Central Trust homeowner loans

One of the UK’s longest-established secured loan lenders, Central Trust offers a simple online application process and unlimited overpayments free of charge.

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

Central Trust is part of the Norfolk Capital Group, which has been providing secured loans in the UK since 1988. You could borrow £3,000 to £250,000, secured against your home, to be repaid over 3 to 30 years. Central Trust is regulated by the Financial Conduct Authority.

Compare Central Trust loans

Table: sorted by overall cost for comparison (representative APRC)
Updated November 17th, 2019
Name Product Maximum LTV Loan amounts Loan terms Overall cost for comparison
60%
£3,000 to £250,000
3 to 30 years
9.9% APRC
60%
£3,000 to £250,000
3 to 30 years
11% APRC
60%
£3,000 to £100,000
3 to 30 years
11.4% APRC
75%
£3,000 to £100,000
3 to 30 years
11.4% APRC
75%
£3,000 to £100,000
3 to 30 years
12.7% APRC
60%
£3,000 to £100,000
3 to 30 years
12.7% APRC
75%
£3,000 to £70,000
3 to 30 years
13% APRC
60%
£3,000 to £70,000
3 to 30 years
13.2% APRC
75%
£3,000 to £70,000
3 to 30 years
14.4% APRC
60%
£3,000 to £70,000
3 to 30 years
14.6% APRC
75%
£3,000 to £50,000
3 to 25 years
15.1% APRC
75%
£3,000 to £50,000
3 to 25 years
16.7% APRC

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Overall representative example
If you borrowed £36,000 over a 15-year term at 8.84% p.a. (variable), you would make 180 monthly payments of £402.86 and pay £72,514.80 overall, which includes interest of £32,419.80, a broker fee of £3,600 and a lender fee of £495.00. The overall cost for comparison is 11.3% APRC representative.

Key features of Central Trust personal loans

  • Spread your loan over 3 to 30 years. The interest rate you pay may differ according to how much you borrow and your loan term.
  • Borrow £3,000 to £250,000. The amount you can borrow will be determined by your credit score and affordability.
  • Personal service. An advisor will call you to go through your application and you will receive regular updates.
  • Product fee. Central Trust will charge a fee of £999 for arranging your loan.
  • Fixed monthly repayments. You’ll pay the same amount each month, helping you to budget. This also means that the overall cost of the loan will be clear from the start.
  • Online account management. Make payments, apply to borrow more or inform Central Trust about any payment difficulties through your online account 24/7.
  • Repay your loan early at any time. You can make as many additional payments as you like without charge.

Am I eligible for a Central Trust homeowner loan?

You should only apply for a Central Trust homeowner loan if you’re certain you can meet the repayment terms. You must be a UK homeowner. Central Trust does not provide loans to tenants. If you jointly own the home you must apply with the other person.

How can I apply?

Fill out the brief online application form, providing details of how much you would like to borrow and how long you will need to pay it back. You will need to give your contact information and details about your property value and mortgage. An advisor will then call you to discuss your application. Central Trust will run a credit and identity check and once approved, the funds should be in your bank account within 2-3 weeks.

Frequently asked questions

We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you.

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