Finance Now offer secured loans from as low as 6.7% (typical APR 11.3% variable). Secured loans are personal loans available to home or property owners only, as you are borrowing against the equity in your home. This means that the lender uses your property as a guarantee that they will get their money if you default on the loan - they use it as collateral.
The main reasons for applying for a secured loan over an unsecured loan is for one of three reasons: firstly you can borrow much more - up to £100k. Secondly, your able to choose longer repayment terms - up to 25 years. Thirdly, secured loans offer a lending avenue for people with bad credit as the lender has 'renewed faith' as you are willing to secure the loan against your home.
With a secured loan we'll look at the value of your property and your existing mortgage and see how much equity you have remaining. This can then be used for a secured loan. Secured loans offer less risk to the lender, as they have a guarantee of repayment, so they are typically happy to consider larger loans, longer repayment terms and lower interest rates! Therefore, they can offer you a great deal compared with a personal or unsecured loan.
Subject to status, you may be able to use some equity in your home or property to borrow funds for whatever purpose you have in mind - and because secured loans are a lower risk for the lender you usually other options (as opposed to a personal loan).
For example, we offer selected loans which may suit your individual needs with:
And if you're self employed, we offer Self Certified loan rates from only 8.9%. Secured loans are not available to tenants, however, so if you are a tenant you'll need to look at an unsecured loan instead.
Contact us today for a competitive quote.
Monthly Repayment & APR rate may vary on your personal circumstances.
OUR TYPICAL, VARIABLE RATE IS 11.3% APR. RATES RANGE FROM 7.4% APR to 27.60% APR THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.
All loans subject to status in the UK to residents aged 18 and over and may be secured on property
Finance Now is a trading style of Click Financial - Bridge House, South Street, Farnham, Surrey GU9 7RS
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