What is the process?

Equifinance realise that a secured loan is an important decision which is why you can apply without obligation and without any application fees. By law you must be given time to consider before you sign a loan agreement.

If you would like to apply for a loan with Equifinance you should contact your finance broker or advisor who will complete an application with you.

What happens next

Your broker will go through some basic application details and with your permission will run a credit reference enquiry and check the value of your home. They will then be able to give you a quotation and details of the loan terms we can make available subject to any further requirements or references.

Your Equifinance application

If you are happy with your quotation your broker will send you an application pack which includes everything needed to progress your loan; an application form filled out with the details you provided ready for your signature(s), this includes your signed authority for any references that may be required and also an Advance Copy of your loan agreement which is for you to consider (not to be signed or returned). When you receive the Advance Copy this is known as the Consideration Period.

The Consideration Period

Eight days into the consideration period your broker will send you the signable credit agreement and security documents which need to be signed by you and returned with your I.D and any other documents requested. If there is anything you are unsure about you can call and speak to your broker at any time.

Completion of your loan

When all of your signed documents have been received by us we will contact you to run through the loan details and the payment date for a direct debit. We also want to make sure you have been happy with the process and answer any final questions you have. We will then send you a cheque or transfer money into your bank account for the loan amount you have borrowed.