Our brokers specialise in helping people find loans; loans for working homeowners & tenants. The loan can be used for any
purpose including; debt consolidation, home improvements, holiday, wedding, educational fees and much more.
A loan solution from Guaranteed Acceptance Loans could help you:
- Get a low rate loan from £500 – £100,000
- Raise cash for any purpose
- Consolidate debt into one affordable monthly payment
Get a Guaranteed Loan TODAY! (Note: Strict loan acceptance criteria does apply.)
So what are you waiting for? Apply online for the quickest way to get your loan approved from Guaranteed Acceptance Loans.
By opting for guaranteed loans, you can enjoy a simplified application process. With this option, you can set aside the hassle of extra paper work. Just fill an online application form with your details. Remember, all your information will be kept secure. You need to spend 1 minute to fill up the form. After that, your application form will be processed and checked and someone will call you back at the time you specify.
At guaranteed acceptance loans our brokers have a large selection of guaranteed loan plans and once you apply online they will source the best loan for you. You can apply online whether you are a homeowner or tenant and you can apply for both a Secured or Unsecured loan. Guaranteed acceptance loans range from £500 to £100,000 and it also depends on your credit history.
Loan applications are accepted from applicants who have good or bad credit. Apply online today for fast approval.
There are a couple of banks or lending associations in the United Kingdom that are known for offering their clients with guaranteed secured loans. Most of these institutions offer all sorts of financing options but the guaranteed secured loans are more popular due to their convenience when it comes to paying the loan back. Some of the leading lenders include:
- Norton Finance
- Central Trust
- Jigsaw Money
- Blemain Finance
- Shawbrook Bank.
All these lenders are well known for their affordable guaranteed secured loans. However, their rates vary a whole lot. Different institutions have different rates. Others have a lower loaning capacity in terms of amount. Some give their clients a shorter repaying duration as compared to their fellow counterparts. All these factors play a major role in determining just how effective the loaning institution is. Below are the top 3 secured guaranteed lenders in the UK considering all possible factors.
The Shawbrook Bank is by far the leading lender when it comes to guaranteed secured loans. It has an APR rate of 17.9% (Typical for comparison). On the other hand, it gives its clients a maximum of 25 years to clear their loans and a minimum of 3 years. The client however does not decide on the repaying duration, the bank establishes the appropriate time depending on the amount borrowed. On the other hand, their loaning ability is quite high. The amount of money they can lend you is £3,000-£100,000. This might come as a disadvantage for those planning on getting lower loans. All in all, their maximum loan capacity is £100,000 which is more or less same to that of most such like banks. The maximum LTV for any Shawbrook bank branch is 70%. This is lower than most banks in the region. The Shawbrook bank also has its own breed of independent loaning brokers. This means their costs are quite low at the end of the day. This deal is quite favorable for small as well as medium sized businesses that are planning to get an expansion loan. The whole deal is relatively flexible.
In the case of Nemo Personal Finance, their APR rates are at currently 10.4%. However, their loaning capability is more advantageous to those planning on getting small loans as compared to Shawbrook bank. They offer a minimum of £7,500 to £100,000. Their Maximum LTV rates are also a bit higher; at 85%.
At number three is Norton Finance. This particular institution haws an even lower loaning limit. It offers a minimum of £3,000 while the maximum is just like that of other lenders. It has an APR rate of 17.9% (Typical for comparison) plus a maximum LTV of 70%. All in all, their maximum repayment duration has a maximum of 20 years and a minimum of 3 years.
Many people tend to find themselves in a fix after they get strapped for cash yet they have some pressing issue to cater to that requires your immediate attention. There are various options that you can go for. The credit card might come in handy at such a time. Others even go to an extent of looking for modern shylocks. However, the bank offers more reliable and effective options. This includes alternatives such as debt consolidation, bad credit unsecured and secured loans. Among all these options, secured loans are by far the best. If you have a good credit and you are not looking for too big a loan then secured loans are as close to ‘guaranteed loans that you will find. This is due to the simple fact that they are quite high in terms of the interests as compared to the rest but it all depends on the particular bank that you go to. This is why they are referred to as low cost finance options.
There are several reasons why a secured debt is given an upper hand over the other of financing options. Among them is the simple fact that the debt can be used as collateral. This means you can use this particular debt in the future to get even better deals. Take for example a case where you have 3 credit cards that you are required to settle. A secured loan can help you reduce the debts by a substantial amount. Paying each of them individually is quite expensive. By using a secured loan, the interests will go down plus you will get to settle all the debts at once. This in turn means that you will only have to cater for one bill on a monthly basis which is quite effective than having to pay three good bills in a month; not forgetting all the other unrelated monthly household bills.
When looking for a loan, there are four factors that you should always consider.
- These are the interest rates
- borrowing amount
- repayment terms
- conditions plus the obligations.
When it comes to the interest rates and the repayment terms and conditions, secured loans are the best alternative. As compared to the other alternatives, the interest rates are very low. This means you will not have to spend a lot of money paying back the loan. However, the flip-side is that you have to leave some sort of collateral in order to get a secured loan. This might be any kind of valuable asset that you own such as a car or your house. Failure to provide this, you do not qualify to get a secured loan.
The terms and conditions of paying back are also quite convenient. Take for example the grace period give; it normally varies between 5 and 25 years. In other cases, it can even exceed to 30 years. All you need to ensure is that you pay the monthly installments and you will be done in not time. In fact, you will not even notice the difference when repaying it. All in all, just like any other kind of loan, the rates vary depending on the bank. Therefore, it is advisable to look for one with the lowest rates in order to have an even easier time repaying.
Guaranteed loans are those loans in which a third party agrees to take up the loan on behalf of the borrower and agrees to repay the loan to the lender in case the borrower is unable to repay the loan himself or is unable to work out an agreement with the lender for the repayment of the loan. 
This is done mainly in the case when the borrower needs better rates of interest than usual. The lender is only too happy to give better rates of interest as now he has another party also agreeing to repay the loan, in case of default, and this reduces his risk to a great extent.
The third party can be either a private party or in some cases the government itself. But in case it’s a private party, it is still doubtful whether a third party endorsing to undertake the loan makes the situation any better for the lender. We are living in tough financial times and in such cases, any of the investments made by a person in any sector can take a nosedive any moment. The sector can be housing or the stock market or manufacturing sector etc. Any sector we take, there is no such thing as a safe one or a guaranteed one which doesn’t fail at any point of time. So, when this is the case, it is difficult to guarantee any kind of earning or income, leave alone a loan.
The third party might have agreed to the terms initially assuming that there would be earning a specific amount during that period or assuming that the borrower himself would be trustworthy enough to replace the loan. But if the borrower faces a tough or emergency situation and he is unable to repay the loan, then the responsibility is passed on to the third party. In some cases, it may so happen that the earnings or the returns that the third party has expected might not have borne fruit and in these cases, the third party also gives up on the loan which basically means that the loan is no longer guaranteed to be returned. The situation was different a few years ago when the economy in many parts of the world was booming and there were many safe sectors where investments could be made and specific returns could be expected. But this is no longer the case. So, this literally means that no loans can be guaranteed in the near future by any of the private parties.
Even if the loans are guaranteed by the government, we are seeing a scenario where even governments, like some of the ones in Europe, are writing off giant chunks of loans as they are unable to repay them. When this is the case with government guaranteed loans, then the situation with loans guaranteed by private parties can be well imagined. The scenario is worse for bad credit guaranteed loans. So, it is better that the lender and the borrower understand the risks that are involved and arrive at a consensus on what can be repaid and what cannot so that the right terms are fixed right at the time of loan issue that are workable for both parties.
UK Guaranteed Loans | admin | 
April 30, 2012 12:35 pm | 
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