A secured loan of £19,000 payable over 5 years on a fixed rate of 9.50% would require 60 monthly payments of £420.02. The total amount repayable would be £25,201.20, this includes interest and a product fee of £999. The overall cost for comparison is 12.4% APRC representative.
We’re an independently owned specialist secured loan lender in the UK and are part of the Norfolk Capital Group of companies that have been providing secured loans since 1988. We provide loans from £3,000 to £250,000 for UK homeowners. Central Trust are authorised and regulated by the Financial Conduct Authority providing an advice and recommendation service which means we will always act in your best interest to ensure the product we recommend fully meets your needs and circumstances.