“Who says money doesn't grow on trees.”
The answers to our most Frequently Asked Questions are located below. If you require futher assistance regarding a secured loan application and cannot find the information your require here, please Contact Us via our website, or call our friendly staff on 0845 009 51 07
£5000 to £250,000 - subject to suitable security and approval.
This mean that the lender has accepted your request for a secured loan based on the initial information that you have provided.
References or further checks may be obtained to verify this information.
Acacia offer secured loans over 5 - 30 year terms (subject to status and the lender you are applying to).
Acacia are members of the Financial Industry Standards Association and are registered under the Data Protection Act. As such we must adhere to strict guidelines set out by these regulatory bodies. ALL secured loan applications are dealt with in the strictest of confidence.
The money from the secured loan can be used for any legal purpose such as;
This is not a problem. Depending on the lender you are applying to, you can transfer the charge to your new property or even pay off the outstanding balance with the proceeds of your property sale.
Yes.
Just contact Acacia and we can provide you with a no obilgation quote for a further advance on your secured loan, either with your existing lender, or a lender that better suits your current circumstances.
Acacia can offer Payment Protection Cover against this possibility. Subject to certain exclusions and terms, your secured loan repayments will be made directly to your loan company.
Secured loans are all paid monthly by direct debit through your bank or building society.
You can contact us on 0845 009 51 07 or if you prefer you can email info@acacialoans.co.uk, and we will assist you with all your problems or questions.
We aim to have all secured loans completed within 21 days from application, taking into account any statutory consideration periods that may apply. The sooner that we receive all the information we require, the quicker you will receive your money.
Some of the lenders we deal with offer fixed rates, however these are subject to acceptace. Please contact Acacia for further details.
At Acacia we do not charge any upfront fees.
However depending on your circumstances we may charge a fee on completion that will be incorporated into your new loan. You will be advised of any fee upon application.
No, at Acacia we work on a strict NO COMPLETION, NO FEE basis.
Yes, many of the lenders that we deal with will accept overpayments. This means that you will be able to repay your loan sooner than the original term (terms and conditions apply).
Yes, at Acacia we specialise in helping people with a poor credit history. A secured loan through Acacia can be used to consolidate some or all of your credit commitments to reduce your monthly outgoings.
Once we receive your initial enquiry we will search our panel of lender to find the best loan for your circumstances. We aim to approve your loan in principle within 24 hours of your request, and your personal account manager will keep you informed at all stages of your application.
You can contact your personal account manager via the direct line number that will be provided to you upon application, alternatively you can contact the loan processing department on
0845 009 51 07 between 9am and 5pm, Monday to Friday.
Typical Rate is a fair representative of the annual percentage rate (APR) you may qualify for on your personal loan. At least 2 out of 3 customers will receive this rate or lower. The rate you pay will be dependent upon your circumstances.
Customers who have a low level of adverse credit information may qualify for our "Prime" products. These are market leading interest rates that compete with most high street lenders.
A "Prime" customer would generally have had no credit problems in the past 6 years. Thus these customers qualify for the best secured loan rates on the market. Amount of equity does not have to be an issue, lenders in the "Prime" area can offer up to 125% of the value of their property.
Whether a customer qualifies for a "Prime" lender is largely based on their credit history, their annual income, and their "profile" (i.e. personal circumstances such as time a current address, time with current employer etc).
Specialist Lending. Generally where high street lenders are not able to assist due to credit problems (past and present).
"Adverse" customers may have missed mortgage payments, late or missed credit card payments, CCJs/Defaults and or bankruptcies. These secured loan customers my qualify for loans up to 90% of the value of their property (dependant on their credit profile).
The "Self Certification" process allows those customers who have difficulty in proving their income, to apply for a secured loan without the need to provide evidence of earnings. Self Certification is dependant on your personal circumstances.