Frequently Asked Questions

Frequently asked questions ( FAQ ) page for Secured Loans UK Online
Welcome to the Secured Loans UK Online frequently asked questions page. Listed below is a selection of questions that our customers frequently ask. Feel free to click on any question of interest in order to obtain the answer. Questions:
- How much can I borrow?
- How long does it take?
- Can I apply if I have been refused elsewhere?
- Can I repay my loan early?
- Why must applicants be home owners?
- Where can I read more information about loans?
- How can I apply for a loan?
- Q: How much can I borrow
- A: With secured loans you can borrow any amount from £7,500 to £100,000 subject to status.
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- Q: How long does it take?
- A: Once we received your application we aim to give you a same day in principle decision for homeowners only.
Your loan can be completed in 14 days but can take longer depending on amount of administration. return to top
- Q: Can I apply if I have been refused elsewhere?
- A: Yes, because we are Independent Brokers we are able to deal with several different lenders to find you the right product.
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- Q: Can I repay my loan early?
- A: You can repay the loan back at anytime. The method of calculating the amount of money required on early redemption will be stated in the loan agreement.
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- Q: Why must applicants for secured loans be home owners?
- A: Applicants for secured loans must be home owners, so that the equity within the property provides collateral against the loan.
The amount you can borrow will depend on the following: 1) Your house value and the amount of mortgage you have already. 2) Your current outgoings including existing credit. 3) Your household’s income. 4) Any adverse credit information registered on your credit file.
These factors will determine the rate of interest that can be offered. return to top
- Q: Where can I read more information about loans?
- A: Click here Articles to read more information about different types of loans and other financial topics.
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- Q: How can I apply for a loan?
- A: Simply, complete the online Loan Application Form for a quick in principle decision.
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