Interest Only
The interest only method of payment has become increasingly popular within secured loans. With this type of payment, the borrower pays only the interest. The remainder of the loan amount is paid off as a lump sum payment at the end of the repayment period.
Interest only loans make the most sense when you are borrowing a large chunk of money. Interest-only loans aren't specifically intended for the long haul. Some lenders say most borrowers who borrow this type of loan, either sell their homes or refinance before the interest only period ends.
For more information about our ,repayment options fill apply online or contact us on 08001696570 and one of our advisors will be able to help you. Our qualified and specialist advisors always endeavour to deliver word class service and provide TCF from the minute you contact us to the minute you receive your loan. Why not let us help you decide what is best for your future?
Our typical, variable rate is 14.9% APR. Rates range from 7.3% to 30.0% APR.
Think carefully before securing debts against your home. Your home may be repossessed if you do not keep up repayments on a mortgage or any other debt secured on it.