Guaranteed Loans Online

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.

 

 

Home Improvement Loan Jargon Buster Help

A home is an investment; an asset which develops both emotional and financial value over time. The difference with a home is that one will live in this investment for long periods, even a lifetime. It is only natural that such a physical commitment requires some maintenance from time to time. Home improvement represents the natural life cycle which nearly every homeowner will choose to perform at one time or another. While essential to maintaining and increasing the value of a property, such an undertaking comes with it’s fair share of pitfalls. One of the most monumental hurdles to overcome is understanding some of the basic concepts involved when attempting to secure a home improvement loan. The nomenclature can be daunting and some of the terminology seemingly impossible to comprehend. Nonetheless, by first clearly defining the two main types of loans one can begin to understand the best options. By further elucidating some of the most frequently misunderstood terms thereafter, much of the stress involved in applying for a loan will be greatly reduced.

The Two Main Types of Loans
It is paramount to differentiate between the two primary kinds of loans one can be approved for. These two categories are defined as secured and unsecured loans. As the name denotes, a secured loan is provided by the lender and stipulates that should the borrower miss a payment, the lender possesses the legal right to seize the home and claim it as compensation. Although this rarely occurs it is still important for the borrower to understand that the institution has the legal position to do so. In contrast, an unsecured loan is one which is issued by the lender and is based solely on the borrower’s credit rating rather than physical collateral. Naturally, a borrower must have a considerably high rating in order to secure this form of loan, especially when regarding the amounts most often necessary to enact substantial home improvements. While the benefit is that a borrower’s assets cannot be taken, these loans often come with substantially higher interest rates. These may also be known simply as personal loans. Now that we have clarified these disparities, let us examine some jargon that is often misunderstood.

APR
This is an acronym for Annual Percentage Rate. This is the aggregate rate a borrower is charged including interest, fees and other costs which may be involved in the maintenance of a loan. While seen frequently, this important aspect is often listed in the fine print and rarely taken into account when determining the overall cost of a loan. In essence, the higher the APRm the more money one is paying back to the lender; lessening the real amount of the loan itself. One should compare the APR from multiple institutions to find the best rate.

Consideration Period
This is a period with a maximum of sixteen days which is mandated by law in the United Kingdom given to the borrower to decide whether or not to commit to a loan. The lender will most likely not contact the borrower and one of two things will occur when this period expires; the period will simply end or the borrower will agree to the loan and send forth the necessary paperwork.

Equity
This is vitally important to determine the amount of money one is eligible to receive. Equity is defined as the difference between the value of a property and any loans still outstanding. Higher equity equates to more capital one will be able to receive.

Valuation
This is the process by which a surveyor will appraise the value of a home and any correlating property. As home improvement loans may depend largely on the amount of equity attached, many lenders will require a valuation before progressing with a home improvement loan. This is often done at no expense to the borrower as it is in the lender’s interest to secure the loan.

These are a handful of some of the most commonly utilised terms in reference to home improvement loans. It must be stressed that the loan process can be a tricky process and therefore it is sound advice to seek the help of a qualified professional.

James Miller has been writing on financial topics for more than 5 years. Read his tips on how to finance your next home improvement on the homeimprovementloans.org.uk website.

When is it Right to Take Out a Payday Loan?

If you have ever had money problems, you know what it is like to feel worried because you have no options. Fortunately, payday loans exist to help people like you get through a tough financial period in your life. However, you need to have the right information to have a good experience with these kinds of companies. Here are some tips to help you.

Be certain you know how many more fees you incur, when you choose to “rollover” your loan. You may think you are giving yourself more time to pay the loan back, but you are also incurring more fees on your account. Ask what fees are involved, in a rollover before you do one.

Before you apply for a payday loan, make sure you will be able to pay it back after the loan term ends. Typically, the loan term can end after only about two weeks. Payday loans are just for those who can pay them back quickly. Make sure you will be getting paid sometime very soon before applying.

It is important not to use payday loans to pay for luxury items, such as TV’s or vacations. They are best used in cases where there is an emergency, or a bill you cannot pay on time. If you need money for luxury items, it is better to look for a loan from your bank, or a low-interest credit card. The interest charged on this type of credit will always be less than a payday loan.

Consider how much you honestly need the money that you are considering borrowing. If it is something that could wait until you have the money to buy, put it off. You will likely find that payday loans are not an affordable option to buy a big TV for a football game. Limit your borrowing through these lenders to emergency situations.

If timing is a non-issue, look to a loan through your bank, or credit union before considering a payday loan. A personal loan through your financial institution normally includes lower fees, and interest rates than a similar loan through a payday lender. As well, the loan can help build up your overall credit limit with your bank, meaning you have more flexibility in the future.

Getting the right information before applying for a payday loan is critical. You need to go into it calmly. Hopefully, the tips in this article have prepared you to get a payday loan that can help you, but also one that you can pay back easily. Take your time and choose the right company so you have a good experience with payday loans.

How the Top Guaranteed Secured Loan Lenders Compare

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:

  1. Norton Finance
  2. Central Trust
  3. Jigsaw Money
  4. Blemain Finance
  5. 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.

Are Guaranteed Secured Loans a Low Cost Option?

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.

Are Guaranteed Loans a Myth?

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. Unsecured Loans OnlineThis 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.

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