What is a secured loan?
A secured loan is an advance which requires the borrower to place a security for the loan claim. Home, car or any other valuable asset is usually acceptable as collateral.

What are the benefits of secured loan over unsecured loan?
The major advantage of opting for secured loan instead of unsecured loan is lower interest rates. Also easy repayment terms and easy approval particularly in bad credit cases is absolutely advantageous features of secured loans.

I have bad debt. Can I qualify for secured loans with bad debt?
Bad debt can easily qualify for secured loans. Arrears, poor credit, late payments, CCJs, bankruptcy do not face any problem with respect to secured loans. However, as a bad debt borrower, you should be ready to pay slightly higher interest rates.

What is loan APR?
APR is annual percentage rate. It is the true interest rate of the loan. It takes into account the yearly rate of interest payable on the loan term along with other charges and fee.

What if I want to payback my loan early?
In case you intend to payback the loan early, you will have to know about redemption penalty. However, even with redemption penalty you would not be required to pay the complete interest rate payable over the loan term. You are free to talk to our experts who will give you wise counsel with this respect.