Frequently asked questions
(For UK home owners only)
Question: How much can I borrow?
Answer: There are several factors to consider, including monthly income and property equity. The most important considerations are that you can afford the monthly repayments and you are a homeowner/mortgage payer.
Question: Over what period of time can I repay my loan repayments?
Answer: This is solely up to you and depends on how much you can afford each month. Ensure the repayment plan suits you before agreeing to the loan.
Question: What can I use the loan for?
Answer: Anything you want. Perhaps you'd like to buy a new car, boat or caravan? You might chose to clear all your debts and replace them with one lower and more manageable monthly payment.
Question: What happens if I'm ill and can't work or if I'm made redundant?
Answer: Many loan companies will offer and recommend, optional accident, sickness and redundancy cover to ensure peace of mind. Life assurance can also be arranged and some plans offer this for free.
Information provided by Easy Loans, www.easy-loans.co.uk