Norton Finance Loans
- Typical APR: 17.9%
- Min: £3,000
- Max: £100,000
- Term: 1 - 25 Years
- Bad Credit: Yes
Summary
Norton Finance began in 1974, and it is still going strong today. In fact, the company is one of the oldest independent finance brokers in the UK. Today, it has over 250 employees, and although it has grown considerably in size, it stands by the values of the small family that founded it.
Norton Finance is a family-owned business to this day, over 36 years later. The company’s senior management staff has over 200 years of experience in the lending market. The call centre is English-based, so you will be able to understand the representative that you speak to over the phone. It is free to call, and the helpful, experienced, and friendly staff can answer any questions you may have as well as guide you through the process of securing your loan.
This company prides itself on its friendly and fair service, and the employees are more than happy to answer any questions that their clients may have. Norton also strives to make borrowing easy and fast. With its long history and excellent service, this established company makes getting secured loans less stressful for you and your family.
Practices
During a recent expansion, Norton Finance opened a brand new office in the UK, and they outfitted it with state-of-the-art technology. The company designed their advanced computer system to quickly search through an expansive database of some of the UK's biggest and most reputable lenders. Because of this technology, individuals can rest assured that they are getting a very competitive interest rate.
Employees of Norton have the knowledge and experience to obtain the best loan for your circumstances through the various lenders they have at their disposal. In fact, once the company receives your online application, a representative can give you an ‘in principle’ decision within 24 hours.
To begin searching for a loan, a potential client can begin by filling out an online form. A representative from the company will contact the potential client after locating a loan that suits that client's needs. Instead of just using the internet, individuals can also simply pick up the phone and speak directly to an agent.
Services
Norton Finance assists their clients with a number of different kinds of loans. Some of the loans that this company provides include business loans, consolidation loans, adverse credit loans, mortgages, and remortgages. Unsecured loans and secured homeowner loans are also available through this company.
A secured loan requires that you use your home as security for the loan. This allows you to borrow a higher amount of money, which you can use for anything from paying bills to remodeling your kitchen. If you default on your loan, however, you put your property at risk. Because of this, the chances of a borrower defaulting are quite low.
Borrowers can get homeowner loans anywhere from £3,000 to £100,000. Norton Finance also offers a unique repayment option as well – borrowers are able to determine the length of the loan repayment. Depending on your individual situation, you can take anywhere from three to 25 years to pay back your loan. If you want to pay it off quickly, you will have higher monthly payments than if you choose a longer repayment period. On the other hand, if you choose to pay it off over several years, you will typically pay more interest.
You can apply even if you have financial problems, credit card judgments, or are self-employed. Once the company has processed your application, a representative will make an in-principle decision very quickly. Once Norton has approved your application, you will have access to your money as soon as possible, and you will be free to spend the funds exactly as you wish.
Clients and Customers
At Norton, a borrower's credit is not the only determining factor for loan qualification. Given that fact, borrowers with less than perfect credit and financial problems may still qualify. In addition, county court judgments are also not considered to be an automatic disqualification, so a broad spectrum of homeowners may qualify for the loan.
Secured loans from Norton Finance are an excellent option for borrowers who do not qualify for unsecured loans. Borrowers can be almost any age, as long as they own their own homes. It’s a real perk for self-employed borrowers as well, because they generally have a difficult time proving their income and qualifying for other types of loans.
Associations and Credentials
Norton Finance is a member of the Association of Finance Brokers (AFB) as well as the Consumer Credit Trade Association (CCTA). In 2011, the company was also named the Best Secured Loan lender by MyIntroducer.com.
Interest Rates
Since Norton Finance has a strong relationship with many major UK lenders, they are able to offer their customers very competitive interest rates. Of course, a borrower's interest rate will usually depend on a few different factors, such as his credit and employment history.
At the time of publication, the average interest rate for secured homeowner loan was 17.9%, but many borrowers had much lower interest rates. The highest interest rate was 29.9% and the lowest rate was 9.9%.
