Finding the best finance product for your circumstances can be time consuming and stressful. There are a huge range of banks, building societies and they all offer different products, pricing and lending criteria. Knowing which one to choose can be complicated. In addition you’ll want to be sure that your chosen lender will actually approve your application. It’s fair to say that without expert knowledge the whole process can be complicated, confusing and stressful. Quite simply Loan Expert takes the hassle out of the process to simply help you find the best finance product for you.
Loans
Typically loans are offered for a variable term. This means you can decide how long you want to pay back the loan. Loans are usually offered at a fixed rate of interest. A loan can be used for almost any purpose but they are mainly used for home improvements, car purchases, holidays & debt consolidation.
Unsecured personal loans generally have the best rates (£5,000 - £25,000), but also have the narrowest lending criteria, so that only a minority of those who apply are approved, or receive the rate they applied for.
Secured personal loans are very similar to unsecured loans, but because the loan is secured against your property, you can often borrow greater amounts of money, up to £100,000 in some cases. Secured loans tend to be very popular for debt consolidation. They are also the best type of loans for homeowners who have been refused credit in the past, because additional security in the form of the property has been provided as part of the agreement.
No-one wants to admit to having been refused credit but in fact it is something that is a lot more widespread than you may think.
Fortunately, there are a number of financial institutions which cater specifically for customers who have been refused credit, at rates that are much more favourable than many imagine. Loan Expert can find you a lender that will approve your application and give best rates for your circumstances.