your credit check and your credit rating. Repayment periods range from 12 months to five years. Funds will be processed usually within five business days of accepting your loan application. Next working day options are available for a fee of £25. Last updated October 2007. This article should not be interpreted as financial advice or as a recommendation by SimplyFinance to use any individual service or to invest with any company advertised or mentioned.
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