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Frequently Asked Questions

Frequently asked questions page for Loans UK Online

Frequently asked questions ( FAQ ) page for Loans UK Online

Loans Uk Online find flexible, low interest, low cost secured loans for UK homeowners. We co-operate closely with selected, reputable UK institutional money lenders to offer you the best loan deals available for your individual needs.

Welcome to our 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:
  1. How much can I borrow?
  2. Over what period can I repay loans?
  3. Will I have to pay any fees upfront?
  4. How long does it take?
  5. Can I apply if I have been refused elsewhere?
  6. What if I am made redundant?
  7. Can I repay my loan early?
  8. Why must applicants be home owners?
  9. Where can I read more information about loans?
  10. How can I apply for a loan?
  1. Q: How much can I borrow
    1. A: With secured loans you can borrow any amount from £7,500 to £100,000 subject to status.
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  2. Q: Over what period can I repay loans?
    1. A: Loans can be repaid over 5 to 25 years.
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  3. Q: Will I have to pay any fees upfront?
    1. A: No. Any secured loan broker that asks you for upfront fees is not a reputable broker. In some cases, for example if you have poor credit, we may charge a fee which will be added to the loan - but we will tell you about this when we give you your quote.
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  4. Q: How long does it take?
    1. 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.
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  5. Q: Can I apply if I have been refused elsewhere?
    1. 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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  6. Q: What if I am made redundant?
    1. A: You can take out insurance against loss of earnings through sickness, injury or redundancy and it will be built into your monthly repayment figure.
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  7. Q: Can I repay my loan early?
    1. 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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  8. Q: Why must applicants for secured loans be home owners?
    1. 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.
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  9. Q: Where can I read more information about loans?
    1. A: Click here Articles  to read more information about different types of loans and other financial topics.
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  10. Q: How can I apply for a loan?
    1. A: Simply, complete the online Loan Application Form for a quick in principle decision.
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Secured Loans:- Typical 13.5% APR Variable. Our rates vary from 7.9% APR Variable to 19.9% APR Variable. Unsecured Loans:- Typical 19.9% APR Variable. Our rates vary from 7.4% APR Variable to 41% APR Variable.The highest rate is for customers with severe credit problems. All loans are subject to status.

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.

We are licensed credit brokers - We are duly registered with the Data Protection Act, 1998, the Consumer Credit Act, 1974 and FISA registered.

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WHAT CLIENTS SAY

'The whole process was made so easy for us. Great service.'
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