Previously banks are the only one known to be a reliable source for Secured Loans. Now, there are many licensed lenders who have emerged in the market. Frisky Loans connects you with network of licensed lenders where you can apply & avail secured loan effortlessly. You need to use an asset which values a tad bit higher than the requested amount. It is not that hard to gain the lender’s trust with an asset involving.
Online procedures did make things transparent and hustle free for the borrowers. You can get to know quick updates concerning your loan application. Many lenders are reliable enough to provide the loan amount based on the collateral value.
Get started with the Online Application to avail a suitable loan for you.
You will get timely and quick answers on your Loan Application.
You will get the loan amount as soon as possible into your bank accounts upon approval of your loan application.
Representative Example : £1000 loan amount taken for 15-months tenure at APR of 35.99% will have a final repayment amount of £1,256.55 with a payable interest amount of £256.55, and a monthly installment of £83.77. The loan amount can be repaid in installments at a monthly amount of £102.90.
A Secured loan is a kind of a quick cash loan which is primarily borrowed to overcome immediate financial emergencies. They are the typical quick cash loans which require a definite security or collateral to be placed as surety in exchange to borrow a loan. Most lenders provide the secured loans to people irrespective of their credit histories, as long as it is backed by a surety.
The Secured Loans are one of the most common & convenient quick cash loans that are borrowed during financial emergencies. It can be availed as a lump sum amount and, can be repaid slowly as scheduled. The repayment amount and, the APR is fixed. So, the borrower can plan the monthly budget accordingly. The loan amount should be repaid on time or, the lender may take appropriate actions. Since there is a definite asset at stake, there is a risk of losing it to the lender in case of non-repayment of the loan.
At FriskyLoans, our financiers will approve your loan applications for amounts starting from £100, up to a maximum amount of £10000, which will come imposed with 35.99% Representative APR (variable). The final imposed terms will depend on many factors like credit scores, loan amount, loan type, loan tenure, etc. However, it is important to choose an amount which you really need and not borrow in excess.
Our financiers at FriskyLoans do not impose many restrictions regarding the usage of the secured loan funds. However, it is advised that the borrowed amount is used only for genuine purposes and to overcome your immediate financial exigencies. You can use the secured loan funds for paying utility bills, for repairs, for medical needs, for making purchases, etc. But it should be repaid on time or the lender may seize your collateral.
Undoubtedly, you are the only person who can decide that. You could start by exploring well about the secured loans, their advantages & disadvantages, etc. If you have any queries, you could get in touch with our representatives for resolving your queries. You could consider your requirements, preferences, and limitations, and decide if availing a secured loan is the right choice for you.