Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk

Build Your Credit Score With Secured Loans UKApply Now

Previously banks are the only one known to be a reliable source for Secured Loans. Now, lending platforms have emerged with licensed lenders. Frisky Loans is one of such platforms where you can apply for a 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.

Build your Credit Score with Secured Loans UK

Beneficial Factors of Secured Loans

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.

Build your Credit Score

Build Your Credit Score

Low-Interest Rate

Low-Interest Rate

No Restrictions on usage

No Restrictions
On Usage

Quick Disbursal

Quick Disbursal

Tax Benefit

Tax Benefit

Wondering aboutHow this all Works?

Wondering About How this all Works?

Application Form

Get started with the Online Application to avail a suitable loan for you.

Quick Decision

You will get timely and quick answers on your Loan Application.

Prompt Transfers

You will get the loan amount as soon as possible into your bank accounts upon approval of your loan application.

Eligibility Criteria

  • Age – Be 21 years & above
  • Residency – Be A Legal UK Resident
  • Address – Have Permanent UK Address
  • Income – Have Regular Income
  • Bank Account – Have An Active Bank Account
  • Bankruptcy – Not be Bankrupt for the past 1 year

Why Borrowers are Interested in Applying for a Secured Loan With Us?

Required Documents

  • Identity Proof
  • Residency Proof
  • Current Residential Information
  • Permanent Residential Information
  • Regular Income Proof
  • Active Bank Account Details

When you have a reliable asset, it is easy to apply for a secured loan. There is no need to disclose the reason behind the loan application. No lender of ours will impose any restrictions upon loan usage.

APR Disclosure

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.

FriskyLoans is an FCA authorized platform that acts to connect the borrowers with the suitable lenders, but is not to be considered as a direct lender. You can use our website for free without any charges to browse and use our services to apply for a suitable loan. We have a wide network of financiers whose options will be paralleled to choose the best possible lender who will provide a suitable loan according to your preferences at the most considerable APR. Our financiers will provide loans for amounts ranging from £100 up to £5000, accompanied with a maximum APR of 35.99%. The final imposed APR will depend on the loan amount, loan tenure, and many other factors.

FAQ's

What Is A Secured Loan?

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.

The 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.