With an overall loan to value offerings of up to 95% and fixed rates as low as 2.97%, see if you can get a homeowner loan for renovations, debt consolidation, a new car or anything you like. No brokers fees and easy applications. Get the money you need or save money consolidating your high-cost unsecured credit with a trusted brand. No discrimination policy – all ages and all types of employment situations are acceptable.
Co-operative Bank Secured Loans
Secured loans, often called home equity loans, can be applied for in Co-operative Bank, all that is required is a savings account with the bank. The contents and previous transactions will serve as collateral for the secured loan. Secured loans also require that you use your home as collateral. Rather than other types of loans, there is usually a low-interest rate on a secured loan.
The amount of secured loan you are eligible to be within the limit of the amount you have in your home equity. Let’s assume you have £10,000; you will be eligible for a £10,000 secured loan. The beauty of secured loans starts from the ease that comes with obtaining one; credit rating is not also considered in giving out a secured loan. You won’t need stellar credit to be able to get a secured loan from Co-Operative Bank.
More so, by obtaining a secured loan, you have a medium to steadily repair your credit score with a regular monthly repayment plan in place. With your bad credit, you would have had to battle with a high-interest rate on an unsecured loan. Usually, there is always a flexible repayment plan depending on the value of the secured loan. You can even get a payment holiday on a secured loan taken from Co-Operative Bank.
As a pensioner, self-employed, or anyone without a guarantor, a secured loan could help you out of financial embarrassment. There are no fees, hidden charges, or broker fees as it is on other forms of loans.
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Direct contact details
The Co-operative Bank is covered by the FSCS.
The Co-operative Bank, Platform, smile and Britannia are trading names of The Co-operative Bank p.l.c., P.O. Box 101, 1 Balloon Street, Manchester M60 4EP. Registered in England and Wales No. 990937.
The Co‑operative Bank p.l.c. is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (No. 121885). The Co‑operative Bank, Platform, smile and Britannia are trading names of The Co‑operative Bank p.l.c., P.O. Box 101, 1 Balloon Street, Manchester M60 4EP. Registered in England and Wales No.990937. Credit facilities are provided by The Co‑operative Bank p.l.c. and are subject to status and our lending policy. The Bank reserves the right to decline any application for an account or credit facility. The Co‑operative Bank p.l.c. subscribes to the Standards of Lending Practice which are monitored by the Lending Standards Board.