Secured Loans FAQ
Who can apply for a Secured Loan?
You must be a UK resident, living in the property and the property must have a mortgage.
How much can I apply for?
A Secured Loan can be for any amount from £5,000 to £250,000.
What can I use the loan for?
Almost any legal purpose. The most popular are for Consolidation and Home Improvements however they are also used for Cars, Weddings and Holidays. The majority of lenders will not accept Business Loans so it is best to seek specialist help if you require a Business Loan.
How does the process work?
We ask you to complete our short application form, and then based on your details, a member of a specialist loan team will give you a call. They will run through some basic details with you to get the wheels in motion – and explain more about how the process works. You should get a quote the same day, if you’re approved in principal, and paperwork will then be sent to you. Once this is completed and returned the whole process can often be completed within 4-6 weeks.
Are there any fees?
This depends on the lender involved and will be discussed with you in more detail once a quote has been arranged. Generally, if there is a fee, it can be incorporated into your monthly payments so you don’t have to pay anything up front.
If I have impaired credit can I still apply?
Yes, we have many lenders on our panel to help customers with varied credit history.
If I’m self-employed can I still apply?
Yes, many of our lenders are able to lend to self employed people – although you will have to provide some form of proof of income.
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.
Typical APR 15.9% LOANS - Rates from 5.7% APR. We also have a range of plans with rates up to 28.9% APR this allows us to help customers even with the most severe credit problems. Consolidating debts may increase the term and total amount payable. Loans secured on property. A fee of up to 15% may apply. No upfront fees.
Highly recommend easy application and had the cash in 20 minutes!
Loan Amount: £400
Good service, organised a £3300 loan for me, simple and straightforward
Loan Amount: £3300
Rejected by other companies, cloud9 helped me out when I needed help most, highly recommend
Loan Amount: £24000
My credit history is terrible (from a divorce!) needed to pay a big garage bill for my car, cloud9loans arranged a £1800 loan for me, thanks!
Loan Amount: £1800
Needed a bridging loan, complex circumstances for house purchase, cloud9 had cheapest rates, easy and quick service!
Loan Amount: £250,000
Quick and easy form, money was with me in 20 minutes!
Loan Amount: £250