Bad Credit Home Loans
Compare bad credit home loans in minutes
Need a loan but have a poor credit rating or CCJs? Beat That Quote can help you find a loan to suit your needs. Compare loans from lenders who specialise in bad credit loans and find the best rates available. By securing your loan on your home, you should get an even better rate than taking an unsecured loan because of the additional security. Our loans comparison service is completely FREE and you're under no obligation to accept any quotes unless you want to. More Info
For whatever purpose, be it home improvements, a special holiday or perhaps even a wedding, Beat That Quote can help you find the right loan in minutes! Simply fill out our loan requirements form by clicking on the link below. The form is quick and easy, and in minutes you'll be comparing great loan rates to find the best deal for your particular circumstances. Hide
What are home loans?
A home loan is where you agree to offer the lender security over your home. This means that the lender has the right to take ownership of this asset if you fail to make the repayments that are due under your agreement.
The advantage of a secured home loan is that the lender's risk of default is reduced; this normally means that they charge a reduced rate of interest or accept a longer repayment period. In either instance it normally means you are required to make lower regular payments. However, you must carefully consider the risk of losing the asset, were you to fall into arrears with the required repayments, against the advantage of paying slightly lower regular payments (this is especially important if the security you offered was your home).
The alternative to a secured home loan is one that offers no protection to the lender apart from their belief that you will be able to repay their debt. These are known as unsecured loans. The rates of interest charged are normally higher or the maximum loan terms are significantly shorter than those available for secured home loan.
Before you decide on whether to have a secured or unsecured loan you must consider carefully the terms of the loan being offered to you. Always read the small print.
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*Potential savings will vary depending on the amount you are borrowing, the rate you are currently paying and the rate you may be eligible for.
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.
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For loans, Beat That Quote does not and will not enter into consumer credit or consumer hire agreements as a part of its business.
