ABC Loans

If you're tired of doing all the shopping around and research for a secured loan, it may be time to look at a loan broker site, such as ABC Loans, that allows you to submit your details just once and wait for a number of lenders to come back to you with their best quotes. This means that lenders can be competing for your business so you could find a good deal.

All you need to do is fill in a short online form. The application process takes only about 10 minutes to complete. Within about an hour you should be hearing back from lenders with their offers. They will either contact you via email or with a phone call.

The typical APR is 11.5% Variable. The actual interest rate you will receive depends on a number of factors such as your current circumstances and credit history. You can borrow from 5 to 25 years and there is no limit on the amount you can apply for.

ABC Loans also offer a free gift - there are a number of options available from mobile phones to flying lessons and a cruise. The options available to you depend on the amount you are applying to borrow.

Online Application

Summary Table

Interest Rate	Typical 11.5% APR Variable
Repayment Terms	5 to 25 Years
Loan Amounts	No Limit
Secured?	Yes
Online Account Access	Varies by Lender
Early Payment Penalty	Varies by Lender

Credit Sources Review

Companies like ABC Loans can offer a quick and easy way to get a number of quotes from lenders without the hassle of shopping around. This can particularly be the case if you have a poor credit history. Many banks don't lend to those with bad credit so it can be frustrating and time consuming to apply at a number of banks and lenders.

While they say there is no limit to the amount you can apply to borrow, you should still be realistic. Think about how much you can pay back each month and how much debt you want secured against your home. You can usually borrow up to 125% of the value of your home but that might be too big a risk for some. Remember that your home may be at risk if you don't keep up repayments on any loan secured against your home.

The free gifts offered can seem very tempting but don't let this affect your decision if you can get a better interest rate elsewhere - a higher rate could cost you much more over the life of the loan than you can get back with a free gift.

Application