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Consumer Secured Loan

Consumer Secured Loans

If you’d like to own and use your financed goods immediately, a Consumer Loan is the best option for you. It can be used to finance the purchase of goods that are used 50% or more for personal purposes. Items such as car, motor cycles, boats and caravans.

Who can benefit from consumer secured loans

• Anyone wishing to purchase goods, for mainly non-business purposes.

Consumer secured loan key features

• You will own the financed goods from the outset, however, the goods are mortgaged to us as security.
• A deposit may be required.
• Extra repayments can be made at any time.
• Balloon payments are available if you are asset-backed.
• You can payout the secured loan prior to the end of the term.
• If the goods are used for business purposes, you may be able to claim some depreciation and the interest component against your taxable income.

Consumer secured loan benefits

• You own the goods from the beginning of the contract.