Frequently asked questions

What amount can I borrow? When shall I have to pay the amount borrowed?
We offer loans and mortgages from £3000 to £500,000 and even more depending on the customers needs. The amount can be repaid in 3- 25 years.

What are the uses which the loan amount can be put to?
The loan or mortgage amount can be put to any use whatsoever. It can be used to pay debts, to buy cars and other accessories, and to go on a holiday; even though the loan or the mortgage had been taken for some other purposes.

Can I over pay? Can I repay my loan early?
Regarding the first question, unfortunately, we don’t offer any over payment facility. The loan amount is decided according to the interest rate and the tenure of the loan. But there is no restriction regarding prepayment of the loan. A rebate on the remaining amount of the loan is given.

Can I move home, if the home has been kept as collateral?
Of-course! You are just required to pay off the outstanding balance of the loan from the sale of your house. Alternately you can transfer the loan to the new property.

Is there any facility to protect my repayments?
We offer accident, sickness and redundancy cover with all our loans. It can be taken at a small extra payment. It ensures peace and tranquility of mind.

What is the procedure for taking more loans in the future?
Since we are aware of most of the details about the customer, he is not required to fill in all the details. He is only required to inform about the changes that may have taken place. This is a part of our policy to retain our original customers.

Do I need to be a homeowner to apply for a loan?
It is not necessary to be a homeowner to apply for our loans and mortgages.
We offer loans to tenants too.

What is the time within which the loan will get approved?
Though we do not guarantee the time within which the loan will be approved, we take utmost efforts to approve the loan in a week or so. Immediately after a customer applies online, he receives a call from our representatives. They, after ascertaining the need, will forward your application. You may be called once to fill in some relevant details, and thus you get possession of your loan.