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£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

www.promisemoney.co.uk

01902 585052

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2 out of 3 borrowers get a lower rate than our representative example of a regulated secured loan below:

Mortgages and Remortgages

Representative example

£80,000 over 240 months at an APRC OF 4.3% and a discounted variable annual interest rate for two years of 2.12% at £408.99 per month followed by 36 payments of £475.59 and 180 payments of £509.44. The total charge for credit is £39,873 which includes a £995 broker / processing fee and £125 application fee. Total repayable £119,873.

Secured / Second Charge Loans

Representative example

£63,000 over 228 months at an APRC OF 6.1% and an annual interest rate of 5.39% (Fixed for five years – variable thereafter) would be £463.09 per month, total charge for credit is £42,584.52 which includes a £2,690 broker / processing fee. Total repayable £105,584.52.

Unsecured Loans

Representative example

£4,000 over 36 months at an APR OF 49.9% (fixed) and an annual interest rate of 49.9% would be £216.21, total charge for credit is £3,783.56. Total repayable £7,783.56.


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.


If you have been introduced to Promise Money by a third party / affiliate, Promise may pay them a share of any fees or commission it earns. Written terms available on request. Loans are subject to affordability status and available to UK residents aged 18 or over. Promise Money is a trading style of Promise Solutions Ltd. Promise Solutions is a broker offering products which represent the whole of the specialist second mortgage market and is authorised and regulated by the Financial Conduct Authority – Number 681423.