Thank you for using our secured loan calculator
From the information you provided, it certainly looks like we have some options available for you.
Loan to Value | % | ✓ |
Affordability | In budget by £10 | ✓ |
Your illustration allows for: Missed credit payments, 1 CCJ or Default in last 12 months, but no mortgage arrears in last 12 months
Please see below your secured loan illustration:
Loan Amount Loan Amount - This is the net loan amount required that you entered. | £ 0 | |
Loan Term Loan Term - This is the loan term in years that you selected. | Years | |
Interest Rate Interest Rate - This is the annual rate of interest being charged on the loan facility. | % | |
Loan To Value (LTV) Loan To Value (LTV) - Illustrates the amount of equity being used in your home. This is calculated by adding your first charge mortgage and this second charge loan together, then illustrating it as a percentage of the property value. | % | |
Broker Fees () Broker Fees - The broker fee is added to the net loan amount required along with the lender fee below and is then illustrated as the Gross Loan Amount. We charge a broker fee of 10% of the ‘Loan Amount Required’ which is capped at £3,950. | £ 0 | |
Lender Fee Lender Fee - The lender charges a fee which is added to the loan along with the broker fee. Loan Amount + Broker Fee + Lender Fee = Gross Loan Amount. | £ 0 | |
Gross Loan Amount Gross Loan Amount - This is the net loan amount required plus the broker fee and lender fee. This is total loan facility and is the amount that the interest rate is applied to in order to calculate the interest charges. | £ 0 | |
Total to Repay (if full term) Total to Repay - This is the total amount you will pay back if the loan runs its full term and all monthly repayments are made on time. Clearing the loan early will reduce this amount. | £ 0 | |
Interest Only Interest Only - This is the interest only repayment figure. | £ 0 | |
APRC APRC - Stands for Annual Percentage Rate of Charge – It is different to the annual interest rate quoted above because it includes all other costs associated with the loan, for example the broker fee and lender fee. It is an illustration of the real cost of the loan. | % | |
Monthly Repayment Monthly Repayment - This is the monthly repayment amount required based on the loan amount you require, fees and the loan term. This also takes into consideration the credit history, along with the Loan to Value and income details. | £ 0 |
We only have very experienced, expert loan advisors
“Our experienced advisors will take the time to fully understand your requirements along with your own individual circumstances. Then taking into consideration many factors such as your income, equity available in your home, age, credit history, lender’s underwriting and available loan plan, will provide you with details of the best loan options available.”
“Experience of the different lenders is so important. Computer systems and AI just can’t offer this!”
We can provide you with a secured loan that has the most competitive interest rate available in the market, based on your personal circumstances.
We charge a broker fee of up to 10% of the loan advance which is capped at £4,000. We may also receive a commission from the lender. Any fees or commission paid to us will be fully disclosed.
We are only renumerated if you are happy with the loan that we find, and you then take it out.
Over the last 3 months our interest rates have ranged from 6.2% pa pa to 13.4% pa *
The average interest rate that we have provided during this time has been 8.31% pa *
* For loans that we have completed between 1st July 2024 and 30th September 2024
"Really helpful staff. Very friendly and efficient. If I could give more stars I would."
Adelle H"Always kept in touch during the process to let me know what was goiung on."
Lee D"If I ever need a service they offer in the future I will not hesitate to use them again."
Paul"Looked after me well and went above and beyond, would recommend."
Alan RThe Personal Finance Centre is a Finance broker and not a lender.
SECURED LOANS ARE SECURED AGAINST YOUR PROPERTY
THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSES IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.
Initial Borrowing Rates from 6.2% pa. We also have a range of plans with rates up to 17.9% pa (variable), allowing us to help customers with a range of credit problems.
Secured Loan Representative Example: If you borrow £15,000 over 10 years at an annual interest rate of 8.83% you would make 120 payments of £213.72 per month. The total amount repayable will be £25,647.00 (This includes a lender fee of £595 and a broker fee of £1,500 which have been added to the loan). Total charge for credit will be £10,647.00.
Overall cost for comparison is 11.83% APRC representative.
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