Last post: Aug 27, 2012
We’re pleased to announce that through a new partnership with one of our specialist private lending institutions we are able to offer unsecured loans to professionals (doctors, lawyers, dentists etc) in up to £25,000 for terms from 1-3 years.
We're pleased to announce that through a new partnership with one of our specialist private lending institutions we are able to offer unsecured loans to professionals (doctors, lawyers, dentists etc) in up to £25,000 for terms from 1-3 years. Unsecured loans have been a very difficult market for everyone since the credit crunch began. While Homeowners have benefitted from a surge in lending in the Secured Loan market (where even those with poor credit can get loans up to 75% LTV and separately up to £10,000 is available to anyone regardless of LTV but subject to affordability) the Unsecured Loan market has been moribund and open only to those with pristine credit records. At Choice Loans during this time we have been constantly striving to find new lenders to present further Unsecured loan options to our customers and while this new product won't benefit everyone, it is a promising sign of things beginning to change. The Unsecured loans for Professionals typically have an interest rate of 7-9% (depending on circumstance, of course) and where there is a partnership a larger loan will be considered with a rule of thumb of £25,000 per partner available, again subject to terms and conditions. For this product, please do not apply on our Unsecured Loan page (as this will cause you to apply to our mainstream Lenders) but call us in the office on 0845 1260350
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