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Large Loans

Your bank may offer 100’s of products and plans.
Promise Money has over 10,000

Why choose us?

Your bank may have 100’s of secured loan plans – we have over 10,000!

Plus, we have…

  • 30 years of experience
  • No upfront fees
  • Friendly and fast advice

Promise Money have secured loan plans available for everyone, including those with credit issues…

Using one of the most comprehensive secured loan panels in the UK, we can search for the best deal for you.


About Loans for £30,000 or more

When borrowing slightly larger loan amounts, unsecured loans are not readily available. It is therefore usual to offer some form of collateral or security for the loan. Larger loans tend to be secured on property, land or commercial property. However, with certain loans, they can be secured on valuable items such as cars, boats, antiques, art or jewellery.

We have loans available from £25,000 to £2,500,000 and we regularly arrange loans in excess of £100,000 secured on property. We have also arranged a £1 million loan secured on an art collection valued at over £5 million.

Loans if you have been declined elsewhere

Secured loans are still available to home owners, even if they had some adverse credit. Self employed applicants can borrow, even if they don’t have fully prepared accounts and loans can be used for personal and business purposes. Interest only loans are also available and we can lend to retired applicants. They can use pension income, benefits and non earned income such as rental income to support the loan.

Loans for business purposes

If the loan is for business purposes, the value of the business, the business premises or the profitability of the business may be taken into consideration. However, it is not unusual for business loans to be secured on the borrower’s residential property and this is perhaps the most straight forward way of borrowing. Banks don’t typically make it easy for business people to get loans and often want them to sign personal guarantees. Our lenders take a much more straight forward approach and consider each application on its merits.


    Find a secured loan

    Enter some details and we will estimate your repayments on our popular loan plans – this will NOT affect your credit rating.

    How much you would like to borrow?

    £

    Type in the box for larger amounts

    For how long?

    yrs

    Use the slider or type into the box

    What best describes your credit rating?

    Perfect: In the last year you have no mortgage arrears, CCJs or defaults. Your credit score is high.

    Your repayments are estimated at

    £249.51 per month


    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.
    Secured / Second Charge Loans secured on land
    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 £117,730.2
    By submitting any information to us, you are confirming you have read and understood the Data Protection & Privacy Policy.

    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 04822774
    Promise Solutions, Fullard House, Neachells Lane, Wolverhampton, WV11 3QG

    Authorised and regulated by the Financial Conduct Authority – Number 681423
    The Financial Conduct Authority does not regulate some forms of commercial / buy-to-let mortgages

    Website www.promisemoney.co.uk