Moneysupermarket.com launches secured loan product

Moneysupermarket.com has launched an exclusive secured loan product, with a of 7.5% APR.

The Platinum Loans’ offering is provided exclusively to moneysupermarket.com by Central Capital.

Tim Moss, head of loans at moneysupermarket.com, says: “With unsecured lenders slamming their doors in the faces of increasing numbers of consumers, a competitive secured loan product is vital for many people in the UK.

“For those people with a healthy income, plenty of equity in their home and, perhaps, only one or two blips on their credit record, a secured loan can be a good option, giving them the ability to borrow more at a lower rate.”