Nemo Loans

About Nemo Loans

If you are a UK homeowner with a mortgage and you wish to raise some finance for one reason or another, Nemo Loans may be able to assist you. Part of the Principality Building Society Group, Nemo Loans was launched in 2005 and offers its customers secured loans of between £10,000 and £100,000 at a variable APR that ranges between 9.6% and 13.4%. In these difficult economic times, it is important to review your finances carefully in order to decide how best to proceed into an unknown future. This may mean that taking out a loan is not right for you but, if it is, Nemo Loans is one of the most competitive providers in the business. In fact, Nemo Loans has a typical variable APR of just 9.6%, which compares favourably to other financial lenders who have a typical APR of around 25%. Moreover, the company claims that 66% of its customers receive the typical 9.6% APR, so it is quite possible that you will also be able to enjoy these fantastic rates. Whilst many loan providers will demand a very specific reason for your taking out a loan, it is pleasing to note that Nemo customers can apply for a variety of reasons. Indeed, you may want to consolidate your debts with a Nemo loan or carry out those essential home improvements that will add value to your home when the housing market eventually recovers. Nemo will provide a secured loan for any personal purpose, which means that the only exclusions are if you intend to invest the money or use it for business purposes. Nemo customers are reminded before taking out a loan that it will be secured against their home, therefore, if you are unlikely to keep up repayments, you should be aware that your home may be repossessed.

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