First Aid Finance Ltd: First for low cost loans
Looking for a cheap secured loan?
Everybody knows the Internet is fertile hunting ground for competitive secured loans; the difficulty lies in knowing exactly where to look. The good news is that you're already on the right track. At First Aid Finance Ltd we understand the value of our customers. And it's because we make a point of investing time in our clients; that we are able to find the right loan for each individual.
While some brokers are more interested in what they can get out of a loan, we always put the customer's needs first. We work with the same lenders as the established high street brokers, but by spending more time on each case; we are in a better position to find the best deal for you. For example: one of our lenders may ignore mortgage defaults or CCJs over three years old; others won't. Because we don't have any ‘preferred' lenders we can give you an objective picture of the market.
Remember that when you're looking for a low cost secured loan: if it sounds too good to be true; it probably isn't true. Secured loan rates vary from as little as 7% up to 20%; depending on your credit profile. Unfortunately only a fraction of the population qualifies for the lowest rates and most people are looking at a typical APR of around 12% (First Aid Finance Ltd offers typical 10.9% variable).
However, this doesn't stop less scrupulous brokers offering APRs of seven or eight percent over the phone, when they know perfectly well that the customer won't qualify for them. The idea is to get the client's loan application form and payslips before telling them the bad news. It's a deplorable tactic, but at this point many people simply give-in.
First Aid Finance Ltd believes in talking straight. When we make a loan offer we stick to it; providing all the information you have supplied us is correct. It might not be the cheapest offer you receive, but it's an honest one. We encourage all our potential customers to ring-around before making any firm commitment, and you'll be surprised at the number who manages to find anything more attractive elsewhere.
