Secured Loans

Secured loans are loans that are secured by assets, generally a home, sometimes referred to as a homeowner loan or secured finance.

First Assist Finance is dedicated to getting you the very lowest APR’s, which can generally only be obtained from secured loans.

Regardless of whether a loan is secured or not, your home, along with any other assets, will always be at risk in the event that you fail to make the necessary payments upon the loan. Therefore, there is no real benefit in taking out an unsecured loan with an unnecessarily high APR if you qualify for a secured loan with a low APR.

Unsecured credit through store cards and credit cards and consumer credit may prove convenient and quick to arrange but often the monthly payments can be more than treble what they would be on a secured loan. For this reason consolidating unsecured credit into one single secured loan can prove to be a very prudent move. 

Our advisors are available to discuss any requirements in total confidence. To get a quote simply complete the quote section commencing on the home page.

Unsecured Loans

An unsecured loan is simply a loan without any security attached. Whilst unsecured loans have higher APR's than secured loans they provide lending for persons who do not own their own home. In the absense of any security the lender's decision will be based entirely upon your personal credit history. This will be verified by a credit check to determine your credit history, but only after a suitable lender is located to meet your circumstances and only after you have given your approval for us to procede with your application.

Credit ratings are based on credit history and whilst adverse credit, or no credit history, does not necessarily preclude you from lending it will increase the APR. However, credit ratings can improve quite rapidly and as they do you will become eligible to refinance at a lower APR, although the onus will always remain with you to apply for refinance.