HOW MUCH WILL MY LOAN COST?
That depends on how much you wish to borrow, and the time period that you choose to repay it over. For an indication of repayment costs please call for a quotation.

WHAT INTEREST RATE WILL I BE CHARGED?
It is difficult to say what interest rate your loan will attract as all loans are assessed on personal circumstances.

Actual loan and rate available will depend on your individual circumstances.
Typical 12.4% APR variable

I HAVE LITTLE EQUITY IN MY PROPERTY. CAN I STILL APPLY FOR A LOAN?
Yes you can. Depending on your circumstances our panel lenders have loans available where you could borrow up to 100% of your property value, less your existing mortgage balance.

I’VE HAD FINANCIAL PROBLEMS IN THE PAST. CAN YOU STILL HELP?
Our financial expertise means we can even help if you’ve had problems keeping up payments in the past. We can arrange loans even if you have poor credit rating, have arrears or a county court judgement (CCJ) against you.

I’M SELF-EMPLOYED. AM I STILL ELIGIBLE?
Most certainly. Generally, we’d like to see two years’ accounts, but even without trading accounts we can often arrange loans.

ARE THERE ANY RESTRICTIONS FOR WHAT THE LOAN CAN BE USED FOR?
No, you can use the money from your loan for virtually any legal purpose. The choice is yours. The majority of our customers clear some or all of their existing credit so as to reduce their monthly outgoings to just one, more manageable monthly payment. Quite often they also raise additional cash, to buy a new car or carry out some home improvements, and, remember, with cash in hand, you can often negotiate attractive deals when buying.

WILL IT COST ME ANYTHING TO APPLY FOR A LOAN?
We will not charge you any up front fees when you apply for your loan. Of course, there are costs associated with a secured loan application such as instructing a property valuation and the costs of processing; however, these up front costs will be born by us so you do not have to pay anything initially. You will be charged a brokerage fee by Daily Star Loans but this is only payable upon completion and can be added to the loan; therefore, if your loan does not proceed, for whatever reason, you will have nothing to pay.

WILL MY APPLICATION BE TREATED IN CONFIDENCE?
Absolutely. We treat every application in the strictest confidence. We pride ourselves in our confidentiality. We are members of the Finance Industry Standards Association (FISA) and also registered under the Data Protection Act (DPA). We adhere to the confidentiality guidelines set out by FISA, as well as the letter of the law from the Data Protection Act .

WILL YOU CONTACT MY EMPLOYER?
Not necessarily and definitely we would never contact them without your consent. If you have any recent pay slips and/or a P60, this will almost certainly not be required. If you cannot produce pay slips, we may ask your permission to obtain a brief reference from your employer, purely asking them to confirm your position, length in employment and your annual salary. We will not supply them with any details of your loan application.

CAN I BORROW AGAIN IN THE FUTURE?
Of course. As long as you’ve maintained your regular payments, you could borrow more – even if you haven’t completed your original loan. Just give us a call and we’ll gladly provide a quotation for a further advance.

CAN I FINISH THE LOAN EARLY?
No problem. If you can afford to repay the loan before the anticipated completion date, it’s to your advantage. The lender will calculate the outstanding balance and you’ll benefit from a reduced interest charge. There may be an Early Repayment Charge should you choose to repay the loan early.

WHAT IF I MOVE HOUSE?
Loans which are secured on the property are simply paid off from the proceeds of the sale. But sometimes we can transfer the loan to your new property. Just let us know if you’re about to move and we’ll advise you on your best option.

I AM A STUDENT. CAN I STILL APPLY?
Unfortunately, most student loans are supplied by Government Organisations, and therefore we would be unable to help. There are several specialist organisations that would be able to help you.

HOW LONG WILL THE LOAN TAKE TO ARRANGE?
As long as we have all the information at our fingertips, we can generally let you have a decision in principle immediately. You could then receive your cheque within 14 days.