Homeowner Secured Loans - No problem
We offer low rates for good and poor credit, and lend up to £150k, apply today for a decision within 25 minutes on a homeowner loan. Not everyone who applies for a loan with us will be accepted. But we try our highest to accommodate every applicant, even with poor credit. There are a few requirements we need to formally offer you a secured loan on your property. 1 is that you must show an ability to pay the loan repayments within the time space chosen. You have to be employed (PAYE) or self employed, or have a fixed income, be over 21 and from UK (Limited options for Scotland and Ireland). Each case we appraise on its own individual merit, which is good news for you as we are able to permit applicants from nearly any credit environment, as long as you have enough equity within your asset. The personalised APR charged, and our competence to make virtually immediate decisions, are just 2 reasons why thousands each year choose us when looking for secured loans to finance their next move in life.
Interest Rates on your Secured Loan
The public still think finance companies offer static interest rates on secured loans, and you just have to choose the one that’s seems the cheapest. This is certainly not the case anymore in the 21st century. Things have changed considerably, applicants used to seek out the best looking rate advertised in the local village ot towns high st before applying for what they considered was the best looking choice. However its now very different and rates are now presented on a sliding scale that best suits the risk profile of the borrower. So if you have poor credit and low equity your interest rate will be high (in some cases 29%). But if you have a golden credit background and say 40% equity in your house, you will be offered a much better interest rate on a secured loan (maybe only 7% - 8%) The more risk you pose to a lender the higher your interest rate will be. You will find examples in our calculator info section. This is only a guide but is designed to help you understand the repayment and interest process. A tip: the longer period you borrow money over, the more interest is then added, so you actually find the loan can become increasing more expensive longer term, so be careful.
Secured Loans used for Consolidation
Special Rates for homeowners with any credit history considered you will receive a decision in less than 30 mins, and instant online quotes. These options are some of the many services available to you. Unsecured lending can be very high in interest, and in our current financial climate; it’s easy for people to miss some expensive repayments and fall behind with financial obligations. Securing debt using a property as security can reduce your weekly or monthly outgoing by a long way. We are privileged to have helped so many individuals over the past 8 years like Miss Shelby from York reduced her outgoings by £812 p/m, and Mr Smithons from Bexley reduced his monthly payment by £411. Interest rates are always determined by your own circumstantial risk factor and personal profile. But you will discover cheaper than most high street lenders. Try us today, and obtain a free no commitment quote, and maybe you could benefit from reduced monthly obligations too.
Understand our repayment calculator
Our calculator is here for illustration purposes only, its designed to give you a rough idea of how the loan and repayment structure works. Please submit a full application for a personalised quotation based on your current tangible financial position. We take into account your credit profile, current employment position, the equity in your home, and your overall ability to repay the loan. The initial credit search will not show on your credit report, only when you accept and proceed will it show an official search on your file. Once we receive your application, you will be contacted by telephone to run through the rest of your application detail, and to answer any further questions you may have. The underwriter will disclose your monthly repayments, and will then be in a position to email your new loan docs to you for signing.
(example of "Good" history) a loan applicant who is employed full time, with no arrears or CCJ’s, and has a small amount of unsecured debt.
(example of "Average" history) an applicant who is employed or self-employed with accounts, no mortgage arrears but is behind 2 months on a credit card.
(example of "Poor" history) an applicant who is employed or self-employed with no accounts, 2 months mortgage arrears, a CCJ and unmanaged unsecured or secured debt.
In all cases, you must ensure your mortgage plus requested loan amount when added together are less than 85% of the total property value to qualify for a secured loan with us. Please add together (mortgage balance + required loan then subtract from your property value to find your equity percentage)
Jim Teds, Derby
From being riddled with debts after an expensive divorce, I got an affordable secured loan which was life changing. Apple Loans provided outstanding customer service, particularly from the account manager who was very professional throughout, and is a credit to the business. He understood my needs and only suggested products that made a positive difference to my position.
Plus, I was kept informed every step of the way, and the quality of service was brilliant in all areas. I highly commend Apple Loans, because they are a pleasure to deal with from the start, and have a 'can do' helpful attitude which makes the whole experience unpredictably simple and well-organized.
Thanks so much,
Lidia Collins, Milton Keynes
Apple Loans were able to help us secure a loan right from the minute we made our application. As home owners, we needed a one of the many secured loans out there to pay for a new conservatory extension. We had applied through another provider but found that there rates were too high, considering both me and my husband have great credit files, I was a bit lost. From the instant we applied to the minute we got the cash Apple were always there to help lead us through the process. We are very pleased with the overall experience, and would recommend them to anybody and everybody. We now have the conservatory, and we're very pleased we got decent repayments and apr interest.
Kasey Hollingsworth, Devon
We defaulted on another loan 2 years ago, and I found it impossible to get credit. But I found appleloans.co.uk, and was shocked to hear I had been accepted !! We received 2 waves of paperwork in the post to sign, and the whole process was a doodle. Everything was plainly explained to us, and I am now eight months into the loan, and making regular monthly repayments. I'm just so glad I was given the chance to prove myself again. I would recommend Apple Loans to all of my friends and family without hesitation - thanks.
HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE
OR ANY OTHER DEBT SECURED ON IT.