£150,000 - £500,000 Loan FAQs
Please click below for the answers to our most commonly asked questions. If you can't find the information you need, call us free on 0800 694 5566 and one of our advisers will be happy to help.
Can I borrow £500,000 with bad credit?
Yes, it is possible to borrow £500,000 even with bad credit. We strive to help everyone who needs support, even if you have a history of bad credit or CCJs.
How much can I borrow?
Norton Finance offers loans up to £500,000. You can borrow anywhere between £3,000 and £500,000.
How long are the repayment terms?
The repayments on a £500,000 loan can last anywhere between one to 30 years, depending on what you’re comfortable with paying back each month.
What are the interest rates?
Homeowner rates start at 2.9%, but the interest rate on our loans varies, and is largely based on the circumstances of an individual.
How long will it take?
A decision can be instant, but please give one to two weeks for your application to be processed and the money to arrive in your bank account.
Are there any loan fees?
We’re a broker rather than a bank. This means we receive a commission from lenders upon completion of a loan. We also apply a broker fee of up to 12.5% of the loan, capped at £3,995.
Can I pay off a loan early?
Should you find yourself able to, you’re free to repay the amount in full at any time. However, doing so may incur an Early Repayment Fee. The fee is calculated according to how much interest the lender stands to lose on your loan via early repayment.
What happens if I miss a payment?
If you are late in making a loan repayment, it’s important to get in touch with the lender as soon as possible. They can help arrange for an extension or a way to restructure your repayments.