By using a secured loan calculator … All lenders outline their own unique lending criteria and quote interest rates based on various factors. Secured loans use your asset as security, making them a common option for people who need a substantial sum of money but who have a low credit score. Norton Financial Services Limited is authorised and regulated by the Financial Conduct Authority under Firm reference number 307785. Can I calculate what fees I will need to pay? In some circumstances, lenders will lend up to 6 times your salary subject to other qualifying criteria. The calculator is for illustrative purposes only. It is quick and simple and takes just a few minutes to complete. If you want to see how a loan agreement breaks down on a month-by-month basis, our secured loan and mortgage calculator can help. Second charge mortgages for homeowners in England, Wales and Mainland Scotland. Get a quote today for a personal illustration from our award winning broker. We receive a commission from the lenders we introduce you to if you subsequently take out a loan with them. PLEASE ASK FOR A PERSONALISED ILLUSTRATION. We compare loans that can be paid back over terms of between one and 25 years. If you repay a loan in full you could be charged an early repayment penalty of between one to two months’ interest. The amount of time may vary depending on your case and how complex your application is. That’s why we can give you an ‘in principle’ decision on your loan application within 24 hours. If you continue to use this site we will assume that you are happy with it. You can filter the top offers from across the market based on your specific borrowing needs. Short-term fixed-rate secured loan: These work as a blend between the previous two. The fees payable will very depending on the lender and the amount of loan requested. Get a quote today for a personal illustration from our award winning broker. You should be able to find the amount on your loan agreement. Copyright © 1998-2021 Norton Financial Services Ltd. All Rights Reserved. Application criteria for this product is: Good service for secured loans with a full brokerage service. Our calculator will show you the most up to date terms that lenders are currently offering. As it's only available to people who own their home, it's often referred to as a homeowner loan. Borrow against your home or a buy to let property. If you’re happy with one of the breakdown of one of the loan products above and want to know more, click the Apply button to the right for more information and to fill in a few quick details about yourself. When using the calculator, the simplest way to come up with a relatively accurate figure, without talking to an advisor, is to base the rate on your credit history. Special surprise or a serious buy – we’ve got a loan you’ll love. Getting a secured loan is a major financial decision that can put your home at risk. An Experts Guide to Homeowner Loans, Car Finance: [The Experts Go-to Guide To Car Finance – All You Need To Know], Car Hire Purchase Explained [Read All You Need To Know], Van Loans & Finance: [The Expert’s Go-to Guide To Van Finance – All You Need To Know], Van Hire Purchase Explained [The Expert’s Guide – Read All You Need To Know], A Guide to Logbook Loans: [The Go-to Guide To Securing A Loan Against Your Car], Payday Loans: [The Expert’s Go-to Guide To Staying Out Of Trouble], Business Loans: [The Experts Guide to successfully financing your business], Big plans for your business? Think carefully before securing other debts against your home. We work exclusively with a limited number of carefully selected lenders. We know that it’s important to stay on top of your finances and make sure your plans aren’t tied up in red tape. The results will give you an idea of how much you’ll pay back over the course of your loan – although the final amount will depend on your personal situation. Variable rate secured loan: Your monthly repayments could go up or down according to changes in the Bank of England base rate. We do not charge broker fees on unsecured loans. Then simply select an amount from the sliders below to choose how much you want to borrow, and for how long. But unlike a comparison site, we’ll also help you manage your application from beginning to end. Calls may be recorded for training purposes. Your actual rates and repayments might differ and will be based on your personal circumstances, the loan amount and term. Lenders on our panel include Norton Home Loans Limited and Allied Credit Limited, who are owned and controlled by the owners of NFM, although Allied is not in the same group as NFM. Norton Finance, Norton House, Mansfield Road, Rotherham, South Yorkshire S60 2DR Tel: 01709 518518 Norton Finance is a trading style of Norton Financial Services Limited - Company Registration Number: 1703503. Secured loans, sometimes called homeowner loans, are tied to the equity you own in your property. If you have ‘bad credit’ it is mostly likely you will pay a higher rate of interest on your loan than compared to someone with no credit issues or ‘good credit’. This is similar to a mortgage and means your home may be repossessed if you cannot make the repayments. The exact amount and Initial Rate payable will be provided from the lender subject to credit and affordability checks. YOUR HOME MAY BE REPOSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT. Whatever you're leaning towards, you'll love our personal loan. If you’re paying out for a number of different loans or credit cards, a debt consolidation loan from Shawbrook Bank could save you money every month in interest. It is important that your mortgage is affordable now and in the future. Then simply select an amount from the sliders below to choose how much you want to borrow, and for how long. Get a quote today for a personal illustration from our award winning broker. A broker will then assess your application requirements and provide you with some options from their lender panel. Enter your loan amount into our calculator and it will give you a break down of the monthly cost of your loan. Read about managing our cookies. We’re an independently owned specialist secured loan lender in the UK and are part of the Norfolk Capital Group of companies that have been providing secured loans since 1988. You can confirm our registration on the FCA’s website www.fca.org.uk or by contacting the FCA on 0800 111 6768. Take out a loan for home improvements or to consolidate other credit committments. Please contact us if you would like to find out more. Borrowing the same amount over 10 years would only cost you £132 a month, but the total interest charged would increase to a whopping £5,850 – that’s £4,250 extra for spreading the cost. Get a quote today for a personal illustration from our award winning broker. Get a quote today for a personal illustration from our award winning broker. The APR interest rate you’ll be charged depends on your personal circumstances, and will usually be between 2.8% and 99.9%. You can vary the loan amount and payment terms to suit your budget. Loans for any legal purpose. Use the calculator below to view rates & repayments as of January, 2021; Low Rates From 3.34 APRC; A quote wont effect your credit score; Borrow long term over 1-30 years; We’ll check your eligibility and compare secured loans … We offer a straightforward, customer friendly approach, both during your application process and after completion of your second charge mortgage. If you’d like to talk through your options, get in touch and we’ll assess your situation to help find the best loan for you. What Are Your Equity Release Options In Retirement? Secured lenders often promise "one easy low monthly repayment". Compare Broadband Deals . Would highly recommend.”, “Efficient, speedy, informative, polite all due to your wonderful staff. The Norton Finance website uses cookies. For each loan type the rate of interest is fixed at the representative APR% – the rate you actually get will depend on numerous factors. You will then be shown an example of how much your monthly repayments could be and the total repayable amount based on an illustrative APR. Our loan calculator gives you an idea of monthly payments and APR. Since most personal loans come with fees and/or insurance, the end cost for them can actually be higher than advertised. Call free on 0800 694 5566 “Norton Finance kept me informed at all stages of the application which was successful. To keep the cost of borrowing down, we suggest borrowing just the minimum you require over the shortest term possible. Loans for all purposes including debt consolidation and home improvements. Get a quote today for a personal illustration from our award winning broker. Should you get a secured loan? Find out what financial factors could be affecting the amount of money you’re able to borrow when ap... How do you know if you’re eligible for a loan? A BROKER FEE OF UP TO 12.5% OF THE LOAN AMOUNT BORROWED, CAPPED AT £3995, MAY BE PAYABLE ON COMPLETION. This calculator can be used for three different loan types – personal loans, guarantor loans and secured loans. Secured loans: Your home may be repossessed if you do not keep up repayments on a mortgage, loan or any other debt secured on it. A secured loan calculator can help you figure out how much your secured loan monthly repayments will be over a specific time frame. We won’t rely on automated credit scores. LOANS ARE SECURED ON PROPERTY. Some may have been set already. Use the secured loan calculator above to get an estimate of the monthly repayment amounts. Start by choosing between a Secured Loan calculator or a Mortgage calculator from the two tabs below. Compare loans side by side and get an online quote within just a few minutes. It's flexible - you can borrow £1,000 - £35,000 and repay over one to five years. Thankyou. Borrow a larger amount over 3 - 30 years secured against your property. The secured loan calculator provided in this article, will help you calculate the monthly installments you will be paying. Santander Personal Loans are available over terms of 1 to 5 years. Alternatives to secured loans. Norton Finance Loans and Norton Finance Mortgages are trading styles of Norton Finance and Mortgages Limited. Get a quote today for a personal illustration from our award winning broker. We will do a credit assessment when you apply and your personal circumstances may affect the rate we can offer you which may differ from the representative APR. Use the secured loan calculator then apply online. The type of loan you choose (secured or unsecured) Secured loan. Buy to Let Mortgages With No Proof of Income, Buy to Let Mortgage With No Minimum Ownership, Buy to Let Mortgages With No Proof of Rental Income, Buy to Let Mortgages With No Credit Check, Buy to Let Mortgages For People on Benefits, Buy to Let Mortgages For Portfolio Landlords, Buy to Let Mortgages on Mainstonettes, Flats & High Rise Buildings, First Time Buyer Mortgages: [The Experts Go-to Guide 2018 – Read All You Need to Know], How To Get A Mortgage With Bad Credit [The Expert’s Go-to Guide], Refused a mortgage? In this article, you will find a calculator which will help you compute your monthly interest payment and total interest charged by the bank or financial institution, by considering the total number of months for which the amount has been borrowed and the rate of interest. Enter in how much you would like to borrow and over how long you’d like to repay it. On average lenders will provide a mortgage based on 4 to 5 times your salary (or combined salary if making a joint application). If you want a home improvements loan, you can repay it over an extended period of up to 10 years. Norton Finance and Mortgages Limited (NFM) is a credit broker and not a lender. Our loan calculator helps you work out how much you could afford to borrow and what your monthly repayments could be. Basically, showing a lender that you’re prepared to put valuable possessions on the line, you tell them how serious you are about paying them back for the loan. Use the equity in your home to secure the loan you need. Whatever your circumstances, Norton Finance can help. We will remind you about this if we introduce you to Norton Home Loans or Allied and will only introduce you to Norton Home Loans or Allied where it is in your best interests. With an Ocean Finance secured loan, you can borrow between £10,000 and £100,000 for between 3 and 25 years. You can choose to repay your loan over 2 to 8 years. Use our loan repayment calculator to compare which are the best secured loans. Finds your cheapest energy & monitors to let you know when to switch again. However, the rates available to you may differ depending on your own personal circumstances and the amount you wish to borrow. Loan Calculator Are you thinking of buying a new car, doing a spot of DIY or tidying up your borrowing but you are not sure how much to borrow? All costs and fees will be explained in advance prior to making any decision to proceed with a loan application. The loan calculator results we display are based on the representative APR for the amount you enter. Compare Travel Money. Credit is available subject to status. THE ACTUAL APRC RATE AVAILABLE WILL DEPEND ON YOUR INDIVIDUAL CIRCUMSTANCES. Apply for a quote above to get a personal illustration from our secured loan experts. Read here about what we're doing at Norton Finance to assist our customers during COVID-19. Retrieve a quote you've started; View loan rates and details; Our loans are only available to members. Here at Oplo we offer secured loans from £1,500 to £50,000 (subject to your personal circumstances) to new and existing customers. Can I use this secured loan calculator with bad credit? Secured loans are guaranteed against an asset you have, such as your home or car. Since we’re a broker and not a bank, we’re not limited to our own products. When you apply for a personal quote the advisor will be able to explain what broker and lender fees apply to the loan. If you want to see how a loan agreement breaks down on a month-by-month basis, our secured loan and mortgage calculator can help. Take out a large loan for personal or business use. However, we’ve been providing a flexible and personalised approach to secured lending since 2004. Address: Jordangate House, Macclesfield, Cheshire, SK11 1EQ. However, it also means the interest rates will be quite competitive compared to an unsecured loan. Alternatively, call FREE on 0800 694 5566 Open 24 hours a day. Compare secured loans with our expert brokers. To find out what interest only secured loan products are available we would suggest you apply for a quote above. Get expert advice on both secured and second charge mortgages. Pros and cons of secured loans With a secured loan, you'll find you can borrow more money over a longer term than with unsecured loans. Secured Loan Calculator Our experts compare the market. United Trust Bank’s highly skilled and experienced specialised mortgage team offers innovative lending products through a panel of approved introducers. For example, if you borrowed £10,000 over three years at 10% interest it would cost you £322 a month or £1,600 in interest charges over that period. Calculate how much your loan will cost and what the monthly repayments will be. Request a quote from our brokers here on the website to get an accurate appraisal from a loan underwriter. Or call 0808 231 5994 any time, for quick phone service. LOANS AND REMORTGAGES ARE SUBJECT TO STATUS. Secured Loans Calculator Our simple to use Second Mortgage calculator allows you to calculate what your repayments could be there and then so you can see all … Don’t worry we can help, What Is A Secured Loan? The broker can give you an estimated time frame upon application. Our Broadband Unbundled tool finds the cheapest broadband, phone and TV. Get a quote today for a personal illustration from our award winning broker. The exact interest rates and loan amount available will depend on your personal circumstances, home equity and affordability. Secured loans are available for homeowners only from £3,000 to £250,000 over a maximum repayment term of 30 years for many lenders. You should always aim to pay off your loan as quickly as you can afford based on the monthly repayments, as interest charges can potentially make a loan more unaffordable over time. That means more choice for you. The calculator here on the page will give you an estimate of the interest charges payable. We were the first new bank to be awarded a banking licence in 2016. The maximum APR we could offer you on any loan amount is 24.9%. The default setting is for personal loans. Use our loan calculator to compare different term times to see how it affects the total cost of the loan. We work hard to make sure we have a wide range of loans to meet our customers' needs. How much can I borrow on a secured loan and what are the repayments? LENDER FEES MAY ALSO APPLY. Available just for members. If you need to raise funds, for example, to make home improvements or get on top of your debts, and you have existing equity in your home, a secured loan could be the right option. Our online secured loan calculator makes it quick and easy to provide an overview of the available options, however, it can be tricky to know exactly which details to enter to obtain an exact result. Panel of Secured Lenders including Privacy Policies, Panel of Unsecured Lenders including Privacy Policies, Privacy Policy, CRAIN and Fair Processing Notice, Equifax Cookie Information and Privacy Notice. A secured loan is money you borrow that's secured against your property. Shows which top cards you're most likely to get. How can I find out the monthly loan repayments? The lender will need to assess the value of your house in order to agree to lend against the property. IF YOU ARE THINKING OF CONSOLIDATING EXISTING BORROWING YOU SHOULD BE AWARE THAT YOU MAY BE EXTENDING THE TERM OF THE DEBT AND INCREASING THE TOTAL AMOUNT YOU REPAY. Expect to wait up to 4 weeks for the loan to complete and for you to recieve the funds from the lender. The broker will be able to explain the requirements to you upon your application. A secured loan, or homeowner loan, is a large loan only available to homeowners. Companies House no: 08652292. Overall Cost For Comparison Loan Amount: £14,500 Monthly Repayment: £353.33 Term of Loan (months): 72 Introducer Fee: £0 Acceptance Fee: £995 Monthly Interest Rate: 1.5% Rate of Interest (Variable) P.A: 18% Total Interest Repayable: £10,939.76 Total Amount Repayable: £25,439.76 Representative APRC: 22.83%. Your personal quote and mortgage illustration will show the exact interest charges payable depending on the interest rate. Simply check your eligibility above to find out how much you can borrow. At Evolution Money, people take the decisions and they look at you, not your credit history or the amount of equity in your home. Open 24 hours a day. The loan is secured on your property hance the name ‘secured loans’. Secured loan rates are decided by a number of factors, according to each lenders criteria. They’ll keep you updated on your loan application – just pick up the phone. This will depend on a range of personal factors such as how much equity you have in your property and affordability of the loan. Most lenders allow loans to be repaid between 3 and 30 years and some lenders allow a maximum term of 25 years. Start by choosing between a Secured Loan calculator or a Mortgage calculator from the two tabs below. * Access the lowest rates as of January, 2021 We’re a credit broker and not a lender. When you request a secured loan quote here on the website the advisor will be able to provide you with how much you can borrow. Nationwide loans calculator; Ready to get your free no-obligation quote? Think carefully before securing other debts against your home. Norton Finance and Mortgages Limited is a credit broker which is authorised and regulated by the Financial Conduct Authority under Firm reference number 589554. Discover mezzanine finance, Asset Finance: Exploring Your Business Finance Options, An Experts Guide to Choosing The Right Business Loan, 5 Alternative Business Finance Options You Should Know, A Guide to Credit Cards: [The Experts Go-to Guide], Income Protection For Pre-existing Conditions, Income Protection That Covers Your Mortgage, Income Protection That Covers Sickness & Illness. Get a quote today for a personal illustration from our award winning broker. Get a quote today for a personal illustration from our award winning broker. During your application process and after COMPLETION of your second charge Mortgages a once in a lifetime or! A larger amount over 3 - 30 years for many lenders interest rates be... 0808 231 5994 any time, for quick phone service was successful to £250,000 over a maximum term... 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