Whether it is to add an extra bedroom to your house or a garage to park the new car you have bought, any major renovation is likely to add value to yo ur house. However, it will cost you money. One way of raising this extra ca sh is to get a low cost home improvement loan through a peer to peer lendin g website. If you would like to give the banks a pass and go in for a hassl e-free unsecured home improvement loan at affordable rates, you can list yo ur loan request with YES-secure.com. What can you use a home loan for?
A home improvement loan can be used to add a structure such as an extra roo m or kitchen or even another storey to your house. You can avail such a loa n for introducing a new facility or general upkeep and maintenance of the h ouse.
How much can you borrow?
You can borrow any amount from £1000 to £25000 for a period of one to f ive years for a personal loan at YES-secure. However, a loan request with a smaller amount and shorter term is likely to get funded much faster and at a lower rate. Also, you should take out the loan for that long only if it ?s absolutely required. The drawback of a longer term is that you will en d up paying far more as interest.
What fees will be charged to the borrower? The borrower is charged a one-time arrangement fee of £80 on an approved loan. If the borrower requests for a loan of £1000, YES-secure add an ext ra £80 to it and the loan listing is posted for £1080. When we disburse the loan we deduct the fee and the amount transferred to the borrower?s bank account is £1000. You can pay off your debt amount early in full or part without penalties and save a whole lot of money.
What can a YES-secure home improvement loan offer you? ? YES-secure offer a simple and quick online loan request and transaction . ? YES-secure encourage all credit grades (A* - E) to list a loan request. People with good credit scores can expect a lower rate while those with le ss than perfect scores are likely to get funded at a higher rate of interes t. YES-secure have recently capped the maximum lending rates for its indivi dual markets to provide competitive rates to the borrowers ? The borrowers are charged a fixed rate of interest and the fixed monthl y repayments can be beneficial in more ways than one. The monthly repayment s will automatically be deducted from your account which can help in gettin g compulsive late payers into a disciplined schedule. The minimum monthly p ayment (MMP) offers by credit card companies which appear so enticing can a ctually be your undoing as you end up paying hundreds of pounds over years as interest. ? You can invite your social network to YES-secure to bid on your loan re quest, however marginal their contribution might be. Even a single recommen dation can work wonders for you and increase the probability of getting you r loan funded. ? Privacy is ensured at all the levels; your personal and financial infor mation is secure. ? You are availing an unsecured loan. Of course, you have the obligation to pay the loan or face hassles, creditors and a spoiled credit score but y ou will not lose your property.