Loan Repayment Calculator
Free estimated secured loan quote
(Rates and costs may vary depending on circumstances).
How the secured loan calculator works
The rate you receive from this calculation may vary higher or lower subject to the merits of your specific case. Any quote displayed is non-binding as is just to be viewed for illustrative purpose only.
Using this tool is simple, you just have to enter:
- What monetary amount you wish to borrow
- The preferred repayment term in months
- The secured loan rate quoted to you, or that you wish to check under
- Once you have your result, you can call our lending team who will go over your proposal in full detail to give you a more accurate quote to consider proceeding with.
Using a secured calculator is ideal to:
- Compare loan amounts and repayment figures
- Get an idea of a secured loan repayment amount
- Set your budget according to costs you expect to have
- Identify different borrowing options before you go ahead an make an application
To proceed with your application, fill out the form below
Why using a calculator can be of help
First it is a free tool so doesn’t cost you anything to ‘try before you buy’, as such. Used as a starting point, this allows the borrower to understand and determine their own likelihood of being able to make repayments on a secured facility if granted to them. This tool should not be used as to disclose or insinuate an exact repayment quote, but merely as an illustrative means to assess your financial means.
By assessing your capability to afford either short or longer term secured finance, this can help to speed up the process in getting the loan you require with less hassle and disruption.
Borrowing on a second charge basis
If you already have a mortgage, it is still possible to raise funds against this – rather than using a standard bridging facility.
We will arrange your finance to be structured as a second charge.
These types of loans are particularly useful for those needing to raise urgent money whether for personal or business use.
Will my credit affect the decision?
With mainstream lending, it can be difficult to gain finance if your credit is not deemed at a satisfactory level. Our lending partners look beyond your credit, taking into account the overall strength of your case as a means to assess your suitability.
An agreement can be possible, however the cost and interest you pay would likely be heightened if there was cause for concern with your credit and financial audit.
How can I improve my chances?
As with any financial agreement, the lender would need to feel confident in your ability to keep up payments and adhere to your loan terms. Although not a guarantee, doing your diligence beforehand such as assessing if you can afford, is a vital step.
Our team work closely with you to ensure best chance of being approved, by structuring the product to satisfy the lenders’ objections and to ensure there is a clear and affordable route to completing your repayment as intended.
Be sure to have all the necessary supporting documents readily available, not doing so can lead to further obstacles and delays.
Getting a favourable rate
When the application goes to market, we will assess all possible routes of financing for your needs. We will present the options and their merits to give you the flexibility to make the choice that best suits you.
By adapting or adjusting your term requirement, using a higher value security property and the amount of equity available to play with, we can often reduce the rate initially offered. However, this is at the lenders’ discretion and will be determined solely on the merit of your case specifically.
Learn more about secured borrowing
Curious to know more?
We understand that making such a commitment requires careful consideration and planning. Rushing into something that could leave your finances in jeopardy is ill-advised.
It is not uncommon to have doubts, or need answers beforehand. We aim to put you at ease and nullify any apprehensions.
Want to proceed?
- Determine an indicative cost using the free tool
- Call our team to discuss your case in depth
- We review your finances to assess your affordability
- Receive an in-principal quote for consideration
- Approve to proceed and we will handle the application
