Total Costs
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

Secured Loan Calculator

Why use us?

Immediate decisions and detailed terms - after speaking to your dedicated loan advisor
Rates from 5.99% pa
Loans from £5,000 to £1 million
Fast service
We will find you the best possible secured loan deal
All calls are answered by fully qualified, professional loan advisors
We do not use call centres, telephone queuing systems or chat bots
The best loan option for you will be sourced by an experienced professional

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!”

Apply Now

A secured loan offers flexibility and can be used for almost any purpose:

Debt consolidation
Home improvements
Family holidays

Large number of competitively priced plans that allow for:

Poor credit scores
Missed payments
Mortgage arrears
CCJs
Defaults

We can provide you with a secured loan that has the most competitive interest rate available in the market, based on your personal circumstances.

Secured loans can offer advantages over other types of loans:

Larger loans – Unsecured loans are limited in their loan size, normally up to £15,000 as a maximum with a few lenders offering up to £25,000 and £35,000. Depending on available equity and underwriting, secured loans of over £100,000 are common.
Longer loan terms – Secured loans can be set up over with repayment periods of up to 25 years with most lenders and even a 30 year term is also available. Unsecured loans are often limited with maximum terms of 7 years.
Lower interest rates – Since they are secured against property, there is a much reduced risk of payments being missed, a loan going into default and a lender losing money. Therefore, they don’t have the losses of unsecured lenders, so can afford to charge lower interest rates.
More flexible lending criteria – Unsecured lenders are very careful who they lend to and they try to minimise loan accounts falling into default in the future. Consequently they will tend to turn applicants down who have credit problems, or if they don’t, they will most likely charge a significantly higher interest rate to help cover the added risk. Similar to car insurance who charge higher premiums for people who have claims and driving convictions. Secured lenders have the additional security in case the loan defaults and is called in. Therefore they can afford to be more flexible with their underwriting, and approve applicants that an unsecured lender may decline.

Apply Now

Fees and costs

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.

No upfront fees
No valuation fees
No referencing costs
No legal costs

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

The 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.

IF YOU ARE THINKING OF CONSOLIDATING EXISTING BORROWING YOU SHOULD BE AWARE THAT YOU MAY BE EXTENDING THE TERMS OF THE DEBT AND INCREASING THE TOTAL AMOUNT YOU REPAY

SECURED LOANS ARE SECURED AGAINST YOUR PROPERTY

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

The Personal Finance Centre is a trading style of Key Loans and Mortgages Limited (Company Number 06524192)

Registered Office: The Nook, Saunders Way, Cullompton, Devon, EX15 1BS

Key Loans and Mortgages Limited is authorised and regulated by the Financial Conduct Authority and is entered on the Financial Services Register https://register.fca.org.uk under reference 734892

The Personal Finance Centre are Independent Finance Brokers and not a lender

Main Office Address: The Personal Finance Centre, One Business Village, West Dock Street, Hull, HU3 4HH

Telephone: 01482 968 600

Privacy & Your Rights | Terms and Conditions | Vulnerable Customer Support

Great Company!

"Really helpful staff. Very friendly and efficient. If I could give more stars I would."

Adelle H

Outstanding People

"Always kept in touch during the process to let me know what was goiung on."

Lee D

5 Star

"If I ever need a service they offer in the future I will not hesitate to use them again."

Paul

Excellent Service

"Looked after me well and went above and beyond, would recommend."

Alan R

Loan to Value	%	✓
Affordability	In budget by £10	✓

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