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Hello Pegasus! I’m passionate about cooking but our kitchen is on the small side and in desperate need of a refurb. I can’t fit all of my appliances in which makes dinner parties etc. a bit of a challenge! We’re not planning on moving house in the near future so I would love to treat myself to a new kitchen. I think we’d look to make the interior more open plan by knocking through into the dining room, but I’d really need a £28,000 loan for this. Can you help? If I’m honest my credit rating isn’t great but I’m on a good salary, so will my poor credit score matter that much?

Hi, Angela. Thank you for your query!

Even if you’re not planning on moving house any time soon, it sounds like refurbishing your kitchen will be really rewarding for you and your family – and we’d love to help you with a £28,000 loan!

At Pegasus Personal Finance, we specialise in personal loans for people with less-than-perfect credit scores. So that means, even with your poor credit rating, we should still be able to provide unsecured kitchen finance for a very competitive rate – and you can find out more about these loans right here.

So, let’s take a look at the numbers. Poor credit holders are subject to a Representative APR rate of 28.9%. Naturally, this is a higher interest rate than we’d be able to offer to someone with a perfect credit score – but by spreading your repayments over a period of 3 years, your monthly installments will come in at £1,134.85.

Thanks to our flexible kitchen finance deals, you can extend your term to a maximum of 20 years, further lowering this monthly cost. For example, with a repayment period of 10 years, your monthly instalments could be reduced to just £580.69.

If you’d like to explore your options in more depth, you can call our experts today on 0800 266 2882 for some professional advice. Once you’re ready to apply, fill out our simple online application form. We’ll call you back within the hour to let you know whether you’ve been accepted!

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