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Why does APR vary?
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Why does APR vary?

APR varies according to what risk lenders think you are. If you have a better credit rating then you can expect to be offered a lower APR than if you have a poor credit rating. If you want to borrow more money then you will get a different APR again with some lenders.

 

Essential Loans Uses 14 Different Lenders
Here Is A Selection of the criteria
From 6 of the more popular Lenders

 

Lender 1 (FP)
Rates between
6.9%APR and 9.4%APR

 

Lender 4 (F)
Rates between
7.9%APR and 19.9%APR

This lender will advance between £3,000 and £75,000.  Traditional loans only extend to 90% of your home’s value, but this lender is different. They will lend up to 25% more than the value of your home, less your mortgage balance.  As long as you have a clean credit history and spare monthly income after your outgoings you may be able to get a loan with this lender.   This lender will advance between £3,000 and £100,000.  They will lend up to 95% of your home’s value.  They allow some defaults and CCJ’s.
  Lender 2 (P)
Rates between
7.7%APR and 14.9%APR
  Lender 5 (LM)
Rates between
9.4%APR and 16.1%APR
 

This lender will advance between £3,000 and £75,000.  They will lend up to 25% more than the value of your home, less your mortgage balance.  They will consider some poor credit history and you just need to have only 40% of your total income being allocated to your mortgage and your secured loan to be successful.

  This lender will advance between £5,000 and £100,000.  They will lend up to 100% of your home’s value.  They ignore all defaults that are more than 6 months old.  They allow for CCJ’s aslong as your don’t have one more than £3k and all the ones you do have total no more than £12k.
 

Lender 3 (SL)
Rates between
7.9%APR and 19.2%APR

 

Lender 6 (S)
Rates between
13%APR and 22.2%APR

  This lender will advance between £5,000 and £80,000.  They will lend up to 90% of your home’s value.  They ignore all defaults.  And allow you a few county court judgements so poor credit history at a reasonable rate is a possibility.   This lender will advance between £1,000 and £250,000.  They will lend up to 75% of your home’s value.  They ignore all defaults and CCJ’s.  So poor credit history no problem.  They also lend fully to those who have only recently purchased their council house.

Apply for our FREE Loan Service whether you’re looking to save money by clearing all your credit or require a loan for any other purpose. We will give you peace of mind, as we have access to ALL the best rates and loan schemes available. Our FREE service will give you an invaluable insight to what is on offer without any hard sales or obligations.

We will answer your request quickly, usually within 2 hours and you will be delighted with our professional and friendly approach that gives you ALL the options for you to choose.

Amount of Loan
Loan repayment Period (months)
Purpose of Loan
Are you a tennant or a Homeowner we do both
Title
Surname
First Name
Middle Name
Contact Phone Number
Home Phone Number
Mobile Number
Email Address


 

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Wealth Warning. Loans secured on your home put your property at risk if you defaulkt on payments. Loans are a serious subject and you should read the small print carefully.

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