Frequently Asked Questions
How much can I borrow?
£5000 - £150,000 subject to the security you can offer and your ability to repay the loan.
Over what period of time can I spread my loan?
Loans are available over 3 - 30 years subject to status and the lender.
Is my application confidential?
As we are registered under the Data Protection Act we adhere to the guidelines set out by this regulatory body. All applications are treated in the strictest of confidence.
Are there any restrictions on how I spend the money?
The loan can be used for any purpose such as reducing your monthly outgoings by consolidating your existing debt, Home Improvements, Wedding, Car or even a holiday of a lifetime.
What if I move house?
This is not a problem. Depending upon the lender we place you with, you can transfer the charge to your new property or the outstanding loan balance will be repaid from the proceeds of the sale.
How do I borrow more money in the future?
Call Loantruducer and we will provide you with a quote for a further advance, either with the same lender or a lender who suits your current circumstances.
What if I become ill or made redundant?
Payment Protection Cover is available to cover you against this eventuality. Subject to certain exclusions and terms your payments will be made for you directly by the Insurer.
How do I repay my loan?
Loans are repaid by direct debit through the bank or building society.
What if I have any problems or queries?
You can contact us at Loantroducer.com complete the call me back section and we will get in touch and assist you with your enquiry.
How long will the loan take to arrange?
That can depend on how quickly you want it, we aim to have all loans completed within 14 days from application taking into account any statutory consideration periods that apply. The sooner we receive all the information required the quicker you will have your loan.
Is it safe to apply online and will my details be secure?
Yes it is, as our website is encrypted which means that the data you enter is protected.
Are fixed intrest rates available?
We are able to offer interest rates fixed for up to five years.
What will it cost me to apply for my loan?
Loantroducer.com do not charge any upfront fees.
What will my loan cost each month?
This depends on how much you borrow and what period you wish to repay it over.
Are there any other costs?
No. The figure on your credit agreement is the amount you pay.
Will you contact my employer?
We will not contact them without your prior consent. If you cannot provide wage slips we may ask your permission to obtain a reference from your employer.
Can I repay more than the monthly repayment?
Yes, many of our loans allow you to pay above your standard repayment. This means you will be able to clear your loan in full sooner than the original term.
Can I get a loan if I have a poor credit rating / arrears / CCJ's
Yes, we have experience in helping people with a poor credit history. You may consider clearing some or all of your credit to reduce your monthly bills. (Typical 12.7)
What will happen after I apply?
We will assess your request and match it with the best option from our panel of lenders. We aim to approve in principal within 24 hours of your application and you will be kept informed by your dedicated underwriter at all stages.
