- Your loan APR is tailored and personalised to you based on a number of factors like your credit status, loan to value, job status and loan amount required. So clean status applicants can be offered a low APR,and applicants who have a blemished credit history may still get a loan, albeit at a higher APR.
- We won't perform a hard credit search (which will register on your credit file) unless you are actually accepted and you proceed with a loan. At application stage we perform a SOFT SEARCH meaning this will not affect your credit profile.
- Many other lenders will ask you to pay for the valuation costs required when applying for a secured loan. We have to ensure your property has enough equity to secure your loan, and this is only possible by employing a valuation surveyor, but don't worry - there are no upfront fees.
- Once your loan is accepted, you will be sent 2 sets of paperwork. As long as these are signed and returned quickly with the relevant proofs of id, we could have your loan paid into your bank account within 14 days
Homeowner Secured Loans - No problem
We offer low rates for good and poor credit, and lend up to £500k, 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 personalized 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 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 or 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.
1. My loan is accepted, what do I do now?
We offer 2 document retrieval services, we offer a home collection service where our agents will physically collect your id, and bring along the documents for you to sign. Or we offer a paperwork pack, sent through the post. Please complete all documents and send it back in the prepaid envelope provided if you choose this option. Your loan can be dealt with quickly if all documentation is correctly completed, and sent promptly.
2. I'm worried about sending original documents; such as my passport etc.
If you choose the posted pack option, we provide a freepost envelope, which you can use to return your signed loan documents. However If you feel unsure about sending original documentation in this envelope, please visit your post office and request a Royal Mail Recorded Special Delivery.
3. When will I get my money?
This relies on when we receive your signed and completed pack + requested items and proofs. Usually you will receive your funds within 7 days after receiving this information. Funds are either transferred by CHAPS or sent by cheque depending on which lender your using.
4. Can I repay my secured loan early?
Yes, you can repay your loan early. The method of calculating the repayment can be found in your pack. Early repayment carries a small penalty cost.
5. What do I need to send back to you?
You will need to return your signed secured loan agreement documents; these can be found in the loan pack folder sent to you. In the letter accompanying the loan pack, we've listed certain items we need such as your identification and proofs of id like your passport etc. Please return these with your signed loan documents, as we'll need to verify this information before we release your funds.
6. How much will my loan cost?
The interest rate you pay on your secured loan reflects your personal circumstances. Any fees that we charge are listed clearly in your loan pack. If you are in any doubt, please contact us to run through all the figures with you.
7. Who should I ask to be my witness?
Your witness should not be a family member or someone who lives at your address. You should have known the witness for at least 2 years. They should also be someone you trust, as they will need to read parts of your loan pack and watch you sign certain documents to ensure the agreement is binding.
8. Can I top up my loan?
Usually this is fine, as long as you haven't borrowed the maximum amount you are eligible for. If you would like to make any changes like this please contact us directly.
Jim Teds, from Derby
After 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 great credit to the business - he understood my needs fully and suggested products that made a positive difference to my position. I was kept informed every step of the way and the quality of service was brilliant. The whole experience was unpredictably simple, well organised and helpful - thank you very much your help
Katy Ashdown, from Plymouth
apple loans were able to help us secure a loan right from the moment we applied online. As homeowners we needed one of the many secured loans out there to pay for a new conservatory extension. We had applied through another provider, but found them to be unhelpful (along with higher rates). This was a little shocking as we do have perfect credit, i was a bit lost. From the moment we applied, to the min we got the cash, apple were always there to help and explain the process, we are so happy with our new conservatory, and please we found such a genuinely good service, have recommended apple loans already to 2 friends !!
Louise Collins, from Sussex
Very impressed, this is our second time getting a secured loan, and apple loans made it easy, there always available on the phone, and we actually got our loan processed in just 12 days. Would not hesitate to recommend 10/10
Lawrence Jennings, from Welling
We defaulted last year on our credit card, i then found it virtually impossible to get any line of credit, really apple loans were the last resort. However, they accepted my within 1 hour for a £30,000 loan, i was totally shocked. We received 2 waves of paperwork in the post to sign, and the whole process was just easy. Everything was explained simply, and im now 8 month into the loan, and making regular monthly payments ensuring my credit STAYS in tack. I am so glad i was given a second chance to prove myself again, and would recommend apple loans to friends and family without hesitation, thanks so much
Paul Hobbs, from Blackheath
First class service Danny and Nick were a pleasure to deal with, ended up with a secured loan, and now a remortgage. They are truly a one stop shop, highly recommended - cheers guys