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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Central Trust

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.

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

If you are approved for a personal loan with Central Trust, it’ll act as a lender, not a broker.

Want to see which lenders can offer you a secured loan?

  • Good and bad credit histories accepted.
  • Quick loan funding with no hidden costs.
  • 1 fast, simple form to compare multiple lenders without affecting your credit score.

warning icon Warning: late repayments can cause you serious money problems. See our debt help guides.

warning icon Warning: your home may be repossessed if you do not keep up repayments on your mortgage or any other loan secured on it.

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.

Interest rates are fixed for the duration of your repayment period, however, the rate you’re offered will depend on factors such as the amount you apply for, the term of the loan, your credit rating and your income. It may differ from the advertised ‘Representative APR’.

What is APR?

If you’re comparing any credit-based products, it won’t be long before you’ll come across the Annual Percentage Rate (APR). This figure is designed to provide an annual summary of the cost of a loan. It takes into account both interest and any mandatory charges to be paid (for example an arrangement fee) over the duration of a loan.

All lenders must calculate the APR of their products in the same way, and must tell you the APR before you sign an agreement, so for consumers it can be a handy tool for comparison.

Bear in mind, however, that lenders are only obliged to award this rate to 51% of those who take out the loan – the other 49% could pay more. That’s why it’s often referred to as the representative APR.

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

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