Adverse Loan Rates

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Adverse Loan rates vary depending on various factors. These include:

  • How much you want to borrow
  • Over what period of time
  • Based or poor credit problems

You can use our loan calculator to give you an indication of our Adverse loan rates. These, like all calculators give you an indication only. We do not ask for any detailed info such as credit history when giving you a quick quote.

Therefore it always best to look at the rate as the best case scenario. i.e. a secured loan rate which is available to some one with a perfect credit history. So if you use our quote tool and get a secured loan rate of 6.2% we are not guaranteeing that rate but gives you an idea of what is available.

If in doubt always give us a call and we can talk through the criteria and assessment process used to define your secured loan rate.

Secured Loan Rates are also lower than unsecured loan rates normally for two reasons:

  • The amount borrowed is a lot higher. Unsecured loans normally go upto £25,000 whereas a secured loan could go upto £500,000. This means the lender can afford to take less interest.
  • Also the period of repayment is longer with a secured loan. You can have up to 25 years to repay a secured loan as opposed to a normal period of 5 years for a unsecured loan. Again a lender will have longer to make a profit from lending you the money.

Adverse loan rates have elements which are too complex to add into this online quick quote so it is always best to give us a call on the number below so we can work on the best rate for your particular circumstances.

When you borrow money, look no further than Polar Loans. You can borrow anything from £3,000 to £75,000. No Tenants Please.


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