Loans

All the loans that we offer are arranged through Platinum Funding Ltd (our sister company) and are secured on property. Our consumer credit licnese number is 7. We are an appointed representative of Bollinger Finance so we can also arrange insurance.

Another term for this is a 'charge'. i.e. If you have a mortgage and want a secured loan it would be classed as a Second Charge, if your looking for a remortgage so we would pay off all your existing secured loans this would be classed as a 'First Charge'. You also chose how long you want it over from 3 years to 25 years.

The loans can be used for any purpose, home improvements, new purchases, holidays but the most popular is consolidation of existing smaller more expensive debts. Below is a case study for your information:

Example: Mr Smith has several ongoing financial commitments:
Debtor
Amount

Payment (monthly)
Unsecured Loan
£ 8000

£ 230.00
Car Finance
£ 7600

£ 185.00
Credit Card
£ 3000

£ 100.00
Store Card
£ 1700

£ 85.00
Catalogue Company
£ 1400

£ 55.00
Bank Overdraft
£ 2500

£ 50.00
6 Different Payments!!!
£24,200

£705.00

A typical loan with us for £25,000 to pay off these debts will cost £352.08. (120 payments APR 12.2%) Saving each month (over 50%) £ 352.92 & a lot of hassle making 6 other payments.

Please note that secured loans are not regulated by the Financial Services Authority.