Low Cost Loans
Taking out a loan doesn’t have to break the bank. We’ll always make sure your loan is affordable – and we’ll aim to make sure it’s the cheapest, too.
We work with some of the best banks, building societies and specialist lenders in the country, which means we have access to the lowest and most competitive rates on the market – which also means a lower monthly cost for you. So, if you’re looking for a low cost loan, let us find it for you.
Ways to contact us
A low cost loan is a typical loan, but keeping the Annual Percentage Rates (APR) as low as possible.
The interest rate available to you can depend on a variety of factors, such as how much you want to borrow, how much equity you have in your property, your credit profile and the type of the loan. It all depends on your individual circumstances – but whatever they are, our expert advisers will find the best loan for you.
Yes, no matter what your credit score is, we will be able to help you find a low cost secured loan.
Of course, any lending will improve your credit as long as all your payments are made on time, in full and inline with the terms of your agreement with the lender. Each correct payment is essentially a green tick on your credit score, the more ticks you have the more reliable other lenders will see you in the future.
On the other hand, any missed or reduced payments, which aren’t in line with the agreement can have a detrimental affect on your credit score and show lenders it may be a risk to lend to you.
Representative example: If you borrow £26,000 over 10 years, initially on a fixed rate at 5.05% and for the remaining 5 years on the lenders standard variable rate of 4.65%, you will make 60 monthly payments of £310.37 and 60 monthly payments of £307.37. The total amount of credit is £29,195; the total repayable would be £37,245 (this includes a lender fee of £595 and a broker fee of £2600). The overall cost for comparison is 7.90% APRC.