Home Improvement Loans at Low Fixed Rates on YES-secure

March 17, 2011 - PRLog -- Whether it is to add an extra bedroom to your house or a garage to park the new car you have bought, any major renovation is likely to add value to your house. However, it will cost you money. One way of raising this extra cash is to get a low cost home improvement loan through a peer to peer lending website. If you would like to give the banks a pass and go in for a hassle-free unsecured home improvement loan at affordable rates, you can list your loan request with YES-secure.com.
   
What can you use a home loan for?

A home improvement loan can be used to add a structure such as an extra room or kitchen or even another storey to your house. You can avail such a loan for introducing a new facility or general upkeep and maintenance of the house.

How much can you borrow?

You can borrow any amount from £1000 to £25000 for a period of one to five years for a personal loan at YES-secure. However, a loan request with a smaller amount and shorter term is likely to get funded much faster and at a lower rate. Also, you should take out the loan for that long only if it’s absolutely required. The drawback of a longer term is that you will end up paying far more as interest.

What fees will be charged to the borrower?

The borrower is charged a one-time arrangement fee of £80 on an approved loan. If the borrower requests for a loan of £1000, YES-secure add an extra £80 to it and the loan listing is posted for £1080. When we disburse the loan we deduct the fee and the amount transferred to the borrower’s bank account is £1000. You can pay off your debt amount early in full or part without penalties and save a whole lot of money.

What can a YES-secure home improvement loan offer you?

YES-secure offer a simple and quick online loan request and transaction.

YES-secure encourage all credit grades (A* - E) to list a loan request. People with good credit scores can expect a lower rate while those with less than perfect scores are likely to get funded at a higher rate of interest. YES-secure have recently capped the maximum lending rates for its individual markets to provide competitive rates to the borrowers

The borrowers are charged a fixed rate of interest and the fixed monthly repayments can be beneficial in more ways than one. The monthly repayments will automatically be deducted from your account which can help in getting compulsive late payers into a disciplined schedule. The minimum monthly payment (MMP) offers by credit card companies which appear so enticing can actually be your undoing as you end up paying hundreds of pounds over years as interest.  

You can invite your social network to YES-secure to bid on your loan request, however marginal their contribution might be. Even a single recommendation can work wonders for you and increase the probability of getting your loan funded.

Privacy is ensured at all the levels; your personal and financial information is secure.

You are availing an unsecured loan. Of course, you have the obligation to pay the loan or face hassles, creditors and a spoiled credit score but you will not lose your property.

If you would like to know more about YES-secure or its other loan categories, see YES-secure loan listings.

# # #

YES-secure is a P2P social networking lending and borrowing marketplace which provides an online platform for borrowing and lending money and functions on the ebay model.