Personal Secured Loans
Looking for some money?
Our Personal Secured Loans are at a variable rate, currently 9.79% (SVR +5%), for the life of the loan.
The overall cost for comparison is 10.6% APR.
Your personal secured loan is secured against your home so we do recommend that you think about taking out payment protection insurance when you apply.
You can choose to repay a secured loan over 5 to 35 years (25 years for Buy to Let mortgages)*.
How much can I borrow?
You can borrow any amount from £3,000. Your current mortgage balance plus your new secured loan combined can be worth anything up to 85% of the value of your property.
Your interest will be calculated on the same basis as your current mortgage and if your mortgage is flexible you'll also have full flexibility on your secured loan. This means you can apply to overpay, underpay or take payment holidays to suit your finances (subject to terms and conditions).
Can I apply?
Our personal secured loans are available only to customers who hold a Northern Rock plc mortgage and are subject to status and approval.
You can apply for a personal secured loan online.
Customers who hold a Northern Rock plc Buy to Let mortgage and are considering taking additional borrowing should contact us on 0845 602 2106** for further details. Lines are open Monday to Friday 8am - 6pm and Saturday 9am - 3pm.
* Repayment term must be equal to or less than the remaining term of the original mortgage.
** Calls are charged at your service providers prevailing rate and may be monitored and recorded.
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THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
© Northern Rock plc 2010