Loans
Promise Finance Secured Loan
If you are considering taking out a Promise Finance secured loan you can borrow any amount from £3,000 to £100,000, depending on how much you can afford to repay each month. The Promise secured loan can be over any time period from 3 to 25 years. The company offers a number of secured loan facilities.
Compare leading secured loans to find the cheapest homeowner loans and apply online.
Even if you have little or no equity in your property you can still apply for a secured loan. Indeed, Promise have plans available where you can borrow up to 125% of your property value, less your existing mortgage balance.
Promise imposes no restrictions on how you use your money from your secured loan. Promise Finance says the majority of its customers clear some or all of their existing credit so as to reduce their monthly outgoings to just one, more manageable monthly payment.
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 | |||
How much your Promise Finance secured loan costs will depend on how much you wish to borrow, and the time period that you choose to repay it over. All Promise loans are assessed on personal circumstances.
Promise Finance was founded in June 2003 to provide affordable finance to UK consumers.Operating from Promise House in Wolverhampton, Promise now employs over 200 people.
Should you decide to move and your Promise loan is secured on your property it is simply paid off from the proceeds of the sale. Sometimes Promise can transfer the secured loan to your new property. Promise will advise you on your options.
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.