Loan Central Title image

A UK independent secured loan broker with access to all products in the market

Online since 2004, we're a name that you can trust

The navigation buttons on the left show you which products are available for business users and which are available for individuals.

The contact form to request free advice and a no obligation quote is at the bottom of this page.

All quotations for secured loans are provided to you free of charge and on a no-obligation basis - there is no pressure, make your decision in your own time.

Why use a broker for your next personal loan?

We can arrange secured and unsecured homeowner loans all over the UK and we have lenders that consider applicants with bad credit and for all purposes including debt consolidation.

A broker will have access to all products in the market, some that are exclusive to brokers. All personal loans are regulated by the Financial Conduct Authority (FCA). The FCA expects brokers to treat customers fairly, as a result, a broker will find you the best deal on the market for your circumstances.

If you have been declined by a high street lender, a broker may well be able to provide an innovative funding solution which you had not considered yourself.

Personal Loans

Unsecured loans

A UK unsecured personal loan is where you have not pledged an asset, typically your home against the loan. This means that they are considered less risky by the borrower because your home is not at risk. However, because of this, lenders will chase you up more quickly for late and missed payments in order to help protect their investment.

A good credit rating and good credit history are the most important factors in determining the success of your application for this type of loan because there are no assets covering the loan. As a result, the lender needs to see that you are responsible and are able to repay your debts.

You will always pay a higher rate of interest for this type of loan because it is more risky to the lender than a loan that is secured against an asset, normally your home.

Unsecured loan applications are processed more quickly because there is no administration work involving securing assets. We can get you a loan in 48 hours which is basically the time it takes to post the documents to you and back again.

Tenant loans are a variation of an unsecured loan. People applying for these type of loans are typically younger or "less settled" or have poor credit histories. As a result the lending criteria tends to be different and the lender will want more information about your particular circumstances.

At present, we are only able to offer unsecured loans to homeowners.

Secured loans/homeowner loans which can sometimes be referred to as second charge loans

Secured loans are for homeowners only because the loan is secured against your home. As a result if you have repayment difficulties you run the risk of losing your home so it is important that you budget carefully before taking out a loan of this type.

It is easier to get a secured loan because the lender can sell your home to recover the debt if you default. This means too that they will consider lending to people with poor credit histories (defaults, county court judgements (CCJ's), mortgage arrears, bankrupts and IVA repair) because they know that the debt will always be repaid.

The advantages of this type of loan are that because they are less risky to the lender, interest rates are lower than for unsecured loans. Secondly, the lenders may be more flexible in the event of late payment or payment difficulties.

Secured loans take longer to process due to the extra work involved in putting a charge over your home and because the law dictates that certain types of secured loan require a cooling off period.

Key points about secured loans from our broker:-

  • Residential or commercial
  • Market leading rates
  • Debt refinance
  • No upfront fees
  • Flexible borrowing terms
  • Property investment
  • Home improvements
  • Adverse credit accepted
  • High loan to values
  • Interest only or repayment
  • Market leading rates
  • Flexible borrowing terms
  • Repayment terms from 1 to 30 years

Non status loans

Non status loans are for people who are unable to prove their income status. Being self-employed is a good example, unlike employed people who receive payslips, self employed people may find it hard to prove their monthly income. We have many lenders who will accept self employed people on non status loan plans, in most cases these are at the same rates as employed people.

Debt consolidation loans

These are typically where you take out a single loan which is large enough to pay of all of your existing loans and credit cards, the idea being that you either pay your credit off quicker, so paying less interest or, you end up with a lower monthly payment so that you can afford to live and have peace of mind knowing that your debts will be cleared by a date you choose. These are usually secured loans so think carefullybefore taking out one of these.

Debt Consolidation loans are typically but not exclusively secured (against your home). If you have bad credit then it is almost certainly going to be secured.

Debt consolidation loans work by combining many smaller amounts of credit (usually at a high interest rate) with one large loan at a smaller rate but over a longer period of time meaning lower monthly payments. People with a bad credit history eg defaults, county court judgements (CCJs), mortgage arrears, bankrupts and IVA repair can be accepted.

These days, more and more people are turning to debt consolidation as a way of breaking free of the burden of debt.

Locations

We currently serve the following UK post code areas (for example AB - Aberdeen means all areas in and around Aberdeen whose postcode starts with AB) :-

AB - Aberdeen, AL - St Albans, BA - Bath, BB - Blackburn, B - Birmingham, BD - Bradford, BH - Bournemouth, BL - Bolton, BN - Brighton, BR - Bromley, BS - Bristol, BT - Belfast, CA - Carlisle, CB - Cambridge, CF - Cardiff, CH - Chester, CM - Chelmsford, CO - Colchester, CR - Croydon, CT - Canterbury, CV - Coventry, CW - Crewe, DA - Dartford, DD - Dundee, DE - Derby, DG - Dumfries, DH - Durham, DL - Darlington, DN - Doncaster, DT - Dorchester, DY - Dudley, EC - London, EH - Edinburgh, E - London, EN - Enfield, EX - Exeter, FK - Falkirk, FY - Blackpool, G - Glasgow, GL - Gloucester, GU - Guildford, GY - Guernsey, HA - Harrow, HD - Huddersfield, HG - Harrogate, HP - Hemel Hempstead, HR - Hereford, HS - Western Isles, HU - Hull, HX - Halifax, IG - Ilford, M - Isle of Man, IP - Ipswich, IV - Inverness, JE - Jersey, KA - Kilmarnock, KT - Kingston Upon Thames, KW - Kirkwall, KY - Kirkcaldy, LA - Lancaster, LD - Llandrindod Wells, LE - Leicester, L - Liverpool, LL - Llandudno, LN - Lincoln, LS - Leeds, LU - Luton, ME - Medway, MK - Milton Keynes, ML - Motherwell, M - Manchester, NE - Newcastle, NG - Nottingham, N - London, NN - Northampton, NP - Newport, NR - Norwich, NW - London, OL - Oldham, OX - Oxford, PA - Paisley, PE - Peterborough, PH - Perth, PL - Plymouth, PO - Portsmouth, PR - Preston, RG - Reading, RH - Redhill, RM - Romford, SA - Swansea, SE - London, SG - Stevenage, SK - Stockport, SL - Slough, SM - Sutton, SN - Swindon, SO - Southampton, SP - Salisbury, SR - Sunderland, S - Sheffield, SS - Southend - On - Sea, ST - Stoke - On - Trent, SW - London, SY - Shrewsbury, TA - Taunton, TD - Galashiels, TF - Telford, TN - Tonbridge, TQ - Torquay, TR - Truro, TS - Cleveland, TW - Twickenham, UB - Uxbridge, WA - Warrington, WC - London, WD - Watford, WF - Wakefield, W - London, WN - Wigan, WR - Worcester, WS - Walsall, WV - Wolverhampton, YO - York, ZE - Lerwick.

The application process

  1. Please complete the form below. One of our personal loan experts will then do a short “fact find” over the phone to understand your requirements so that they can advise you of the best products available for you and provide you with their related costs and advantages and disadvantages.
  2. We work with our lenders to produce the best possible terms for your loan.
  3. We will then issue the terms directly to you by email and will follow up to discuss them over the phone.
  4. Once you’re happy with the product offered, we will move forward to submission of the application.
  5. The lender will then formally assess the application and will look to agree the application and release the funds to your personal bank account.
  6. Once submitted, we will manage your application through to a timely completion, making the process simple and saving you time.

We offer rapid decisions in principle – often within four hours – and our loan advisors are available to answer any questions that may arise.

Please use the form below to get free advice and a quote on the best product for your circumstances.

Please complete this form to get free advice and a no obligation quote from our whole of market independent loan & mortgage broker

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