| Q1. |
What is a secured or Homeowner Loan? |
| Ans: |
It’s very simple. A secured (or Homeowner Loan) is a loan that’s secured against your property. This means that we have a second charge on your home, after your mortgage company. The money you borrow is based on the equity in your home. You can then use that money for whatever you want; to buy a car, consolidate your credit or make some home improvements. Our Homeowner Loan is a secured loan, so you could borrow more money than with a typical unsecured loan. You can borrow from typical 6.9% APR variable and either apply online or call on 01633 221699. For more detailed information, please take a look at our Homeowner Loan. |
| Q2. |
How much can I borrow with a Direct Finance UK? |
| Ans: |
If you're a homeowner, you can apply for our Homeowner Loan from £5,000 up to a maximum of £100,000. |
| Q3. |
What can I use a Homeowner Loan for? |
| Ans: |
You can use the loan for almost any purpose such as paying off your outstanding credit (e.g. credit cards or personal loans), using the money for a major project, such as replacing your kitchen or perhaps buying a car, going on holiday or even business purpose. |
| Q4. |
How much will I have to repay each month? |
| Ans: |
Our loans are very flexible and you can request a repayment term that suits your circumstances. Our repayment terms are between 5 and 25 years, so the longer the repayment period, the less you’ll have to pay each month. Please remember that by repaying your borrowing over a longer term, your overall interest charges will increase. |
| Q5. |
How do I apply for a Direct Finance Uk Homeowner Loan? |
| Ans: |
You can either apply online or call us on 01633 221699. Our friendly staff will be more than happy to help you out with your application. |
