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Frequently Ask Questions

How much can I borrow?
This will apparently depend upon your on-hand income and the amount of collateral available within your assets. Subject to these factors we can organize a loan from a minimum of £3,000 to a maximum of £500,000.

Once I sign the paperwork, am I committed?
No, signing paperwork doesn’t mean that you are bound by it. If you change your mind afterwards you can cancel it at any time at no cost.

Are there any fees charged?
No broker fees will ever be charged up front. However, in some cases a fee may be charged on the maturity of your loan. The maximum limit is 10%. You will be aware of any possible fee from day one and they can be built in to your loan package.

Over what period of time can I extend my loan?
This is entirely up to you and the repayment consultant may help you resolve. Generally, loans are available over three to thirty years.

Are fixed interest rates offered?
A  vast majority of loans arranged by Chanceforloans has interest rates fixed for up to five years (where the loan term is 60 months or longer). We also arrange fixed interest rates for up to fifteen years and capped rates.

What about privacy and confidentiality?
We treat your loan application as classified information. We will not contact your employers, bankers or any other third party. If it happens then your permission will be taken.

Are there any preconditions on how I can spend the money?
No, the lending agency which advances the loan is not bothered on how you spend your money. You can use the money for any purpose

What if I want to settle the loan early?
Different lenders have different policy on early repayments. The lenders who accept early repayment will calculate the  outstanding balance  and a rebate is given on the outstanding interest in accordance with the Consumer Credit Act 1974.

What if I want to move residence?
Simply pay the unresolved loan balance from the earnings of the sale. Alternatively, lending agency will transfer the loan to your new property.

What if I want to borrow more in the future?
Simply contact our office. We will be more than happy to arrange a suitable quote  for the required advance.

How long will the loan take to fix up?
The process generally takes two to three weeks. The time gap depends  on how quickly you can supply us with the requisite documents and credentials to complete your loan.

What if my circumstances change - or if I have other questions?
In such case, we allot an advisor who will be in liaison with you and you can contact you at any time of day to clear your doubts and concerns. You can also take the help of  our friendly and experienced customer care service. Associate yourself with Chanceforloans and make the best use of our expertise.

 
 
 
Please be advised that www.chanceforloans.co.uk does not deal in mortgages or remortgages.
 
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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 A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.
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