Flexible Loans

Be Like A Good Boy Scout - Be Prepared!

Even if we manage our financial affairs carefully, unforeseen circumstances will inevitably arise, particularly in the long term. This is where a more flexible loan (not the same as variable or fixed rate loans) comes into its own.

Personal financial planning is of course an important step towards making the most of your money. A loan plan in the UK is likely to involve fixed monthly payments over a set period of time. These can of course be incorporated into your budget but may restrict other finance choices.

Giving You Back Your Freedom

However, a flexible loan allows you the freedom to deal with the ups and downs in life more easily. You can change your monthly payments, or repay a lump sum as and when you wish. For example if your work is seasonal you could make larger payments over the summer when your income allows, but reduce your payments during the more difficult months. Alternatively if it turns out that you are in a position to repay the loan completely, sooner than expected, then you can do so with no extra hidden charges or penalty fees.

Getting The Best Deal

This type of flexible loan is increasingly available from high street lenders and internet companies but terms will vary, so we will keep you informed at all times. We can compare flexible loans for you to ensure you are getting the best deal available to match your requirements. Interest rates on flexible loans can be higher than some other products but look at long term secured options to help reduce the rate offered and therefore the payments. A slightly higher rate may be worth paying if it offers the flexibility you need.