Loans in Peterborough

Secured loan in Peterborough

Live in Peterborough and trying to find a low rate personal loan? if you are having financial problems, a reputable loan broker can help you and you are comcerned about where to get help with you finances.

If you need to raise money fast, a qualified loan adviser can help you get back control of your finances. An unsecured loan can be used to raise finance for essential home improvements, car repairs to get you back on the road or paying off other high rate finance. Personal loans with low interest rates are available for tenants, homeowners or people living with family or renting.

Bad Credit Loans in Peterborough

A bad credit history, such as defaults, CCJs or missed payments does not automatically mean you cannot get a personal loan. You may want to raise finance to pay off other high rate finance quickly to consolidate loans or credit cards

What types of loan are available?

There are different types of loans available on this website:

• Personal Loans Click here to apply
• Also known as Unsecured Loans or Installment Loans, this is a loan in which there is a set number of regular payments. The maximum amount you can borrow is £35,000 over a maximum term of 7 years. This type includes car loans, short term loans and unsecured homeowner loans
• Guarantor Loans Click here to apply
• Bad credit history? Guarantor loans from £1,500 to £12,500. Your Guarantor (parent, family, friend) can be a tenant or homeowner. 39.9% Representative APR. Bad credit accepted, no fees
• Payday Loans Click here to apply
• Usually, payday loans are for a shorter term, often paid back in a single lump sum payment on the borrower's next payday. They have a higher interest rate than a personal loan.
• Secured Loans Click here to apply
• These are secured on your home and are only available to people who own their own property - not to people who are renting or living with family or friends. Secured loans normally have lower interest rates but please read the Important Information section below.

Secured Loans in Peterborough

You need to be very sure that you are able to keep up the repayments with a secured loan as the loan is secured on your property. A secured loan is only available to people who own their own home, so the lender has added security if you fail to keep up the repayments.

Lenders may be more likely to offer a secured loan to someone with a bad credit history as the lender has the added security of your property. This means a secured loan can be cheaper for people with a poor credit record.

You may be able to borrow a larger amount with a secured loan - up to £75,000 depending on the value of your property and your other financial circumstances. The maximum amount for personal loans is £35,000.

Longer terms can mean lower repayments. A secured loan can be taken up to 25 years. The maximum period for an unsecured loan is just 7 years.

Remember that although extending the term would reduce your monthly payments now, they will increase the overall amount you pay back.