£50000 secured loan bonus
£50000 secured loan bonus
Earn an additional £300 bonus on your large loans
Plus we average a big loan commission of £1,800
On loans above £50,000 earn an extra £300
On loans above £35,000 earn an extra £150
Typical Big Secured Loan case studies
- £300,000 needed for small business loans purposes but accounts were showing poor profit
We offered a 3 year loan at 9.9% with the interest rolled into the advance so no repayments to worry about - Client needed £94,000 loan at a high LTV to clear outstanding credit
We arranged a loan at up to 85% LTV which cut his outgoings by 2/3rds - Our self employed client needed £100,000 to complete a major refurbishment
His accounts were not up to date but he had bank statements to show recent income
He could borrow the whole amount at 7.9% despite not having moved back in yet - This borrower was aged 72 and needed £80,000 on an interest only basis for 5 years
Not a problem - Another client wanted to borrow £150,000 secured as a second charge against a BTL property
This was easy as the tenancy agreement confirmed sufficient rental income to support the loan - A client had bad credit and wanted a £40,000 bad credit loan to pay off an IVA
We had a number lenders prepared to accept this case
This bonus applies to all loans over £35000 submitted during May
Irrespective of the completion date subject to a minimum 5% packaging fee
01902 585052
Promise Money is a broker not a lender. Therefore we offer lenders representing the whole of market for mortgages, secured loans, bridging finance, commercial mortgages and development finance. These loans are secured on property and subject to the borrowers status.
More than 50% of borrowers receive offers better than our representative examples
The %APR rate you will be offered is dependent on your personal circumstances.
Mortgages and Remortgages
Representative example
Borrow £270,000 over 300 months at 7.1% APRC representative at a fixed rate of 4.79% for 60 months at £1,539.39 per month and thereafter 240 instalments of £2050.55 at 8.49% or the lender’s current variable rate at the time. The total charge for credit is £317,807.66 which includes £2,500 advice / processing fees and £125 application fee. Total repayable £587,807.66
Secured / Second Charge Loans
Representative example
Borrow £62,000 over 180 months at 9.9% APRC representative at a fixed rate of 7.85% for 60 months at £622.09 per month and thereafter 120 instalments of £667.54 at 9.49% or the lender’s current variable rate at the time. The total charge for credit is £55,730.20 which includes £2,660 advice / processing fees and £125 application fee. Total repayable £117,730.20
Unsecured Loans
Representative example
Annual Interest Rate (fixed) is 49.7% p.a. with a Representative 49.7% APR, based on borrowing £5,000 and repaying this over 36 monthly repayments. Monthly repayment is £243.57 with a total amount repayable of £8,768.52 which includes the total interest repayable of £3,768.52.
THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME
REPAYING YOUR DEBTS OVER A LONGER PERIOD CAN REDUCE YOUR PAYMENTS BUT COULD INCREASE THE TOTAL INTEREST YOU PAY. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.
Promise Money is a trading style of Promise Solutions Ltd – Company number 04822774Promise Solutions, Fullard House, Neachells Lane, Wolverhampton, WV11 3QG
Authorised and regulated by the Financial Conduct Authority – Number 681423The Financial Conduct Authority does not regulate some forms of commercial / buy-to-let mortgages
Website www.promisemoney.co.uk