£60,000 – £100,000 loans

Your £60,000 - £100,000 loan repayment plan

Before committing to a loan, it’s essential that you understand the proposed fees, rates and repayments and ensure you can afford to borrow. A loan or interest rate calculator is a really useful tool for working out how much you’ll be expected to pay back on your loan before you accept a loan agreement.

For example, if you borrowed £60,000 over five years at an interest rate of 4.9%, you would pay an estimated £1,126.46 a month.

Using a repayment calculator

1. Insert the amount you want to borrow
2. Enter the length of your repayment
3. Specify whether or not you own your own home.

What do I need to apply for a loan of £60,000-£100,000?

To fill in a standard loan application form, you will need to provide some basic information about yourself and your circumstances. These should include your:

• Name and address
• Employment status
• Details of your income

If you plan to use your loan to consolidate other debt repayments, please have details on those arrangements to hand. This will make the process much easier as it gives lenders all the information they need to arrange payment.

Commonly asked questions about loans from £60,000 to £100,000

Learn more about how you can borrow a £60,000 loan with our question and answer section.

Can I borrow £100,000 with bad credit?

Yes, it’s possible to apply for a loan of £100,000 if you have bad credit. Lenders will often have a bad credit loan option designed specifically for people with a poor credit history or low credit score. However, they often come with higher interest rates and fees to alleviate perceived risk to the lender.

Are bridging loans a good idea?

A loan of between £60,000 and £100,000 could be used to ensure property repayments are covered in part if you’ve bought a new home but haven’t yet managed to sell your old one. This type of bridging loan is quite common – it involves borrowing a large amount of money in a short timeframe.

However, as a bridging loan is a short-term product you may find interest rates are higher than other types of loan, due to the amounts involved, and it isn’t recommended you take out the loan unless you are confident of paying back the loan in full, sooner rather than later.

Norton Finance loan details

• How much can I borrow?
  This page focuses on loans of £60,000 to £100,000. However, you can borrow between £3,000 and £500,000 from one of Norton Finance’s trusted lenders.
• How long are the repayment terms?
  The total repayments for loans we arrange can last anywhere from three to 30 years, offering you more flexibility and a repayment timeline that suits you.
• What are the interest rates?
  Our homeowner rates start at 3.37%. We take your financial history and present circumstances into account, so the interest rates we offer can vary.
• How long will it take?
  You may receive a decision in principle based on your application immediately. However, please allow up to two weeks for your application to be finalised and the funds to be deposited.
• Are there any loan fees?
  As a broker and not a bank, we receive a commission from the lender upon completion of a loan application. You can expect to be charged a broker fee of up to 12.5% of the loan amount borrowed, capped at £3,995. We do not charge broker fees for unsecured loans.
• Can I pay off a loan early?
  You can repay a loan early, but you may be charged a fee for Early Repayment if you choose to do so.
• What happens if I miss a payment?
  If you miss a loan repayment, we urge you to get in touch with your lender to let them know as soon as possible. They can help you with questions you might have about extending the payment deadline or restructuring repayments.

If you have any other questions, get in touch with a member of our team and we’ll do what we can to help.

Borrowing £60,000 - £100,000 with Norton Finance

There are plenty of reasons why you may need a secured loan of up to £100,000, including using the lump sum to consolidate other loans. This can turn multiple debts into one simple and more manageable repayment. While the amount you want to borrow will factor into your application, we’re here to find a solution that works best for all parties.

We’re happy to talk you through your options and repayment plan - contact us with any questions.