Secured Personal Loan

Secured Personal Loan and Buy to Let Mortgages

Personal loans can be secured either by a pledge or deposit in account or personal guarantee/indemnity. Each of them are subject to different conditions and procedures and priced case by case.

The minimum amount for a personal loan which is subject to a security against is usually 12,000 GBP but Isbank may occasionally seek for security for lower amounts. We usually can offer longer terms for the loan application above 30,000 GBP though the maximum loan period is 15 years.

Secured Loan – Secured by Deposit

In this type of secured loan, we put our charge/blockage on the Deposits and it should remain as long as the Loan is active. The blockage amount should be as the same amount as the Loan amount or higher which is to be determined before the allocation according to the specific conditions of the Bank’s Offer.

Secured Loan – Secured by Personal Guarantee

In this type of secured loan, Personal Guarantee of someone credible is required. The Guarantor should provide all of the required documents subjected to the Loan Application too.

Secured Loan – Secured by Land/Property

In this type of secured loan, we accept the pledge on a valuable Property and the loan assessment is done also by considering the value of the Property. To determine the value of the property a survey needs to be conducted by a Certified Surveyor.

Thanks to the Isbank organization, we can accept the pledge on the properties placed in Turkey as the security. Please note that, we can only provide a loan amount of up to 75% of the valuation figure which is valued in Turkish Lira. Our interest rates will be determined in line with the affordability of the loan as well as with your credibility and internal credit scoring. The assessment process usually takes 15 working days.

We can provide Buy-to-Let Mortgages by accepting the pledge on the properties located in the UK however the Property requires to be used only for Investment purposes. Residential purposed mortgages are not allowed to be provided by our branch. Please see the details in Buy-to-Let Mortgages section.

Buy-to-Let Mortgages

We can offer you Buy-to-Let Mortgages in order to help your Investment purposed property purchases in the UK. In this type of product, we accept the pledge on the property to be purchased as the security and expect the monthly rental income to be over the monthly loan instalment.

With a dedicated team working hard for you to get the best offer, once the initial assessment has been done, a valuation process on the property is conducted by Certified Surveyors. Once having the valuation report, we can get back to you usually within 15 working days with a conditional first offer.

We can provide a loan amount of up to 75% of the valuation figure, with the maximum loan period of 15 years. Our interest rates will be determined in line with the affordability of the loan as well as your credibility and internal credit scoring and refer the Bank of England as the variable.

If you accept the conditional offer, the related documents are sent to the Solicitors to complete the Legal Charge and the rest of the process.

Please note that, we cannot accept the pledge on the residential purposed properties as the security.

Rates are subject to the assessment process regarding your criteria

Secured Personal Loan