Picture The Loan
Picture offer good value secured loans to homewners at a typical rate of 8.4%, which is pretty reasonable if not quite the absolute best on the market. You can borrow up to 125% of the value of your home (less the outstanding mortgage) although there is an upper limit of £100,000. The minimum loan is set at £10,000, and you can choose a repayment period of between 10 and 25 years.
You can use the loans for any legal purpose - they suggest debt consolidation or home improvements, and their web site makes it easy to apply with a short online application form, a callback option, or even just a chat on their freephone number to see what your options could be.
To help you decide what size of loan to apply for, should you choose to go ahead, and over what timescale, the site also features handy repayment and consolidation savings calculators.
Finally, the web site itself is nicely designed with a clear, plain colour scheme and layout, and it isn't full of hype urging you to take out that loan so that all your problems would be solved!
Picture Finance at a glance
| Product / Lender: | Picture Loans |
| Typical APR: | 8.4% |
| Minimum Loan Size: | £10,000 |
| Maximum Loan Amount: | £100,000 |
| Minimum Term: | 10 years |
| Maximum Term: | 25 years |
| Comments: | Offering loans of up to 125% of your home's value |
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