Secured Loan Benefits (14.5% APR typical variable)

A secured loan means that the borrower must provide the lender with form of security; this is often an asset of value such as your property. The lender holds the rights to the asset until the secured loan has been fully repaid.

Before you decide to go ahead with a secured loan application, it is essential that you are aware of the secured loan implications and benefits.

Secured Loan Benefits:

• It allows homeowners a more affordable loan in comparison to some unsecured loans.
• Consolidate unsecured debt with the secured loan.
• Borrow a larger sum of money in comparison to an unsecured loan.
• Longer repayment period.
• Even if you have a bad credit rating you could still get your secured loan application accepted, although the interest rate may be higher than those with a good credit rating.

For further information about the potential secured loan benefits, contact one of our Loan Application advisors today on freephone 0800 980 4256. They will be more than happy to discuss your secured loan application options.