United trust bank secured loan is a specialist lender that offers second-charge mortgages to homeowners. Typically, borrowers can access secured loans of up to PS500,000 but it is possible to go higher on referral.
The repayment term can be set between three and 30 years, and part-years are also available. This gives UTB’s borrowers the flexibility to match their loan with their needs and budgets and could mean lower monthly payments. However, it’s important to remember that the longer the repayment period, the more you will pay overall.
Exploring Financial Solutions: A Comprehensive Guide to United Trust Bank Secured Loans
Customers can contact customer support by phone or email, and it’s nice to see that the option of e-mail is offered, as not every lender does this. On Trustpilot, UTB has a high score of more than four stars, which is very encouraging and demonstrates that the provider is delivering an excellent customer experience.
A secured loan can be used for a variety of reasons, from buying a new car to paying for home improvements. However, the most common use is for debt consolidation, as it can be easier to manage monthly repayments when they are all rolled into one single, affordable payment. It’s worth noting that secured loans are secured against your property and missed payments may impact on your credit score. As such, it’s always best to check whether you have the funds to repay your loan without incurring any financial penalties. If you can’t, it’s important to avoid applying for a loan as unsuccessful applications will also impact on your credit score.