Secured loans - what they are and how they work

A secured loan is a loan that is secured against the value of your property. Because of this security, you could benefit from better rates, and an increased choice of repayment plans. Also because you repay over a longer period, your monthly repayments could be lower, helping you get back on track with your finances.

Risk Statement

Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.

Customers with previous credit problems

We have already helped thousands of customers who have experienced credit problems in the past. So you really don't have to worry if any of the following applies to you:

CCJs - Most banks automatically refuse customers with previous CCJ's but NOT US! We have loan plans to fit most situations subject to your ability to repay our loan, and you could use a Central Capital loan to wipe the slate clean and get yourself back on track.

No equity or negative equity - You can take advantage of our loans even if you have little or no equity in your home. Many of our plans allow you to borrow up to 110%, 115% or even 125% of your property value and still take advantage of some of the very best rates available.

Mortgage arrears - Unlike most banks, we do not rely on rigid computer programmes to asses your application, and therefore we could still help even if you have fallen behind with mortgage payments or had problems in the past.

No proof of income - More and more people work for themselves or are unable to prove their income, as they undertake contract or season work. But don't worry - we treat each client as an individual. As long as we are sure you can afford our loan, you will find that we are much more flexible as we look at your application on an individual basis.

Customers planning to move house

You can still apply for a Loan, even if you're planning on moving house in the future. When you move you simply have two options:

1. Pay off your loan with the money you get from the sale of your house

OR

2. Transfer your loan to your new property (subject to your chosen lenders terms)

Loan amounts available to you

Loan amounts of £7,500 to £250,000 are available for any purpose, but of course, we judge each applicant on their individual circumstances and ability to repay the loan. For more information call one of our dedicated loan advisors who will be happy to help.

Repayment options available to you

Repayment terms

Your repayment period will depend in the amount you borrow and your personal circumstances. You can also choose between a loan where the rate changes in line with the general level of interest rates or one where you can fix your monthly payments for an initial period of the loan.

Early repayment

There's no need to worry about the commitment of taking out a loan. If you're circumstances change, you can repay the loan back at any time. The method of calculating the amount of money required on early redemption will be stated in the loan agreement. We will also send you a copy of the FISA Borrowers Guide which will explain the procedure in detail.

Protecting your repayments

We will search all of our different lenders to find the right loan for you. Each of our different lenders also offer a range of payment protection plans. Some of the benefits they include are:

Involuntary unemployment cover
Hospitalisation cover
Accident and sickness cover
Disability cover

Apply online for a credit loan and you could have the money in 14 days! You are under no obligation, you can cancel at any time up to completion and you won't have to pay any upfront fees.