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Freedom Finance

Freedom Finance is a fast growing loan specialist, now with branches across a number of European countries.

They currently offer secured homeowner loans up to £100,000 or 125% of your property's value. The minimum loan amount is £5,000.

Interest rates start at 7.9% and go up to a maximum of 19.9%. Their Typical Rate is 10.7% APR Variable.

Depending on your credit history and current financial situation you may be charged a fee for the loan. This can be anywhere from 0 to 10% of the loan amount.

If you are thinking of paying off your loan early, there will be an early repayment charge with Freedom Finance - this is usually the equivalent of 6 months interest.



Summary Table

Interest Rate	Typical 10.7% APR Variable Ranging from 7.9% APR to 19.9% APR
Repayment Terms	5 to 25 Years
Loan Amounts	£5,000 to £100,000
Secured?	Yes
Early Payment Penalty	Yes

Credit Sources Review

Freedom Finance have made the online loan application process straight forward and easy. You can save your application and come back to it to finish at at a later time that's more convenient.

While their interest rate seems reasonably competitive, they do have some fees that you should be aware of before applying. One can be up to 10% of the loan amount depending on your circumstances. For a large loan this can work out to be quite a lot of money. Make sure you find out how much of a fee applies to you before you finalise the loan. They also have an early payment fee.

They do accept loan applications from those with a poor credit history as well as those that are self employed, even without proof of income.

This loan is secured on your home so don't forget that your home could be at risk if you don't keep up repayments on the loan.

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