When thinking about obtaining a loan, using a loan repayment calculator is a good way to get a rough quote that you may be thinking of taking out. Although when using a loan calculator and inputting your loan amount and term time it may not provide you with an exact quote, it will however help you to understand what sort of figures you could be possibly looking at. Using a loan calculator is also useful in the sense that it does affect your credit rating in any way or does not place a mark onto your credit profile.
When inputting your potential loan details into a general loan repayment calculator, it will not necessarily provide you with an accurate personal loan quotation which can be quite confusing. It can also be confusing if you have used a number of different loan calculators inputting the same details but being quoted different rates and amounts. The calculation that the loan calculator generates will be very basic and does not take into consideration your individual circumstances. To obtain a more detailed loan quote suitable for your needs and circumstances rather than using a loan calculator, give us a call or simply complete our enquiry form found on our home page and we will call you.
Frequently Asked Questions
The amount I want to borrow is not available on your loan calculator, does this mean you cannot lend to me?
Just because the amount is not showing on the loan repayment calculator does not necessarily mean we do not lend this amount, please call us on 01702 256014 to discuss further.
Does this calculator offer accurate and definitive loan quotes?
No, when the loan calculator produces a quotation it is only very basic and rough estimate. We will be able to arrange a more detailed quotation via telephone, after we have taken your circumstances into consideration.
Unsecured Loans - These loans can be approved and paid out in no time at all. Typically unsecured loans are between £500 & £25,000 (unsecured loans are subject to availability and your individual credit status)
Secured Loans - These loans take on average 20 days to complete. The loan is secured against the property that you own and due to this security you are able to borrow more money typically between £3,000 & £500,000. (Secured loans are subject to availability and your individual credit status)
Secured and Unsecured Loans
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How we work
Just some of the UK Lenders we compare
UNSECURED LOAN REPRESENTATIVE EXAMPLE - 49.9% APRC (variable) Secured loans from 3.83% APRC.
SECURED LOAN REPRESENTATIVE EXAMPLE - Assumed borrowing of £30,000 over 240 months, with a 36 month fixed rate followed by a variable rate plus a brokers fee of £1,495 and a lender fee of £495 would result in a monthly repayment of £256.04, the APRC 8.2% for 36 months then a monthly repayment of £247.45 on variable rate, the total amount payable would be £59,817.24. The actual rate available will depend on your circumstances, please ask for a personalised illustration.
By taking out a secured loan you are borrowing money that is secured against your home. If you are thinking of consolidating existing borrowing you should be aware that you may be extending the terms of the debt and increasing the total amount you repay. Rates as of 16/01/2017.
THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
WARNING: LATE REPAYMENT CAN CAUSE YOU SERIOUS MONEY PROBLEMS. FOR HELP, GO TO MONEYADVICESERVICE.CO.UK.