Hi Mr Booth, and thanks for your email.
I understand your frustrations, as many banks are only happy to arrange unsecured personal loans for up to £15,000 or £25,000 – depending on your circumstances and credit history. They tend to be more risk-averse than prior to the banking crisis, and will often charge more than their advertised APR – blaming it on your credit score or the fact that you’re not a current account holder!
Luckily, we work with specialist lenders who are happy to arrange large personal loans from £20k to £100k – so your £38,000 loan should not be a problem, as long as your credit history is reasonable (it doesn’t have to be perfect).
A large personal loan is quite a sensible option, especially when you’re investing it into your property and increasing its value through home improvements. If you’d like an unsecured loan of £38,000, we can spread your repayments over a term of up to 15 years if you own your own property – but depending on what you can comfortably repay each month, you may be better with a term of 5 years or less. This option would save you interest and would be also be quicker to arrange.
To apply, simply complete our online application form or get in touch with one of our friendly finance advisors by calling 0800 066 2882.
You can also read more about the benefits of home improvement loans here.
