For secured loans from £5000 to £100000
From 8.2% to 19.9% APR. 15.9% APR Typical
What is a Secured loan?
These are loans that are protected by a property that is already mortgaged and are sometimes referred to as a homeowner loan or as 2nd mortgages. The lender will hold the deeds or title until the loan, interest and applicable fees have been repaid in full. The amount that can be borrowed will depend on your existing loan to value (LTV). This is the percentage of the value of your Mortgage over the current value of your property. Usually if you have a good credit history (prime) then a loan to value of up to 80% will allow you to apply for a second loan. If you have any form of bad credit (sub prime) then the figure will more likely be 60-65%.
Unsecured Homeowner Loans from £500 to £25000
From 14.9% to 29.9% APR. 21.9% APR Typical
What is an Unsecured Homeowner loan?
An unsecured Homeowner loan is one where the borrower must own a home but does not have to secure the property against any loan taken out. Loan decisions are generally made very quickly with this type of loan. Good credit will ensure that the loan application will have a greater chance of success.
Unsecured Loans from £1000 to £13000
From 18.6% to 24.8% APR. 8.6% APR Typical
What is an Unsecured loan?
Unsecured loans do not require the borrower to have property to use as collateral and is not secured against assets. It is therefore important that the lender sees evidence of sufficient earnings and a good credit history to meet regular repayments.
Guarantor Loans up to £3000
From 35.1% to 53.2% APR. 42.6% APR Typical
What are Guarantor loans?
These are personal loans for people who can find someone to stand by the loan and guarantee repayment. They are aimed at people with a poor credit history. The loan will be in the applicants name and if monthly repayments are maintained it will help to slowly rebuild credit worthiness.
