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Loan Special Offers and Benefits |
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At LoanLine we deal with a variety of reputable lenders who can offer a range of different products providing you with a vast choice when it comes to tailoring your loan to your needs.
Our lenders are Paragon Personal Finance, First Plus Financial Group, First National Home Finance Ltd, Igroup, Halifax, Black Horse Personal Finance and many more.
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Here are just a few of the many options available to you, so be sure to ask us about them when you contact us. |
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Repay Nothing for 6 Months |
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A popular loan that offers a six month repayment holiday at the beginning of your loan. A great way to budget to cover any short term payment requirements with your first payment not being due until 6 months after you take your loan out. |
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Loyalty Reward |
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A loan that rewards you by returning you 20% of your interest back in cash if you do not settle your loan earlier than 10 years or fall into arrears by more than 30 days. If you also take the valuable payment protection cover, you would receive back the value of the premium if no claim is made during the 10 years. A fantastic loan for rewarding customers that remain loyal to their lender.
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Pay less interest by paying more per month. |
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By making additional monthly payments or paying slightly more than your monthly loan payment, you can reduce the time taken to repay your loan in full. This means that you will pay less interest than if you made just the contractual payment, as the interest is charged on the outstanding balance. |
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125% Equity Plans |
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Many of our loan plans will let you borrow more than the current value of your property, up to a maximum of 125%. This means that having only a small amount of equity left in your property does not prevent you obtaining the loan you want and reducing your monthly payments to one manageable monthly instalment. |
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Payment protection cover with Cashback |
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Our loans are all available with comprehensive Life, Accident, Sickness and Unemployment cover. If you are self employed, instead of unemployment cover you would receive hospitalisation cover. Some loans now offer an additional benefit by adding a Cashback of the protection premium, providing you do not make a claim and have made all your payments when due. Not only do you receive back 100% of the insurance premium but also the interest paid on it!
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Early Settlement Rebates |
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An interest rebate is available on all loans that are settled early. The balance outstanding will be calculated and a rebate given on the outstanding interest in accordance with the Consumer Credit Act 1974. Changes were made on the 31 May 2005 where any loans under £25,000 completed after the 31/5/05 and settled early, will be liable for only 1 month penalty interest. On loans above £25,000 our lenders offer different early settlement terms. This information can be provided on request once your application has been accepted by the appropriate lender. It is anticipated that future legislation will bring all early settlements into line with only 1 month penalty interest. |
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Loans for customers with credit problems |
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Having had difficulties in the past or even now, does not mean that you cannot get a loan. Our extensive range of plans covers all eventualities to help you reduce your current outgoings with an affordable loan. On cases with severe credit problems a fee of up to 10% may be charged depending on your circumstances although often this is not necessary. Once we have got you your loan and you have been able to resolve your credit problems, our intention in the future will always be to get you back into a lower rate loan. |
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Fixed rate loan plans for up to 5 years |
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We offer a range of fixed rate loans up to a maximum of 5 years. The interest rate will not vary during this period meaning that you can manage your finances in the knowledge that your repayment will not change. |
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