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Debts Consolidation Loans for Homeowners

The Consolidation Loan is a process that one can say, converts a number of loans into a loan that's an ultimate one and a person is often able to reduce his/her liability of paying the higher rate of interests. And also if a person is not a home owner he/she can opt for a Consolidation Loan.

  So, Debt consolidation entails borrowing of one loan to pay off the many other existing ones and it's often done to secure a lower & fixed interest rate, or for the convenience of servicing only one loan.

Homeowners Consolidation Loans

Lender name :: Bank of Scotland
Loan Type: Secured Homeowner Loans
Typical APR: For an amount of : £5,000 The fixed typical APR charged by Blemain Finance is 12.0% APR.
Interest rate notes: Direct business only. Rate dependent on credit rating. If you settle your loan early, an early repayment charge will apply during the loan period. A rebate of charges will be calculated in accordance with a formula laid down by consumer credit regulations. No CCJs allowed.
Is it Secured on Property: YES
Early repayment penalties: YES (1)
Flexible repayment options: NO
Repayment
Period.
[5 Years -to- 25 Years]
Loan set up fees charged: NO
"P.S. : (1) Early Repayment charge is current month interest plus 1 month.
Figures quoted are only approximates, please refer to the Provider for an exact quote."

More Homeowners Loan help

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