Personal loans Archives - First 4 Commercial
17Mar2017

Help with a Personal Loan of up to £25,000

Are you staring at your projected figures and wondering where you can secure a personal loan to that value? First4Commercials can offer personal loans up to £25,000, to help you consolidate your existing debt, pay for a big family holiday or for a refurbishment project at your new home. There is always an option for financial assistance, and we have the values and specialist team in place to make it a reality for you.

There are many reasons why you might require a large personal loan. Finding it can make a huge difference to your ability to:

  • Pay for the refurbishment of a property
  • Go on a holiday of a lifetime
  • Repair your car in an emergency
  • Consolidate debt
  • Acquire a new car

First4Commercial offers a personal loan between the value of £1,000 and £25,000, have a look through our criteria and if you are eligible, apply through the site and have an answer to your application within a fast timeframe.

  • Applicants must be 24 – 72 years of age at time of application
  • A clean credit history – no CCJs or payment defaults
  • Minimum annual wage of £14,500
  • Can be home-owners or tenants

First4Commercial has the capacity to offer you a personal loan up to the value of £25,000, with competitive rates and low overall fees for our clients when compared with other providers. If you would like to find out more about how we can help you with a financial package to suit your needs contact us today, either via the web form or by calling us direct on 01277 620083.

24Jul2015

The Hidden Disadvantage in Your Personal Loan Agreement

You’ve secured a low interest personal loan that’s just what you need – but is there a hidden disadvantage that could mean you’re repaying more than you really need to? If you’re considering a personal loan to tide you over on a short term basis, early repayment fees could leave you out of pocket. Known as ‘early repayment charges’, ‘early redemption fees’, or even ‘finance penalties’, some lenders may penalise you should you attempt to repay more than the agreed monthly fee.

Pay Early, Pay More?

Early repayment fees may seem unfair, but they’re actually completely legal under UK law. The Consumer Credit (Early Settlement) Regulations 2004 state that lenders can legally charge up to 58 days of interest if a debt is paid off in full during the repayment period. Of course, under these regulations, the earlier you pay off a debt, the more you’ll pay in additional fees and charges. For borrowers wishing to pay off debts with savings or earnings, this can have a significant impact.

If you anticipate that you’ll have the means to repay a debt earlier than agreed, it’s essential to look for a personal loan that does not implement early repayment penalties that could punish you for being financially savvy. First4Commerical work with some of the UK’s best peer-to-peer lenders offering small, short term loans of up to £25,000 with no early repayment fees. This allows for greater flexibility with regard to repayments, creating ultimate peace of mind for borrowers.

 

20Apr2015

Why It’s OK to Consider Smaller Loans

Smaller, short term loans – typically amounts of less than £5,000 and borrowed for a period of up to 3 months – are traditionally thought of as being quite illogical from the borrower’s perspective. These smaller loans often comes with much higher interest rates than their larger counterparts, with some high street banks charging up to 25 percent APR – an interest rate that would see borrowers repaying more than £2000 more on a £3000 loan.

Attracting New Borrowers

The reason for the higher APRs is simple – lenders are constantly looking for ways to attract borrowers wanting greater finance as it’s good for profits, and are focusing less on small, short term loans that don’t generate as much revenue. As a result, APRs for smaller loans are not always very competitive. However, is all that about to change? Is it now OK for borrowers to consider taking small personal loans?

Drops in APR Rates

With the rise and unrivalled successes of peer-to-peer lending in the UK, more and more banks are wanting a piece of the action, and we’re starting to see significant changes in interest rates for smaller loans. Tesco Bank, for example, dropped their small loan APR by nearly 4 percent in 2015, while Sainsbury’s Bank is offering reduced interest rates for those with a loyalty card. It is expected that more banks will follow suit to compete with peer-to-peer lending companies.

Although there is still no standard interest rate for loans under £5000, with APRs varying considerably, there has been a very clear trend recently for reduced rates which is expected to continue. For borrowers requiring minimal financing, it’s now OK to consider a smaller loan.

 

24Mar2015

Should You Use a Personal Loan to Bridge the Gap?

When looking at combining personal loans with bridging finance, there are two important questions to ask. The first is ‘can I use a personal loan to bridge the gap?’ – the answer is yes, assuming the lender is aware of the intended use and the purpose falls within an accepted category. The second is ‘should I use a personal loan to bridge the gap?’, and this is where things start to get a little trickier.

Rise of Bridging Loans

Surprisingly, for some borrowers, using a personal loan as bridging finance might actually be quite a sensible option. While reports suggest that the average bridging loan in the UK is estimated to be around £450,000 – about the same price as a London property in 2015 – not all buyers require this amount. Those that require less due to personal savings or income may benefit from the advantages that come with lower personal loans, such as greater flexibility in terms of age and income. Assuming a personal loan comes with no early repayment charges – something that first4commercial.com is committed to – a short term personal financing could be a suitable solution when buying and selling property in the UK or abroad.

There are, however, two sides to the coin. Lenders who are aware of a personal loan being used for bridging purposes may deem the risk to be higher and could react by setting higher interest rates which could make a personal loan a less cost effective option, particularly for those planning on taking out larger amounts to fully finance a new purchase. Whatever type of loan you think would match your needs, first4commercial.com can help.

 

10Feb2015

Looking for a Personal Loan? Consider P2P

Peer-to-peer (P2P) lending is being described as the ‘next gold rush’ amongst those in the know, and brokers offering P2P financing for personal loans are beginning to report massive uptakes in this revolutionary approach to lending due to the numerous benefits. Brokers with connections to P2P lenders can take the hassle out of securing a personal loan, essentially removing the middle man (the bank), speeding up the process from start to finish and reducing interest rates. P2P is becoming such a popular choice that it’s being reported that major banks are advising customer who have been refused a loan to seek out a reputable P2P lender.

Peer-to-peer lending is a part of the growing trend for moving away from traditional banking methods that can be associated with lengthy processes, strict criteria, and high interest rates, and transforming finance into a much more laid back, informal industry that’s simple and stress free for both lenders and borrowers. P2P has already gained a great deal of popularity within the commercial sector, showing particular success with companies such as Kickstarter, for example, and it is expected that this success can easily be replicated within the personal loans sector.

The market for peer-to-peer lending in the UK is estimated to total around £1.7bn, with that being divided roughly equally between the commercial and personal lending sectors. Experts in London’s financial technology community strongly believe that P2P lending is the next big thing in terms of personal borrowing, with 26 percent fully expecting the industry to be the fastest growing financial sector over the coming years, rivalling the increasing growth of mobile payments.

6May2014

Small Personal Loans

Bank of England data shows that high street lending to business fell in recent months, but the good news is that personal loan rates are now much lower than in recent years. As a result, loan demand is rising fast driving something of a ‘loan price war.’

For any amount up to £25,000, a small unsecured personal loan is a good way to fund a short term cash crises or invest in a business venture. And the advantages of unsecured loans are many. Firstly, you’re normally able to choose how long the term of the loan is (reducing interest costs), Secondly, you won’t lose your home should you fall behind on payments, and thirdly, you benefit from fixed payments.

So what do you need to bear in mind before taking out a loan? As with any financial product, it’s important to consider the costs, as well as the terms. Remember that your credit history will affect the interest rate, as well as the length of the loan. Our connections with Peer to Peer lenders in the UK, offer a popular and cost effective option for potential borrowers, providing good value loans for a variety of purposes. Available to both those who own their own home as well as tenants, and with no early repayment charges, those with a clean credit history will benefit from the cost and flexibility of these loans. To apply, simply fill in the personal loan application form, and you’ll receive an online decision within seconds.

For full details and a FREE tailored illustration please contact the team on 01277 620083 or email info@first4commercial.com

first4commercial.com

f4c

T: 01277 620083 F: 01277 658900 E: info@first4commercial.com

A: 5 Alyssum Walk, Billericay Essex CM12 0SS

4Feb2014

Bridging loans and commercial finance

Bridging loans and commercial mortgages from first4commercial.com, specialist commercial and bridging finance brokers.

Here at first4commercial.com we have been helping hundreds of customers access the cheapest and best bridging and commercial finance deals on the market. We have access to 50+ bridging lenders throughout the UK and over 30+ commercial mortgage lenders too. These range from main high street banks through to private banks and lending institutions.

We pride ourselves on our customer focused approach and always make sure that whatever advice we provide is clear, transparent and in the clients best interest. We will even (and have) recommend putting you in touch with another company if this means the finance on offer is cheaper for you!

Bridging loans and commercial finance/mortgages can be a minefield for the unwary. This is why, by using first4commercial.com, you will be receiving expert advice. We will help you to navigate through, providing you with helpful advice from day one right until the day of completion and beyond. We always keep in regular contact with our clients to make sure they have everything they need.

We have a transparent application process and we will provide you with all the information you need to make sure you are making an informed decision. All enquiries receive a full Heads of Terms illustration which shows the parameters of any available bridging loan or commercial mortgage and provides you with a comprehensive breakdown of the costs involved.

We are also able to assist clients with Buy to let mortgages, personal loans up to £25k and business loans up to £250k. Our sister company Central Mortgages (Essex) Ltd is also able to assist clients with regulated residential mortgages and life insurance. We have pretty much all angles covered should you need any help or advice.

If we do not know the answer you are looking for then I am sure we will know someone that does! We are full members of the National Association of Commercial Finance Brokers (NACFB) and members of the Association of Bridging Professionals (AOBP).

For more information please contact us today.

first4commercial.com

f4c

T: 01277 620083 F: 01277 658900 E: info@first4commercial.com

A: 5 Alyssum Walk, Billericay Essex CM12 0SS

25Jun2013

FREE, no-obligation illustrations

FREE, No-obligation illustrations – Standard practice at first4commercial.com

Commercial loans * Bridging loans/Bridging finance * Development finance * Personal loans

first4commercial.com offer FREE, no-obligation illustrations to every client, on every enquiry.

We will process your finance enquiry by first talking to you on the phone and discussing your requirements with you. Your case is then placed with one of over 50+ bridging finance/bridging loans lenders and over 35+ commercial finance lenders. This ensures you are receiving the most competitive rates, fees and terms in the current market. An illustration is provided to you for review and all this is completely FREE, at no point are you obligated to take the finance if you do not feel it right for you. Our illustrations are easy to read and concise. There are no hidden fees when you deal with first4commercial.com, we breakdown all the associated costs involved in every transaction so that you do get any unwanted surprises once your case is up and running.f4c

  • Bridging loans/bridging finance
  • Commercial finance
  • Development finance
  • Unsecured personal loans up to £25,000
  • Buy to Let mortgages
  • Secured loans
  • Invoice finance
  • Business Cash Advances
  • Asset finance
  • & all other aspects of commercial finance

We pride ourselves on our transparent approach and are always striving to make sure our clients have all the information available to make an informed choice before parting with any of their hard earned cash.

Contact one of the team today for your FREE, no-obligation illustration.

first4commercial.com

T: 01277 620083 F: 01277 658900 E: info@first4commercial.com

Colchicums, The Vale, Stock, Ingatestone, Essex CM4 9PW

4Mar2013

Personal loans up to £25,000

Personal loans up to £25,000

first4commercial.com are pleased to announce that we are now able to offer clients a direct application for personal loans up to £25,000. We have a great relationship with a peer to peer lender who are able to provide very competitive rates and very low overall fees to all our clients.

Product criteria and highlightsf4c

  • Loans are available from £1,000 up to £25,000
  • Applicants can be home owners or tenants
  • A clean credit history is required
  • No CCJ’s or defaults
  • Minimum income is £14,500 per annum
  • Min age 24
  • Maximum age is 72 (At the time of application)
  • Terms of up to 5 years
  • No early repayment charges, loans can be repaid at any time without penalty
  • Very competitive rates, beating the high street banks in most cases
  • No geographic restrictions lending available throughout England, Scotland, Wales and Northern Ireland

Simply go to www.first4commercial.com/personal-loans and complete our online application for an instant decision. Once approved money can be in your account within hours.

 

To find out more contact the team on 01277 620083 or use the contact form on the website.

first4commercial.com

T: 01277 620083 F: 01277 658900 E: info@first4commercial.com

Colchicums, The Vale, Stock, Ingatestone, Essex CM4 9PW

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