Types of Loans
We’ll help your customers find a personal loan from £1,000 up to £50,000. The personal loans we can help find are unsecured, which means the loan is based upon their credit score and personal situation. It’s not secured by an asset (for example, their home).
You might need an unsecured loan for anything from a new car or home improvements to debt consolidation.
We offer personal loans from a wide panel of lenders, with interest rates being dependent upon your own financial circumstances.
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Representative APR from 9.9%
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Find loans from £1,000 to £50,000
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Get a decision in minutes
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Wide panel of lenders
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Secured loans allow your customer to borrow money while using their home as collateral.
As with other types of loans, they’ll make set monthly repayments to pay back what they owe, plus any interest. The interest rate is calculated as a percentage of the amount they owe, and can be fixed or variable depending on the loan you’ve chosen.
Secured Loans can be an attractive option for those looking to borrow large amounts of money. It can be difficult to borrow more than £25,000 with a Personal Loan, but with secured loans they can often borrow higher.
They can also stretch the loan out for a longer period, making their monthly payments more affordable.
In addition to this, Secured Loans are usually easier to get approved even if you have poor credit or no credit history. This is because using your property as collateral lowers the risk for the lender.
To learn more about secured Loans and to discuss your options, contact us now.
Consumer Credit
Customer financing is targeted at potential customers who are on the fence about buying goods or services from your business because they are deterred by the upfront payment.
Customer financing allows customers to enrol in an affordable payment plan so that they don’t have to pay all at once. Offering customer financing can help you make larger sales, make sales more often, and increase customer loyalty.
Here at FinanceWorks, we offer a range of services to assist you in offering finance to your customers in a variety of sectors. Working with a wide range of lenders we aim to build a bespoke package, unique to your market place and needs. We understand that all businesses are different and delivering the correct finance product can be key to increasing sales and margins.
Your Finance Options Explained
Regulated
Don’t let regulation hold you back from offering finance. There are multiple ways to provide customer finance without the usual stress. We simplify the process and remove the hassle of outdated regulatory models.
Directly Authorised
A free service with nothing to lose!
If you’re a directly authorised business, we’ll help you find the best finance deals available. Many businesses haven’t reviewed their lender partnerships in years — which could be costing them. Our service is completely free, so you’ve got nothing to lose.
Appointed Representative
Discuss finance options with your customers!
Through FinanceWorks, we can help you gain regulatory approval, enabling you to confidently discuss finance options with your customers while ensuring full FCA compliance.
Introducer Appointed Representative
Offer finance via the FinanceWorks quoting system!
Our bespoke FinanceWorks quoting system lets you offer finance quickly and easily, removing most of the cost and admin burden from the traditional regulated model.
Non-Regulated
Offer finance via the FinanceWorks quoting system!
Our bespoke FinanceWorks quoting system lets you offer finance quickly and easily, removing most of the cost and admin burden from the traditional regulated model.
Example Repayment Calculator
The loan calculator below allows you to see example monthly repayment and total amount repayable values. You can enter the amount to display example repayments.
Key features of loans
Customers can pay a deposit if they wish (directly to the trader) or borrow the entire amount.
Overpayments and early repayments can be made at any time. If the customer makes overpayments, they will avoid future interest, and the length of the loan will be reduced.
The customer will need to decide if the loan is right for them. Neither FinanceWorks nor you can give the customer any financial advice.
Loan approval is not guaranteed and the customer will need to complete a short online loan application which will assess their financial circumstances and their ability to repay any loan. The lender will perform a hard search on the customers credit file.
Get in touch with our Onboarding Team
Getting started is simple. Just enter your basic details, and our friendly Onboarding team will be in touch to guide you through the next steps.
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