Southern Pacific Personal Loans (SPPL) has announced the launch of two ranges of new secured personal loans.
Available from Monday, people can take out secured personal loans from a regulated secured personal loan range or unregulated secured personal loan range.
The regulated personal loan has a maximum value of £25,000. For bigger loans, the unregulated personal loan has a maximum size of £150,000.
Both these ranges have interest rates which are set above the London inter bank offering rate (Libor), according to Mortgage Introducer.
This new personal loan range is designed to be "at the most competitive end of the market" in the "booming sector" of secured second charge loans, says SPPL's UK head of sales, Marie Kennedy.
The products cater for people with various credit profiles and hope to fill niches that are not readily available from other personal loan providers, Ms Kennedy says.
"We are confident that the new range will prove to be very popular with both brokers and borrowers," she concludes.
Secured personal loans available
Secured personal loans available
Thu, 17 Nov 2005
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