Black Horse Personal Finance – Loan to Finance your Personal Needs

2007-03-08 10:33:40

( Financial )



Black Horse is the trade name of Lloyds TSB Asset Finance Division which was formed in September 2000 by the Lloyds TSB Group. Black Horse provides a wide range of loan products from retail and motor finance to mortgages, refinancing loans and point-of-sale secured and unsecured loans. They operate online as well as through their finance centers across the United Kingdom.

What is a Black Horse Personal Finance?

A Black Horse Personal Finance is an Unsecured Loan. This type of loan is not secured against any collateral which means you can qualify even without owning a house or any property. You can borrow an amount ranging from £500 to £15,000. Black Horse Personal Finance Loans are paid out typically within 6 days of your application.

Repayment Features:
•The repayment term is from 1 to 5 years, depending on your loan amount.
•You have an option to defer your payment for up to 90 days after funds are issued.
•You can make optional breaks on your payment once every year.
•You pay a Fixed Annual Percentage Rate.

Should you want to settle your loan early, you can request for a settlement statement from Black Horse. This statement will indicate the amount to be paid in order to settle the loan. The amount will be based on certain factors such as the original repayment term of your loan and at what stage you are in your payments when you make the settlement request.

Like any other personal loans, you can use a Black Horse Personal Finance for all kinds of purposes like home improvement, travel, tuition, wedding, or even to consolidate or pay off your existing debts or other loans.

Who can apply for a Black Horse Personal Finance?

A Black Horse Personal Finance is only available to individuals who are at least 18 years of age and a resident of the United Kingdom not including Isle of Man, Channel Islands and Northern Ireland. Joint applications can be made.

There is no minimum income required to apply but like most loan companies, your loan application, amount, rate and other loan features are subject to credit review and assessment.

Whether you’re looking into applying for Black Horse loans or other personal loans, do your research first to find out which will best suit your needs.


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