Loans
Essential Loans Secured Loan
Consolidation loans are the most popular form of secured loan at Essential Loans. However, Essential Loans secured loans may be used for any purpose and the firm also provides loans for holidays, home improvements, cars etc.
Compare leading secured loans to find the cheapest homeowner loans and apply online.
Essential Loans, based in Bromsgrove, Worcestershire, offers a number of secured loan facilities - the size of the secured loan ranging from £5,000 to £150,000 and secured loan terms from 3 - 30 years.
Even if you have no equity in your home, Essential Loans may be able to offer you a secured loan of up to 125% of your house value.
Your application with Essential Loans is confidential and if you become ill, have an accident or are made redundant, an optional payment protection insurance plan for your secured loan is available. This facility from Essential Loans will cover your secured loan repayments.
Secured Loans - £25k for 15 yrs*
| Typical APR | Per Mth | ||
|---|---|---|---|
|
9.2% | £251.10 |  |
|
9.7% | £257.95 | |
|
12.8% | £302.31 | |
|
13.6% | £313.34 | |
|
14.0% | £319.19 | |
| * Based on £25000 over 15 years secured and is not a full search of the whole market | |||
Essential Loans does not apply any fees - when arranging a loan - on advertised plans.
Meanwhile, if you sell your house there are certain cases where the secured loan from Essential Loans can be transferred to your new property. Otherwise your secured loan can be settled from the proceeds of your sale.
Essential Loans also rewards borrowers for introducing business - refer a friend and you'll receive £50 for you and £50 for your friend when their loan completes.
Compare leading secured loans to find the cheapest homeowner loans and apply online.
Think carefully before securing other debts on your home. Your home may be repossessed if you do not keep up repayments on your mortgage or other debt secured on it.
Last updated May 2008
Nothing in this article constitutes investment advice or a recommendation by Moneyextra to invest in any product, or employ any service, mentioned or advertised.