Low Interest Loans FAQs
Find out more about our loans and services as we tackle some of our customers’ most commonly asked questions. Visit our Frequently Asked Questions page for more information about applying for a loan
How much can I borrow?
The amount you can borrow depends on your personal circumstances. Lenders usually take into account your ability to repay a new loan, as well as any other debts you may be servicing. They can also consider the amount of equity prospective borrowers have built up in their homes.
Norton Finance helps our customers access secured and unsecured loans from £3,000 up to £500,000.
- Unsecured personal loans – borrow up to £25,000
- Secured loans – borrow up to £500,000
If you know how much you can afford to repay each month, our loan calculator can show you the amount you could apply to borrow
What interest rates are available?
Homeowner loan rates start from 2.99%. The rate you’re offered will reflect your circumstances and how confident a lender is that you can make repayments.
Repayment periods range from one year to 30 years, with a maximum of 10 years for unsecured loans.
What if I have CCJs, defaults or mortgage arrears?
Whatever your previous credit history, our experienced customer care team can help you find a loan with the best terms available for your situation. Even if you’ve been turned down elsewhere, we could still help. We have access to specialist lenders who help customers in your situation.
What interest rates are available?
Homeowner loan rates start from 2.99%. The rate you’re offered will reflect your circumstances and how confident a lender is that you can make repayments.
What is a credit broker?
A credit broker is a company that connects customers to lenders by helping them find a loan product that fits their needs and situation. Credit brokers in the UK comply with the rules set out in the Consumer Credit Acts of 1974 and 2006.
Norton Finance is a member of several official industry bodies including the Association of Mortgage Intermediaries (AMI) and the Association of Finance Brokers (AFB). Norton Finance is authorised and regulated by the Financial Conduct Authority (FCA).
Do mortgage brokers charge a fee?
It depends on the product you take out, and the value of the loan. Some mortgage brokers make their fees directly from the lender as a commission, while others charge the borrower for their services. You’ll be advised of any fees ahead of agreeing to a deal.
How much do mortgage brokers make per loan?
Mortgage brokers receive a small percentage of the loan amount from the lender as commission. Mortgage brokers may charge you, the customer, an additional fee for their services.
Who is Norton Finance?
One of the UK’s leading independent loan companies, Norton Finance has been connecting customers with the right loan for more than 40 years. We’ve won awards for our helpful, straight-talking approach and excellent customer service – including the 2013 Talk Loan Awards prize for Best Secured Loan Broker.
We’re not a bank or building society, so we’re not limited to our own loan products. Instead, we have access to a much wider range of products from our panel of selected lenders to offer you more choice.
We’re here to help guide you through the entire application process. Our Customer Relations Managers and staff are CeMAP-certified – or working towards that certification – so we can keep providing the best experience possible for our customers.
Don’t just take our word for it though – check out our Feefo reviews. We maintain an average 4.7/5 rating and have been awarded the Platinum Trusted Service Award for the level of customer service we maintain.
Find out more about Norton Finance.
