Loans
Nemo Loans
Nemo offers secured loans for a number of purposes including weddings, home improvements and debt consolidation. Nemo also extends loans to the self-employed who can self-certify income up to £50,000.
Compare leading secured loans to find the cheapest homeowner loans and apply online.
Secured loans for both the employed and the self-employed at Nemo can be taken from £10,000 and £75,000 against the value of the borrower's home. Homeowners can choose to repay the loan over a period of between five and 25 years. Nemo loans are also available at up to 100% Loan to Value of your home.
Interest rates are variable on Nemo secured loans and the rate you qualify for will depend on the size of the loan and your credit status. Typical APR rates are slightly higher for the self-employed.
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 | |||
Nemo's Personal Payment Insurance is unusual in the fact that it offers a 50% refund if it is not claimed on in the first five years.
All loans at Nemo are secured which means that if you fail to keep up with repayments your home is at risk.
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.