Optimum Credit Secured Loans

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  • We've teamed up with the UK's favourite secured loan broker* Fluent Money to help you in your secured loans search
  • Homeowner secured loans usually have to be applied for through a broker using your property as security
  • Compare Optimum Credit Ltd against other secured lenders using the calculator below

Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on a loan or any other debt secured on it. Click here for a representative example

    • Optimum Credit Ltd logo

      Optimum Credit Ltd

      • Initial Rate
      • Total Repayments
      • Monthly Repayments

    Other Secured Lenders

    • Paragon Bank PLC logo

      Paragon Bank PLC

      • Initial Rate
      • Total Repayments
      • Monthly Repayments
    • Masthaven Bank Ltd logo

      Masthaven Bank Ltd

      • Initial Rate
      • Total Repayments
      • Monthly Repayments
    • Shawbrook Bank Limited logo

      Shawbrook Bank Limited

      • Initial Rate
      • Total Repayments
      • Monthly Repayments
    • United Trust Bank logo

      United Trust Bank

      • Initial Rate
      • Total Repayments
      • Monthly Repayments
    • Together logo


      • Initial Rate
      • Total Repayments
      • Monthly Repayments
    • Step One Finance Limited logo

      Step One Finance Limited

      • Initial Rate
      • Total Repayments
      • Monthly Repayments
    • Oplo logo


      • Initial Rate
      • Total Repayments
      • Monthly Repayments
    • Norton Home Loans logo

      Norton Home Loans

      • Initial Rate
      • Total Repayments
      • Monthly Repayments
    • Central Trust Ltd logo

      Central Trust Ltd

      • Initial Rate
      • Total Repayments
      • Monthly Repayments
    • Evolution Money logo

      Evolution Money

      • Initial Rate
      • Total Repayments
      • Monthly Repayments

Please note: Loans displayed have a minimum term of 12 months and a maximum term of 360 months. Maximum APRC charged 49.9%.

Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on a mortgage or any other debt secured on it.

If you are thinking of consolidating existing borrowing you should be aware that you may be extending the terms of the debt and increasing the total amount you repay.

Our comparison service features a selection of providers from whom we receive commission. This table is ordered by initial rate. *Fluent Money completes more secured loans than any other broker.

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Last updated on 09 November 2020.

Optimum Credit Secured Loans FAQ

Who is Optimum Credit?

Optimum Credit is a Wales-based lender of secured loans, in the form of second charge mortgages. They offer different types of second charge mortgages to homeowners in the UK and have been in operation since 2014.

What types of secured loans does Optimum Credit offer?

Optimum Credit secured loans are offered in the form of second charge mortgages, which are additional mortgages taken out against a property on which you already have a mortgage. The loan is offered on either fixed, variable or discounted interest rate terms, each offering different advantages and disadvantages, so it pays to do some further research before committing to a secured loan.

What could I use an Optimum Credit secured loan for?

In theory, you can spend the money you borrow on a secured loan on anything you like. Most borrowers require the cash to cover a large expense, such as a home extension, a garden landscaping project or even for a holiday. Others use the money to pay off existing debts and consolidate their loans into a single debt. However, this type of loan is secured against your property, which means there is a very real chance you could lose your home if you cannot afford to repay the debt.

In addition, if you use a secured loan for debt consolidation, you could end up paying off more overall as you may extend the term of the loan.

What are the lending criteria for an Optimum Credit secured loan?

To be accepted for an Optimum Credit secured loan, or any other second charge mortgage, you will need to be a homeowner living in the UK. Lenders will usually also check your credit score and your employment status, alongside your financial commitments, to check you can afford the repayments.

How much will Optimum Credit lend me?

This all depends on a range of factors, including your financial circumstances, the value of your home and your credit record. You can check your credit record before starting any application process in order to avoid applying and being turned down, which can damage your credit score.

Can I repay by Optimum Credit secured loan early?

You are able to repay the total loan amount outstanding whenever you wish. However, you may incur charges for early repayment, so check these details with lenders before deciding which loan is right for you.

Where does NerdWallet get its comparison table information from for Optimum Credit secured loans?

We work with a popular secured loan broker, Fluent, which can provide broker services to customers looking to take out a secured loan. Brokers are often used to help borrowers arrange and apply for secured loans and some lenders will only work through brokers. Other borrows prefer to seek out a lender they can work with directly.

What should I do if I am struggling to meet my Optimum Credit secured loan repayments?

It’s advisable to contact your secured loan provider as soon as possible if you think you might miss a payment. This can sometimes help you avoid late payment charges. Lenders will also often help you to meet future repayments by restructuring the repayment agreement, although this may lead to your loan term being extended and the total amount repayable may increase as a result.

Services offered by this provider may change over time. Always check Ts&Cs.

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