Equifinance increase lending options for borrowers with adverse credit
Equifinance, the highest LTV heavy adverse secured loans lender, has increased its maximum loan size from £20,000 to £30,000, reveals its official broker, Loans Warehouse.
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The new product will allow clients to borrow from £15,000 to £30,000, up to 65% LTV at 1.95% per month, and is available to borrowers with severe credit problems looking for a fresh start or to improve their credit profile.
Matt Tristram, joint director of secured loan master broker, Loans Warehouse, says:
"Several lenders are making improvements early in 2013, demonstrating a strong desire to lend. Already this week, we've seen Nemo Personal Finance offer the lowest ever secured loan rate of just 5.59% but the changes brought in by Equifinance show how secured loans cater for a wide range of borrowers, not just those with a perfect credit score.
“This new offering provides new lending options that I believe aren’t available elsewhere in the market."
Equifinance have very limited distribution but is available fully packaged, exclusively through Loans Warehouse.
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