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Whatever
question you may have, don't be afraid to ask - simply call
us and we'll be happy to help.
Or you can email us at contact@00-loans.co.uk
In the meantime, here's some answers to the questions we're
most frequently asked.
How much can I borrow?
How long does it take to get a
decision?
From approval, how long does
it take to get the cash?
What can I use the loan for?
What if I am ill or if I'm made
redundant?
What if I die before my loan is
paid off?
Can I repay my loan early?
Can I cancel the loan at anytime?
Are there any upfront fees?
How confidential is my application
and my loan?
What types of finance are
available?
Can you help me if I want
to remortgage my property?
What if I have a question that
hasn't been answered above?
Q. How much can I borrow?
A. With a Double 00 Loans, you can borrow
any amount from £5,000 to £100,000 and repay it
over any period from 5 to 25 years - just select the monthly
payment from our chart that suits you best. There are no hidden
costs or charges.
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Q. How long does it take to get a decision?
A. We will give you an immediate 'in principle' decision and
send out your loan offer that same day. You'll be under no
obligation, and no sales people will call at your home.
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Q. From approval, how long does
it take to get the cash?
A. This depends on what type of loan you take out. For secured
loans you can usually expect to receive your cheque within
14 days, however, if your loan requirement is urgent and over
£25,000, you can expect to receive a cheque even sooner.
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Q. What can I use the loan for?
A. You can use your loan for any reasonable purpose. Whether
it's to make a large purchase like a car or boat, to take
a fantastic holiday, or to pay off any existing debts, we
can help. Your loan is for you to spend how you see fit.
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Q. What if I am ill or if I'm made redundant?
A. You can insure your payments so that you won't have to
worry if you lose your job or are off work through accident
or sickness. We strongly recommend that you take out this
payment protection because your home is at risk if you do
not keep up the repayments on a mortgage or any loan secured
on it. Our payment protection gives you and your family extra
comfort and peace of mind.
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Q. What if I die before my loan is paid
off?
A. The loan will still need to be repaid by your estate, but
you could choose to insure yourself and your partner so that
the loan is immediately paid off were either of you to die
during the period of the loan. This life insurance is highly
recommended.
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Q. Can I repay my loan early?
A. Yes, you can repay the loan back at any time. The method
of calculating the amount of money required on early redemption
will be stated in the loan agreement. We will also send you
a copy of the FISA borrowers information guide which will
explain the procedure in detail.
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Can I cancel the loan at anytime?
You are under no obligation whatsoever. You can cancel your
loan at any time up to completion without incurring any costs
or penalties, unless you have already instructed us to carry
out a mortgage valuation and you are taking out a mortgage.
Otherwise there are no costs or penalties.
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Q. Are there any upfront fees?
A. No. With Double 00 Loans, there are no upfront fees whatsoever.
On some occasions you may not qualify for one of our mainstream
products and, if this is the case, we may add a fee to your
loan to cover the extra processing costs involved, however,
this will be fully disclosed on your loan documentation. It
will only be payable if and when your loan completes. You
will not have to find the cash, as the fee will be deducted
from the loan.
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Q. How confidential is my application
and my loan?
A. 100% confidential. We treat all applications in the strictest
confidence and at no time will we contact your employer or
bank except with your permission. The selected loan provider
will need to contact your bank to arrange the direct debit
for your repayments. For further information, please see our
privacy & legal page
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Q. What types of finance are available?
A. With Double 00 Loanss we give you
the choice. You can take out a loan that's secured against
your existing property (a secured loan) or one that is not
(an unsecured loan). You can also choose whether you want
to have a fixed rate of interest (the amount you pay back
every month stays the same for the initial period of the loan)
or a loan with a variable rate of interest (your monthly repayments
will change, moving up or down in line with general interest
rates).
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Q. Can you help me if I want
to remortgage my property?
A. Yes. It's very straightforward and we'll take care of all
the administration for you. With a remortgage you repay your
existing mortgage and replace it with a new mortgage for a
larger amount which is also secured on your property. Remortgages
tend to be at lower interest rates than secured or unsecured
loans.
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Q. What if I have a question that hasn't
been answered above?
A. Ask us! email us at contact@00-loans.co.uk We'll be happy
to answer your questions and help in any way we can.
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| Double 00 Loanss are administered
through Central Capital.
Central Capital is
registered in Guernsey Number 37613 Registered
Office: 1 Le Marchant Street, St Peter Port,
Guernsey, GY1 4HP. Licenced credit broker.
Loans subject to status and ability to repay.
Written quotations available on request.
Typical Example: £20,000 over 120 months
= £243.59 per month. Total repayable
£29,230.80 APR 8.4% variable. Optional
payment protection insurance available.
On some plans a fee of up to 10% may be payable.
LOANS SECURED ON PROPERTY. IF YOU ARE INTENDING
TO REPAY OR CONSOLIDATE EXISTING UNSECURED
DEBT THEN YOU SHOULD BE AWARE THAT THESE WILL
NOW BE SECURED BY WAY OF LEGAL MORTGAGE AND
YOU MAY PAY MORE OVER THE LONG TERM YOUR HOME
IS AT RISK IF YOU DO NOT KEEP UP REPAYMENTS
ON A MORTGAGE OR OTHER LOAN SECURED ON IT
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