Before the internet was so widely available, if you needed a fast secured loan, the quickest way was to go to your bank with your cap in your hand. If that failed, the next best thing was to find a loan broker. This normally involved scouring the newspapers or telephone directories, trying to find one. As they were few and far between, this was not the easiest thing to do.

Secured home loans are suitable if you are a UK home owner looking for a loan, but maybe finding it difficult to get an unsecured loan due to the amount you need to borrow, or the unsecured interest rate is too high or perhaps your credit history is not as perfect as an unsecured loan demands . A secured loan is probably likely to get you a better interest rate than an unsecured one, due to the home loan company being less at risk from non-repayment. You can also borrow more, up to £150,000. It is also a great way to release some of the equity locked in your home, generated due to the massive rise in property values over the last 10 years or so. It is for this reason that they are sometimes referred to as ‘home equity secured loans' or ‘equity release loans'.

If you are a UK homeowner, then you have the advantage of being able to apply for cheap secured loans rather than paying the higher interest rates often associated with unsecured loans. This is not always apparent as cheap personal loans are often advertised with low interest rates, but quite often these cheap rates are only available for people with an impeccable credit rating, and the typical interest rate is often quite higher. Because the loan is secured, it means that the lender has a lower perceived exposure to risk, and because of this, the rate of interest, and therefore repayments, will quite often be cheaper than if the loan was unsecured.

Secured personal loans are loans that are secured against your home. Because of this security, a lender is a better position to accept a loan application from people with a lower credit score, such as self employed applicants or people with a poor credit history. This quite often makes secured loans an attractive alternative to loans from banks or other unsecured lending institutions.

Whether you need minor repairs, extensive remodeling or a new pool, you can give yourself a safer and more comfortable home with our online home improvement loan process. Our low interest home improvement loan can help you enhance your home for higher resale value or extended personal enjoyment.

If you are a homeowner looking to finance some home improvements, but maybe finding it difficult to get an unsecured loan due to the amount you need to borrow, or the unsecured interest rate is too high or perhaps your credit history is not as perfect as an unsecured loan demands, then you have come to the right place .

Honeymoon rate loans can be good for those people in a situation who want as low a rate as possible in the early days of their loan – usually the first 12 months. After that these loans usually default to the standard variable rate. Whether it is better to go for the honeymoon rate loan or a discount variable rate loan from the out set is dependant on the client’s individual preference and situation however it is very simple to calculate exactly the interest payments for each option to determine which is best for you.

It depends on the actual loan. Most loans have a monthly service fee of around $8 to $10 however others have none. Usually the loans which have a monthly fee have a lower interest rate which can often make them worthwhile. There are also a number of premier package loans on offer by many of the main lenders which charge an ongoing yearly fee of between $295 and $350 and where the benefits are rate discounts and other advantages.

It depends on the actual loan. Most variable rate loans have this facility and the cost varies between $15 and $50 per redraw and the minimum amount is usually $2000. Some loans allow free redraw.

Mortgage insurance covers the bank in case you default on your loan repayments. It does not cover you - the borrower. As a general rule, the banks require you to pay for this if the loan amount you are requesting is greater than 80% of the purchase price. The only way to avoid it is to borrow less than 80% or provide additional real estate security to bring the loan to value ratio (LVR) to below 80%.