In taking out a personal loan with Clearly Loans, you may be able to take advantage of a number of key features which are offered by this lender. For example, you may wish to borrow anywhere between £5,000 to £100,000. The amount borrowed will be determined by a number of key factors. These generally include assessing your credit score and history, the amount of equity available in your home and affordability. You may wish to take out a joint application if you are married, co-habiting or have a joint mortgage. If this is the case, you will need to make your application with the other person.
There are certain criteria that you must meet before applying for a homeowner loan with Clearly Loans. You should only apply as a resident of either England, Wales or Scotland and be certain that you are able to meet the repayment terms. You must also be over the age of 21 to apply and will need to have an existing mortgage. In order to make a joint application, you will need to do so with the other person with whom you own your home.
Clearly loans are unable to lend to applicants wishing to use buy-to-let properties as security; they can only accept applications relating to owner-occupied properties.
Whilst applicants must be over the age of 21 to apply, the maximum age at which Clearly Loans accept applications is 65. If you fall into this age category the loan you take out must be scheduled to finish before you turn 70. In some cases, this may go to 75 where Clearly Loans is not relying upon your income and you are not making a joint application.
THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT
Clearly Loans Key Features
Depending on the product you choose, Clearly Loans offer fixed and variable rates (which may be liable to change at the discretion of the lender). An introductory fixed-rate period that reverts to a variable rate may also be available. You may wish to spread your loan over a period of 4 to 20 years, or, if better suited to your individual circumstances or to keep your monthly costs down, you may also wish to opt for longer loan terms.
The loan term that you opt for will affect the interest rate. It is also important that you take other factors into consideration which will be based upon your individual circumstances. It is possible to opt for an early settlement during your loan whereby you pay off your loan either early in full, or in part at any time by making a request to Clearly Loans for a "final settlement figure". It is important to note that a fee may be incurred for doing so.
It is always advisable to seek professional advice before entering into any form of agreement to ensure that it is appropriate for your needs.
How to Apply for a Clearly Loan
Applications via brokers are also accepted by Clearly Loans. After clicking the "get quote" button, you will then need to enter your contact details as well as information about the property you own, its value and details of your mortgage. You will then be contacted by a Clearly Loans adviser who will navigate the application process with you whilst discussing the loan that is best suited to your individual needs and circumstances.
The amount you can borrow from Clearly Loans ranges from £5,000 to £100,000. However, several factors will impact the amount you can borrow such as your credit score, your outgoings, your income and the equity in your home. If you are accepted for a loan and there are no issues with your application, it will usually take between 14 to 21 days to process.
If you have previously missed payments to lenders which is reflected in your credit history or even if you have had CCJ's, Clearly Loans may still lend to you. However, you will not be offered a loan if you have had an individual voluntary arrangement (IVA), debt management plan or have been bankrupt. A lenders fee will be charged when taking out a loan with Clearly Loans. This is to cover the administrative costs in setting up your loan. You may also incur a brokers fee. These will be stated on your loan fee and will be determined by a number of factors including the amount you wish to borrow and your individual circumstances.
There are sometimes offers available from Clearly Loans. Please check the FreePriceCompare site regularly in order to stay up to date and to review the products from Clearly Loans in comparison with a range of other leading providers. Clearly Loans pride themselves on being a reputable provider with a strong reputation and a simple, transparent application process.