Frequently Asked Questions

A secured loan is backed by some form of collateral, typically an asset like a vehicle or piece of property. If a borrower defaults on a secured loan, the asset could be seized. An unsecured loan does not require collateral. The heightened risk of an unsecured loan may result in a higher interest rate, although this is usually a function of the applicant’s credit history.

Yes, you can qualify for a loan with bad credit. Unsecured bad credit loans may be paired with higher interest rates, but consumers can still opt for a secured loan to gain access to lower interest rates.

The higher the deposit you have, the more lenders are likely to accept a low-income, high-equity mortgage, or if you have a better than spotless credit history. Many lenders lend about four to 4.5 times your income, but in the right conditions, and with a reasonably large deposit. We will help to get a best option for the mortgage.

Yes, some lenders will allow you to settle your account early. Just keep in mind that you may be charged a prepayment penalty, which is typically a percentage of your remaining loan balance. Before you sign a loan contract make sure you understand the terms of your loan.

Yes, We do provide Business loans for start-ups without any money or collateral. Though the terms and conditions would be different in both type of loans. A personal guarantor may be required and a higher interest rates may be applied on the principal amount when loan is processed without collateral security.

Certain loans, for example, a car loan, can be transferred to someone else. But, a personal loan cannot be transferred.

We have a wide panel of lender as they typically offer you to choose an amount ranging from £1000 to couple of thousand pounds. However, the amount that you can actually borrow also depends on your credit profile, monthly income and expenses.

Yes. We’re a credit broker and not a lender. So we do charge an fixed fees of £199 to our borrowers for the loan processed from us.