Personal Loans
ICAN Finance has a panel of lenders and packagers that offer both secured and unsecured personal loans. We do this so that we can try to achieve the best product for the individual borrower and their individual personal circumstances — whether they have a “prime” or “adverse&rlquo; credit rating.
- There are no upfront fees payable by the borrower as a broker fee is charged only on completion of the loan and this can normally be added to the loan amount borrowed.
- Loans are available from £2,000 to £100,000 up to 85% loan to value (LTV).
- The Early Repayment Charge is usually just 1 months interest — plus repaying the balance outstanding.
- We will provide you with a dedicated team that offers a first class processing service.
Apply NOW
Complete our short application form online and ICAN Finance, or one of our panel, will be in contact with you to discuss the options open to you. It costs you nothing to find out and there is no commitment by completing this form. More details of both secured and unsecured loans can be found below.
Click here to Apply for a Personal Loan
Types of Personal Loans
Secured LoansWhy Choose a Secured Loan
- Is an alternative to a Re-Mortgage and avoids early repayment charges.
- Suitable for borrowers declined for an Unsecured Loan.
- There are no restrictions on the borrower’s Age.
- Can provide loans to borrowers with adverse credit.
- They are easy to arrange and most loan purposes including business considered.
- Most loans processed and funds released within 3 weeks.
- Up to 65%LTV on Buy to Lets & Semi Commercial Properties.
- Loan Products available for the self-employed borrower
- Repayment period from 12 Months up to 30 Years.
FAQ's
What is a Secured Loan?
It is a loan provided by a secured lender to a borrower using their residential home as security for the loan
What are the main advantages of a Secured Loan?
Loan amounts from £2,000 up to £100,000 can be granted on a repayment basis which may significantly reduce the monthly outgoings of a borrower.
What will the Secured Loan cost me
Dependent on the lender the interest rate charged can be variable or fixed for a period of time. The borrower will pay a monthly payment as detailed on the Credit Agreement and this will need to be signed by the borrower prior to the loan completing. The Credit Agreement will also detail any costs associated with completing and processing the borrower’s loan and in most cases these will be added to the loan amount.
Secured Leander Quick Reference Guide
| Panel Lender | Max LTV | Loan Amounts | Terms | Mortgage Arrears | Self Employed | Time in Self-Employment | Benefits and Pensions |
|---|---|---|---|---|---|---|---|
| Nemo | 85% | £10,000 to £100,000 | 5-25 Years | No Mortgage Arrears | Accepted | 2 Years | Some |
| Shawbrook | 85% | £3,000 to £100,000 | 3-25 Years | 1 in last 12 months | Accepted | 6 Months | Some |
| Portal Portfolio | 80% | £10,000 to £75,000 | 5-20 Years | No Mortgage Arrears | Accepted | 6 Months | Some |
| Blemain Finance | 77.5% | £3,000 to £50,000 more on referral | 5-30 Years | Unlimited | Accepted | 1 Year | Most |
| CentralTrust | 75% | £3,000 to £50,000 | 3-25 Years | 2 | Accepted | 1 Year | Some |
| Norton | 70% | £3,000 to £25,000 more on referral | 1-20 Years | Max 1 month Current arrears | Accepted | 1 Year | Most | Keyline Credit | 70% | £2,000 to £10,000 | 1-15 Years | Max 1 month Current arrears | Accepted | 1 Year | Most | Prestige | 60% | £5,000 to £40,000 more on referral | 5-25 Years | Unlimited | Accepted | 2 Months | Most | Swift | 60% | Up to £50,000 | 5-25 Years | Unlimited | Accepted | 1 Year | Most |
The Unsecured Loan Application Process
Unsecured Loans can be used for various purposes including home improvements, to purchase a new car, have a well earned holiday, or simply to consolidate debt with one manageable monthly payment. There are no costs associated with the loan and a loan application can be completed within days of submitting the case to ICAN Finance.
Unsecured Loan Reference Guide - "Homeowners Only"
| Age: | 18 to 75 years old |
| Applicants: | Single or Joint |
| Min Loan/Max Loan: | £500 - £10,000 |
| Charge Rates from: | 21.3% |
| Term: | 13 to 60 months |
| Employment: | Must be Employed — Self Employed may be considered |
| C C J's: | None in the last two years |
| Debt Management: | Not Accepted |
| Minimum income: | £10,000 |
| In Principal Decision: | Within minutes |
FAQ's
What are the main advantages of an Unsecured Loan
Quick and easy to arrange with no fees and most loan purposes considered
What will the Unsecured Loan cost me
The borrower will have to pay a fixed rate on the amount borrowed. The interest charges throughout the term of the loan and the repayment of the amount borrowed are added together and then divided into equal monthly payments
Can I Settle the Unsecured Loan before the end of the term
Yes whilst there is no set amount, an early repayment charge is usually equivalent to one or two month’s interest. The earlier in the term you repay the loan, the higher the charge as the interest component of the loan repayment makes up a higher proportion of the repayment, the earlier in the loan term it is. The borrower can also overpay his monthly payment without any early repayment charges.