Secured Loan from Freedom Finance

What is a secured loan?

A secured loan is a loan secured against something of some value, such as business premises or your home. This is security for the lender, if you fail to keep up repayments on your loan. The lender can repossess the property and sell the property to recover the outstanding loan amount (worst case scenario).

What are the benefits of a secured loan?

The interest rate charged on a secured loan can be less than an unsecured loan, because the loan is seen as a lesser risk to the lender, the lender is willing to reduce the amount of interest charged and offer larger loan amounts.

What are the risks of a secured loan?

The risk you have with a secured loan; is if you do not keep up with the repayments. The lender can repossess the property and sell the property to recover any money outstanding, this being the worst case scenario. Before this happens it would be best to try to come to some sort of arrangement with the lender about repayment of the loan.

I have poor credit history; can I still enquire for a secured loan?

Freedom Finance can help most people find a secured loan, even people with CCJs or mortgage arrears. We can search thousands of loans to find the best loan for your circumstances. Freedom Finance believes in treating our customers fairly, so we try and find a loan with the lowest interest rate and lowest charges to match your personal circumstances.

How do I Enquire for a secured loan?

You can complete our online enquiry form and one of our customer service team will contact you, alternately you can contact one of our customer service team FREE on 0800 032 3826 and they will complete an application form with you over the phone.