FAQs

What is secured loan?

Secured loan is a loan for which the borrower has to give collateral or security to the lender.

Is the loan application process easy?

Yes, the loan application process is easy. It is easy as the loan application can be done online and there is no need for much documentation.

What is APR?

APR means annual percentage rate. It is a rate taking into consideration the rate of interest and other charges charged by the lender.

How cheap a secured loan can be?

The cheapness of a secured loan depends upon the credit worthiness of the borrower and the lenders opinion on him. So, it depends upon the lender to decide at what rate he would be providing the loan to the borrower.

What is bad credit?

Bad credit rather known as bad credit history means a person who has CCJ, IVA, arrears, defaults or bankruptcy to his credit history.

Can I use the loan amount the way I wish?

As these loans are personal loans you can use the loan amount the way you wish to use it.