Pension Loans Explained Borrowing money against the value of your pension can be an excellent way of making your pension fund work better for your financial situation. A pension loan can be used for anything you want and is often used as an alternative way of funding a business. If your pension value is at least £20,000, a pension loan could be made available to you up to a value of £10,000 – this loan could be available to you in less than 8 weeks. If your pension is larger, you can simply borrow more.
Why are Pension Loans a good choice?
- The loans are flexible in terms of how they can be used
- Interest is paid back to your pension increasing its value
- Pension loans are not subject to personal credit checks or income checks.
- Interest rates are low on pension loans in comparison to other unsecured lending
- Your application is processed immediately
In short, a pension loan is a hassle free way of borrowing at a competitive rate. How do I qualify for a Pension Loan? A pension loan is available to you if you have a UK pension with a value of at least £20,000 it is as simple as that. How do I know my pension value? We will help you find this out if you are not sure. How can I use the money from a pension loan? In short, however you would like to use it! It may be to fund a start-up or expanding business or ,for example ,to pay off an existing debt which is charging a higher interest rate. What do I do now? OK. All you need to do is to call us on 01603 340840 or complete the short form below and we will call you back. Our team of experienced pension loan advisers are here to help you explore the possibility of having a pension loan. We respect your privacy and your information will only be used to provide you with the best available pension loan possible.
Productive Pensions – The White House, Norwich Road, Smallburgh, Norwich, Norfolk, NR12 9NS
Productive Pensions are an independent marketing company, and act solely as introducer to specialist pension transfer and administration companies. In accordance with the Financial Services and Markets Act 2000, Productive Pensions are not regulated by the Financial Conduct Authority to provide any financial or pension advice. If advice is required we recommend that you consult with a qualified and regulated independent financial adviser. The information published on this website is for information purposes only and we accept no liability for any errors or omissions therein or for any financial advice provided by, or obtained through a third party.