Home » Finance

Quick Secured Loans When You Need Money Fast

Apr 21, 2008
Many Brits are taking advantage of the tremendous opportunity to find quick secured loans through online independent loan brokers. Secured loans have become more and more popular, as homeowner loans and other personal secured products have been offered at very low rates. Many lenders have been passing on Bank of England base rate cuts to their customers, which have provided great APR financing opportunities to customers.

Secured loans are simply loans awarded based on the provision of a secured asset by the borrower. Most borrowers offer both secured and unsecured loan products, but secured debt is much less of a risk for the lender. When the borrower gives the lender a property lien to receive a loan, he is essentially promising to repay his debt, or award the collateral in lieu of the inability to do so. Because of the risk reduction, most lenders have better rates and offer higher loan amounts to secured borrowers. Many bad credit borrowers rely on secured loan products to obtain debt as they find unbelievably high rates, or no offers at all without security.

With the continual development and growth of the internet and web-based technology, consumers are finding it more and more efficient to obtain quotes and to have access to quick secured loans. Many online brokers offer searchable databases, or simply collect customer data and preferences, and then promptly deliver product options and rates. Brokers are very good about taking a borrower's needs and interests, and helping match those up with the best loan product and best rate available from their collection of providers.

The amount of debt available from a quick secured loan varies. Lenders look at the borrower's credit history, as well as the value and equity of the secured asset. The more value and equity in the secured property, the less risk there is to the lender. Lenders also look at income, but this is not quite as relevant with secured lending, again because of the assumption that a borrower is putting up collateral because they can manage the debt.

Many lenders offer secured loan products, or any purpose loans, for up to 250,000 pounds for lenders with good credit and good property value. Some people want loans for much less, and many lenders have great rates and products for loans as little as 5,000 pounds. Regardless of the situation, brokers can help lenders with security to offer.

The best way for an individual consumer to get the best product at the best rate is to develop good borrowing habits, and become knowledgeable about the loan environment. Many consumers instinctively turn to banks or big lenders, but brokers often can help look at all the available options.

Depending on consumer needs, certain loans may be more advantageous. Additionally, some loan discounts are available for certain borrowers, certain situations, or from certain providers. Debt should be used responsibly, but for consumers need a quick secured loan, there are many options and many benefits to finding the best loan product.
About the Author
Louis Rix is Director of Netloans Ltd, a leading Secured Loan Broker for UK Homeowners offering a secured loan service and homeowner loans for any purpose, ensuring that their customers get the best loan deal.
Rating:
Please Rate:
(Average: Not rated)
Views: 189
Print Email Report Share
Article Categories
    • Artists
    • Gambling
    • Humanities
    • Humor
    • Movies
    • Music
    • Photography
    • Tattoos
    • Television
    • Classic Cars
    • Motorcycles
    • Recreational Vehicles
    • SUVs
    • Trucks
    • Vans
    • Branding
    • Business Opportunities
    • Careers and Jobs
    • Corporate
    • Customer Service
    • Direct Mail
    • Entrepreneurship
    • Ethics
    • Financing
    • Franchising
    • Home-Based Business
    • Human Resources
    • Import and Export
    • Leadership
    • Management
    • Market Research
    • Marketing and Advertising
    • Negotiation
    • Network Marketing
    • Networking
    • Organizational
    • Presentation
    • Project Management
    • Public Relations
    • Small Business
    • Strategic Planning
    • Team Building
    • Telemarketing
    • Training
    • Data Recovery
    • Databases
    • Games
    • Hardware
    • Networks
    • Operating Systems
    • Programming
    • Security
    • Software
    • Spyware and Viruses
    • Ask an Expert
    • College and University
    • Home Schooling
    • K-12
    • Languages
    • Online Education
    • Psychology
    • Coffee
    • Cooking
    • Gourmet
    • Recipes
    • Wine and Spirits
    • Acne
    • Aerobics
    • Alternative Medicine
    • Beauty
    • Cancer
    • Cosmetics
    • Depression
    • Diabetes
    • Diseases and Conditions
    • Fitness Equipment
    • Fitness
    • Hair Loss
    • Heart Disease
    • Medicine
    • Men's Health
    • Muscle Building
    • Nutrition
    • Skin Care
    • Supplements and Vitamins
    • Weight Loss
    • Women's Health
    • Yoga
    • Arts and Crafts
    • Babies
    • Collecting
    • Elderly Care
    • Genealogy
    • Hobbies
    • Parenting
    • Pets
    • Pregnancy
    • Woodworking
    • Feng Shui
    • Gardening
    • Home Appliances
    • Home Security
    • Interior Design
    • Landscaping
    • Affiliate Programs
    • Article Marketing
    • Auctions
    • Audio
    • Banner Advertising
    • Blogging
    • Broadband
    • Domain Names
    • E-Books
    • E-Commerce
    • Email Marketing
    • Ezines and Newsletters
    • Forums
    • Internet Marketing
    • Link Popularity
    • Pay-Per-Click
    • Podcasting
    • RSS
    • Search Engine Marketing
    • Search Engine Optimization
    • Security
    • Social Media
    • Spam
    • Video
    • Viral Marketing
    • Web Design
    • Web Development
    • Web Hosting
    • Copyright
    • Cyber Law
    • Intellectual Property
    • National, State, Local
    • Patents
    • Regulatory Compliance
    • Trademarks
    • Buying
    • Selling
    • Baseball
    • Basketball
    • Boating
    • Cycling
    • Extreme Sports
    • Fishing
    • Football
    • Golf
    • Hockey
    • Hunting
    • Martial Arts
    • Running
    • Scuba Diving
    • Soccer
    • Swimming
    • Tennis
    • Dating
    • Divorce
    • Marriage
    • Weddings
    • Astrology
    • Buddhism
    • Christianity
    • Faith
    • Hinduism
    • Islam
    • Judaism
    • Meditation
    • Metaphysical
    • New Age
    • Cable and Satellite TV
    • Cell Phones
    • Communication
    • Gadgets and Gizmos
    • GPS
    • Satellite Radio
    • Video Conferencing
    • VoIP
    • Addictions
    • Coaching
    • Goal Setting
    • Motivational
    • Stress Management
    • Time Management
    • Clothing
    • Electronics
    • Fashion
    • Gifts
    • Jewelry
    • Causes and Organizations
    • Environment
    • History
    • Holidays
    • Men's Issues
    • Nature
    • Philosophy
    • Politics
    • Women's Issues
    • World Affairs
    • Air Travel
    • Camping
    • Cruises
    • Destinations
    • Outdoors
    • Article Writing
    • Book Reviews
    • Copywriting
    • Fiction
    • Non-Fiction
    • Poetry
    • Quotes
    • Screenplay
    • Tools and Resources