Secured Loans Exeter
If you need professional advice about taking out secured loans in Exeter, then get in touch to speak to our professional advisors today. As a well-established, independent company, you can rely on our team for solid recommendations that you can trust. We have access to a variety of secured loan lenders throughout the local area, and we are here to help you decide if this is the best and correct option for your needs.
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Why Choose a Secured Loan?
These loans have become very popular during a period of low interest rates. Many people who have a low fixed rate or low tracker rate on their mortgage are reluctant to lose it. Therefore, one of the best options is to keep it with the good rate and take out further borrowing using a secured loan. These are not expensive as rates start from as low as 3.75% and can be used for any legal purpose. Repayments will be spread over a period of time to keep the monthly costs down. Some of the reasons why people choose this type of loan include:
What To Consider
You should always think carefully before taking out a loan as there are a number of things to consider.
Paying it Back
These loans tend to be for much larger sums than other unsecured loans with higher interest rates. Will you be able to pay it back every month?
Your Credit Score is Important
The terms and interest the lender offers will depend on your credit score, and you will get a better deal with a higher rating.
Other Factors Will Be Considered
Lenders will also take into account your income, any existing loans you have and how much equity you have in your home.