Personal loans for you, including secured loans and unsecured loans for homeowners and tenants

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Secured Loans Benefits

Secured Loans Definition: "A secured loan is a borrower's obligation that includes the pledging of some form of collateral to protect the lender in case of default." (Source: ASB Online)

What is a secured loan? How do I get one and what should I be looking out for? A brief guide answering all the importatn questions.

Advantages

  • Borrow for a period of up to 25 years
  • Borrow up to £200,000 (unsecured loans are limited to £25,000)
  • More suitable for those with bad credit. Although the borrower may have bad credit, the lender will take the risk on faith as the borrower is putting up the collateral needed to back up the amount borrowed. Many of our lenders will do this even with the worst credit ratings.
  • Borrow up to 125% of your home's value.

Disadvantages

  • There may need to be surveys and other procedures to go through.
  • The lender has the right to take your house if you do not keep up the repayments on your loan.

To apply for a no obligation secured loan (no fees to pay should you cancel), please select from one of the options below and fill out our short secured loans application form in full.

Legal Statements:

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 home owners aged 18 and over and may be secured on property.

OUR TYPICAL, VARIABLE RATE IS 10.9% APR. RATES RANGE FROM 7.25% APR to 27.60% APR

Copyright © 2005 Credit For You.com - Secured loans and unsecured loans even with bad credit.