Black Horse offers exclusive secured personal loan rate

Mon, 16 Feb 2009

Black Horse is offering customers an exclusive secured personal loan rate through Moneysupermarket.com.

Consumers looking for a personal loan of this nature will be able to access the product with a headline rate starting at 7.9 per cent.

According to the firm, the new secured loan offering comes at a time when such products are becoming harder to get.

Tim Moss, head of loans at Moneysupermarket.com, said: "With the secured loan market imploding over the past 12 months, this initiative from a well respected lender will, at last, bring more choice to the marketplace."

Anyone looking to take out a secured loan through Black Horse will be able to borrow between £10,000 and £40,000 for a period of between three and ten years.

Recently, Sainsbury's Finance stated that there was a 24 per cent increase in the number of personal loans taken out to fund home improvement projects last year when compared to 2007 levels.
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