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Home Improvement Loans
What are the pros and cons of secured loans?
A secured loan or homeowner loan can be a great option for your borrowing needs. They use your property as security against the loan amount you are looking to receive. A secured loan offers flexibility and can be used for almost any purpose. Secured loans can offer advantages over other types of loans where you may not fit the customer profile to meet the lending criteria.
If you need a finance option with competitive rates and repayments, using your property as equity can give you access to lower rates than traditional loans. Keeping up payments is important though, as your property could be at risk should you fail to meet the terms of your agreement.
Why Choose The Personal Finance Centre?
- They will find you the right loan without impacting your credit rating
- They do the hard work for you by comparing lenders to find you the right product
- Personalised service where you speak to a real person who will guide you every step of the way.
- They talk your language and remove any complicated jargon. With many years experience they understand all of the loans on offer and how to match them to your personal circumstance.
Secured Loans FAQs
Who are The Personal Finance Centre?
At The Personal Finance Centre, they do the hard work so that you don’t have to! You can relax while their experts find you the right loan from their large panel of lenders. You will receive a dedicated adviser who will be with you every step of the way. They will answer any questions you might have all the way up to receiving the funds into your bank account.
Where to Get a Personal Loan?
One of the safest places to get a loan is here, on our site. The reason is that each of our lenders appears on the financial services register. This means they are regulated and authorized by the FCA.
In addition, we believe our site is one of the best comparison sites around. Our goal is to help you find and compare the most affordable personal loans available, no matter your situation. We can also let you know which lenders will accept your application before you even apply. What does this mean for you? You have a better chance of being approved and receiving a loan.
The quotes offered on our site are free, and we go the extra mile to protecting your personal data. Plus, you are under no obligation to complete the application. Your credit profile will only be soft checked, as part of the application process. Only once you have chosen to finalise the application with a direct lender will you undergo a full credit check.
Tips to Be Accepted for a personal loan:
1). Choose the amount you would like to borrow.
2). Choose the length of the loan (the time you would like to pay the loan back)
3). Click the “Get Accepted” button
4). Fill out the form, which is completely secure and only takes a couple of minutes to complete. The key here is to be as accurate as possible with all income and outgoings.
5). Wait while we securely send your data to our carefully chosen lenders—this may take about one minute.
6). After this, the lenders will send back their responses. We will show you the results, which are in order from the cheapest product you are accepted for.
7). Choose the lender you would like.
8). Complete your application with the lender. Wait for their decision. If your application is accepted, the funds will be deposited into your bank account.
That is all there is to it! We have worked hard to make sure this process is as easy and painless as possible.
- 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.
- MISSING PAYMENTS WILL HAVE SEVERE CONSEQUENCES AND MAY MAKE OBTAINING CREDIT MORE DIFFICULT IN THE FUTURE.
- IF YOU ARE THINKING OF CONSOLIDATING EXISTING BORROWING, YOU SHOULD BE AWARE THAT YOU MAY BE EXTENDING THE TERM OF THE DEBT AND INCREASING THE TOTAL AMOUNT YOU REPAY.
Mymoneycomparison.com has partnered with The Personal Finance Centre Limited to provide you with this service. If you would like more information about The Personal Finance Centre Limited, or how your data will be used, please click on the links below. The Personal Finance Centre Limited are a broker and not a lender. Your initial consultation and any quotations provided are free and you are under no obligation to proceed with any options that may be available to you. If you choose to go ahead with a loan product a fee may become chargeable but these will be clearly outlined during the process. The Personal Finance Centre Limited is authorised and regulated by the Financial Conduct Authority with the reference number 788011. It is a registered company in England and Wales. Its registered office is at 2 Estuary Business Park, Henry Boot Way, Hull, HU4 7DY. Company Registration Number: 08687040. They are authorised by the Information Commissioner (Data Protection No. ZA242735). We recommend that you read their Privacy & Your Rights – The Personal Finance Centre and their Terms & Conditions – The Personal Finance Centre.
Get a Secured Loans Quote Today
✔ Borrow from £7500 to £250000+ ✔ Up to 125% Loan to Value ✔ 1 year to 30 year term ✔ Rates from 3.3%