Low Cost Homeowner & Tenant Loans

Low Cost Homeowner & Tenant Loans


Consolidating your credit is the most sensible solution to reducing your monthly outgoings and helping you enjoy your life today and every day.

Here is an example of a customer consolidating their existing credit with Essential Loans


Existing Credit Balance
Monthly
Hire Purchase £6,000
£195.00

Loan £3,000
£90.00

Credit Card £7,000
£179.00

Catalogue £3,000
£90.00

Credit Card £4,000
£120.00

Store Card £2,000
£60.00


OLD Credit £25,000 £734.00 / month


Customer then replaces £25,000 credit with
ONE Essential Loan of £25,000

Essential Loan £25,000 £234.15 / month

This results in reducing their monthly outgoings by £499.85

Also - why not Have that special holiday you always wanted and add an extra £5,000 to your loan (NB Loans can be used for any purpose)

This would then make your Essential Loan repayment £280.98 and your would still be reducing your monthly outgoings by £453.02

Consolidation of All Credit
£25,000 X 180 Months is £234.15 per month Total Cost = £42146.32 APR = 7.9% Variable (TYPICAL SECURED APR 10.7% as at 10/01/2005)

Consolidation of All Credit and with an extra £5,000
£30,000 X 180 Months is £ 280.98 per month Total Cost = 50575.58 APR = 7.9% Variable (TYPICAL SECURED APR 10.7% as at 10/01/2005)