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Step 1 of 3About your loan
 
 
 
 
 
 

Step 2 of 3About your loan

Is secured on your home. Rates depend on your circumstances; usually lower than an unsecured loan and often more flexible.

Not secured on your home. May not qualify you for the best rates. Applying to a number of lenders may affect your credit score.
 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Step 2 of 3About your loan

Based on your information we recommend you speak to a personal debt adviser.

They will offer you advice on:
  • Whether a loan is your best option
  • Consolidating your debts
  • Reducing the amount you owe
  • How to freeze your interest payments
  • Protecting you from creditors

Step 3 of 3Your details
 
 
 
 
 

 
 

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The interest rate available to you will depend on how much you borrow, over how many years and how good your credit history is. It will also depend on whether you agree to a secured or unsecured loan, secured loans offering the lowest interest rates.  (loan)

Some lenders will only lend to people who they assess as a low risk and will offer especially attractive interest rates to attract their business.

If you have a poor credit history - for example youve missed payments on a mortgage, loan or credit cards, you will be considered a poor lending risk. Consequently, you will be offered a higher interest rates or they will refuse you application altogether (life insurance quotes)

These days the lenders use very sophisticated credit scoring systems to assess the merits of your application. To your application details, they add your credit history which they obtain from one of the large credit agencies. Youd be amazed how much information these agencies hold about you. From this assessment they will decide whether to offer you a loan and at what rate of interest. The better your credit score the lower the interest rate will be. (mortgage quotations)

You will not be able to negotiate the interest rate - it will be on a take it or leave it basis.

(mortgage deals)

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