Sterling Credit Limited is one of the top providers for personal secured loans for homeowners in the UK. As a wholly owned subsidiary of HFC Bank Limited, Sterling Credit is a member of the HSBC group. Sterling Credit prides itself on having high standards, great products and an experienced staff to ensure customer satisfaction.

Sterling Credit focuses on offering personal secured loans to homeowners using an online application system and over the phone. By concentrating only on these two areas, Sterling Credit believes it is able to gain more expertise which helps when dealing with customers that have a wide variety of financial needs. Each secured loan application is reviewed carefully and decisions are based on the applicant’s individual merits.

Sterling Credit Loans

Before you can apply for a secured loan, Sterling Credit requires that you agree to the following terms. You must be at least 18 years of age and a citizen of the UK living in Great Britain. You must have a regular income equal to or greater than £10,000 per year. You must be a homeowner with equity in your property. Anyone who wishes to be included on the loan application must be aware of the application. No tenants or lodgers can be living in the property associated with the loan.

Sterling Credit Limited lets borrowers use any amount between £15,000 and £75,000. This gives borrowers the ability to use the secured loan for major purchases like home improvements and vehicles. Sterling Credit offers borrowers the chance to consolidate previous credit arrangements such as credit cards, other personal loans, overdrafts, and store cards into just one monthly repayment.

Sterling Credit offers long repayment periods ranging from 36 to 300 months. This allows borrowers to repay their loans in large or small increments depending on what is best for them.

Payment Protection Insurance is available upon request. If an emergency should arise where you are unable to work due to a disability or you should lose employment through no fault of your own, Sterling Credit’s optional payment protection insurance will cover you if these situations should come up.

As a direct provider, Sterling Credit does not charge any additional set up or arrangement fees. This is because the company does not act as a broker but rather, they are the actual provider of your loan. There is no middle man so borrowers are able to deal directly withthe lender, Sterling Credit.