Have you got a mortgage with Danske Bank? You can apply for a homeowner personal loan and obtain an exclusive interest rate.
Northern Ireland based Danske Bank offers a dedicated personal loan product to its mortgage customers. So if you’re already relying on it to pay off your new, comfy apartment and you’re in need of a little extra cash to get yourself an equally new and comfy couch, buy a new car or go on a much needed holiday, you may be in for a little treat.
Danske Bank’s Home Owners Personal Loan is unsecured: despite being a “homeowner” loan, it doesn’t use your home as security. It comes at a variable interest rate, which goes up or down depending on the base rate established by the Bank of England, but unlike with most personal loans it doesn’t vary according to the amount you borrow. So, since more often than not borrowing small amounts is synonymous with sky-high APRs (Annual Percentage Rate), Danske Bank Home Owners Personal Loan is especially competitive if you borrow less than £5,000.
Aside from the interest rate, Danske Bank Home Owners Personal Loan’s key feature is probably the no early repayment charge – if your financial situation changes and you want to settle your debt early, you won’t be penalised.
|Loan type||Unsecured Personal Loan|
|Loan amounts||£1,000.00 to £25,000.00|
|Loan terms||1 Year to 5 Years|
|Loan rate type||Variable|
|Same day funding available|
|Same day funding note||Branch applications only.|
|Instant decisions in most cases|
|Soft-search facility available|
|Overpay without penalty|
|Concurrent loans allowed|
|Topping-up pays off existing loan and initiates a new loan|
|Repayment methods||Standing Order|
Am I eligible?
|Available to||Existing Customers only|
|Age||18 or over|
|Acceptance note||Customer must have an outstanding mortgage product at the date of the Home Owners personal loan application.|
How do I apply
Unfortunately, you can’t apply for a Danske Bank Home Owners Personal Loan online – you’ll need to do it in branch.
However, Danske Bank has set up a dedicated phone number for existing mortgage customers, which you can call for any queries regarding your mortgage, including discussing the opportunity of getting a homeowner personal loan.
As an existing Danske Bank customer, you should be able to avoid the hassle of taking loads of documents with you for the application as they will already have most of your details. If you call beforehand, they will let you know what exactly you need to bring for your application.