Competitive Interest Rates On Many £25000 Loan Plans.
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Here at First Choice Finance after over 25 years in the loan sector, we understand that £25,000 can be a life changing amount of money. £25,000 could buy a major quality new car, provide you with the means to extend your house or perform some much needed home improvements, it could even facilitate your dream wedding or taking a world cruise. Many people also use the £25,000 to carry out some debt consolidation and get back in control of their finances - perhaps after finding it difficult to keep up repayments on credit / store cards or other loans.
If you are not in the lucky few who have that kind of disposable money instantly available, then you may need to find a loan product to borrow the twenty five thousand pounds. Fortunately our lenders plans allow the money to be used for virtually any purpose and are available for people with all sorts of backgrounds. If you would like to find out what the figures would be for your scenario give our UK based loan team a call confidentially on our mobile friendly number 0333 003 1505, or 0800 298 3000 (free phone), alternatively fill in our 1 minute on line enquiry form and we will discuss your options and provide you with a free no obligation quote.
If you end up wanting a different amount other than £25,000 then that is fine, we can arrange any purpose £3,000 to £150,000 loans that could enable you to spend the money where you see fit and spread the payments over 3 to 35 years to suit your budget. You can also pay the loan of early at any time on some plans and will only have to pay the capital back that is outstanding at the time along with just two months interest.
Many people`s first port of call for a £25,000 loan or second mortgage might be to head for a high street bank and although they will be able to help some people, it isn`t always your only option. Unfortunately not all of us have a pristine credit record, life is not always straight forward and sometimes the inevitable trials and tribulations result in us damaging our credit record through missing certain payment deadlines. However all may not be lost, if you have been turned down for a loan from the bank whether it was for £7,500 or £25,000 we may still be able help. For these large loans many providers offer secured loans. These can be very flexible in terms of your credit history but are for homeowners or mortgage payers only and you will need some equity in your home to give the lender security. We deal with many specialist lenders that are not available on the high street that have a great choice of loan plans for people with good, fair or even bad credit.
You could have bad credit for a number of reasons: Missed payments, defaults, CCJs, IVA, bankruptcy or even you could get declined for a loan for something as small as not being registered on the voters roll at your residential address.
A 25000 loan can also be classed as a large personal loan. A personal loan is suitable for larger, one-off purchases or large unexpected expenses that you need to raise money for, but do not want to raise the money against your property as you would with a secured loan. They are also often referred to as unsecured loans. As you do not need to secure your loan against a property large personal loans can be ideal for tenants. For more information on our tenant and homeowner unsecured loans please head over to our page on tenant loans or give us a call. We do have access to tenant loans both with and without a guarantor, the maximum advance tends to be up to £15,000 over a period of up to 5 years
Alternatively a personal secured loan of £25,000 would normally be paid off via fixed monthly payments over a set period, often up to a twenty five year term. Please bear in mind if you opt for a secured loan these are secured on your property and carry the same risks as a mortgage. If you are ready to discover more, start the ball rolling by filling in our online application form at the top right of the page to receive a free quote with no obligation to proceed.
It is always important to know what your loan payments are going to be for any loan you take out especially if you are securing a £25000 loan on your property effectively as a second mortgage. Budgeting is key for your financial health. First Choice Finance has a range of calculators available for you to determine your term and your monthly repayments and our loan team will help to make sure your loan is in line with your expectations. You can even use our remortgage calculator to compare the cost of a secured loan to a remortgage and see which might be more suited to your individual circumstance. To test out some different loan plans with alternative terms and interest rates to see what the loan payments for a £25,000 loan would be head over to our loan calculators page.
If you are looking for a loan and fear that your credit score may be too low for even some bad credit loans there are other ways of raising some money that do not require you to have a good credit history. These loans are referred to as guarantor loans and First Choice can provide you with access guarantor loan lending plans in the market who can talk you through how this type of loan could work for you. To give you an idea of this type of loan, rather than relying on your credit history to ensure you meet the repayments of your loan, a guarantor, often a family member or friend signs a contract with the lender stating that in the event that you cannot make a payment, they will continue to make the repayments until the loan is paid off or you resume payments. The guarantors credit history is the one more influential on the lending decision. Although you will not be able to borrow a £25000 unsecured loan via a guarantor you can borrow a substantial amount of money, sometimes up to £10,000. If you want to talk this through with one of our loan specialists directly call on 0800 298 3000 and let a person, not just a computer help decide if it is the right loan for you.
Homeowner Secured Loans
Established In 1988. Company Registration Number 2316399. Authorised & Regulated By The Financial Conduct Authority (FCA). Firm Reference Number 302981. Mortgages & Homeowner Secured Loans Are Secured On Your Home
First Choice Finance is a trading style of First Choice Funding Limited of The Old Courtyard, 103 Buxton Road, High Lane, Stockport, Cheshire. SK6 8DX. Copyright protected 2014-2018.