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|Q||Who can apply for a loan?|
|A||You must be over 18, resident in the UK, and a homeowner, not tenant. Otherwise, there are no restrictions, even if you have found it difficult to get a loan elsewhere: for example, self-employed or poor credit record, even IVAs.|
|Q||How easy is it to apply?|
|A||Very easy: just fill in our very simple online form. A representative will call you within hours to check the details, and give a decision in principle on the loan. The loan agreement will then be sent to you for your signature.|
|Q||Is it expensive?|
|A||Rates are competitive, and by combining your
expensive credit card debts into one secured you can significantly reduce
your monthly payments.
Example: £15,000 over 120 months @ £201.80 per month = £24,216.00 total amount repayable (10.9% APR variable). Please use our repayment calculator to plan your own monthly payments.
There may be a fee payable for arranging your loan, but this is not charged in advance.
|Q||Will my payments be insured?|
|A||Your quotation will include the option of a Payment
Protection Plan to cover your payments in the event of unemployment, accident
or illness. However, you are not obliged to take out this cover.
Example premiums are given on the repayments page. Conditions may vary, and the representative will give you full details.
|Q||Who are Kite Finance?|
|A||We are an internet-only loan broker, and are
licensed by the Office of Fair Trading to conduct Consumer Credit business,
licence number 524376.
We work in partnership with Independent Finance Corporation Ltd, a subsidiary of Central Trust plc and Multi Source Funding, and it is their representative who will call you when you complete the on-line form. They are regulated by FISA.
|Loans secured on property. Your house is at risk if you do not keep up payments on a mortgage or other loan secured on it.|