Cheap Secured Loans

It is entirely possible to obtain cheap secured loans for a multitude of purposes. A secured loan is one that requires you to provide the lender with some form of security. This is most often in the form of property. This property can be mortgaged property or it can be owned outright by the borrower. Whether it is owned or mortgaged makes little difference to the lender, though either factor could affect the amount a borrower can obtain or the Annual Percentage Rate they can get. The APR is determined by the borrower's circumstances, such as the lender's view of their ability to repay the loan, the equity in their property and the presence of any adverse credit.

Cheap loans are available in various amounts, from £5,000 to £100,000, depending upon the borrower's circumstances. You can obtain loans of up to 125% of your property's value. UK lenders offering cheap secured loans charge interest on the loan. This is referred to as the Annual Percentage Rate or APR. The APR, the amount a person can borrow and the term available on the cheap loan are dependant on their ability to repay the loan, the equity in the property used to secure the loan, and the borrower's personal circumstances. The APR quoted by the lender will reflect the typical rates, however, the actual APR will be dependant upon the aforementioned factors and will be determined individually.

Loans secured against UK property that is owned outright by the borrower are considered first charges. If the property used to secure the loan is already mortgaged, the loan is considered a second charge. Cheap loans are generally easier to obtain than unsecured loans because the lender's risk is minimized by the property securing the loan and the requirements upon the loan are lessened. This also means that people who might otherwise have a difficult time getting a loan due to adverse credit or because they've recently changed jobs or are self-employed. Cheap loans are also good for larger loan amounts or longer term periods. Contact us today to get your cheap secured loan!

DBS Finance were great. I’m so glad I chose them. all my money problems were solved. They were patient and understanding in what was a very stressful situation. Thank you for such great service! Mr & Mrs D - Northampton

IMPORTANT NOTE: Rates Subject to status. Loans secured on property. Written quotations upon request. Typical rate between 5.59% and 14.3% APR dependent on status. Loans between £5,000 and £200,000 available. Current Max LTV 85% THINK CAREFULLY BEFORE SECURING OTHER DEBTS / LOANS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT / LOAN SECURED ON IT.