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Bad Credit Consolidation Loans

The Consolidation Loan is a process that one can say, converts a number of loans into a loan that's an ultimate one and a person is often able to reduce his/her liability of paying the higher rate of interests. And also if a person is not a home owner he/she can opt for a Consolidation Loan.

So, Debt consolidation entails borrowing of one loan to pay off the many other existing ones and it's often done to secure a lower & fixed interest rate, or for the convenience of servicing only one loan.

Debts Consolidation Loans UK

Lender name :: MoneyBack Bank
Loan Type: Debts Consolidationl Loan
Typical APR: For an amount of : £5,000, The fixed typical APR charged is 7.8% APR.
Interest rate notes: Available via intermediaries only. Rates dependent on credit rating and LTV. Min Loan is £5,000, Max up to £100,000, Max LTV:80% to 100%. The minimum term is 5 years and Maximum 25 yrs. Properties not accepted: Freehold flats (acceptable in Scotland only), agricultural restrictions, more than 10 acres of land, with Right to buy tenanted properties, Commercial use, Leasehold where the term of the lease is less than the term, Pre-emption discount is acceptable only when the claw back percentage is added to the mortgage balance / LTV.
Is it Secured on Property: YES 
Early repayment penalties: YES (1)
Flexible repayment options: NO 
Repayment
Period.
[4 - 25 Years]
"P.S. : (1) Early Repayment charge is current month interest plus 1 month.
Figures quoted are only approximates, please refer to the Provider for an exact quote."

More Debts Consolidation Loan help

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