East Grinstead, West Sussex United Kingdom (PressExposure) February 19, 2007 -- With the increase in the bank rate, the increase in the annual percentage rate of the loans is on the cards. Increase in APR means loans becoming dearer. In case of secured loans a small percentage increase in the rate of interest means a lot of money as secured loans are availed in case you need a large amount. As such availing low rate secured loans is the way to go to avail such loan.
On the recent development, Mr. Mark Spencer CEO of Get Secured Loans remarked "We know there is a fear amongst borrowers that there would be increase in APR of the loans we arrange. Though it is true, until the end of this quarter we would be asking our network of lenders to keep the APR same as before and hope that our lenders would be co-operating with us."
This statement from Mr. Spencer is of particular importance as Get Secured Loans has a number of banks, financial institutions and high street lenders in its network to provide the loan to borrowers. The statement though is a bit of annoying news for the lenders; this news will certainly bring cheers for those individuals who are thinking of taking a loan from this online agency.
Get Secured Loan is an online loan agency which arranges secured loans for individuals in the UK. It has arranges fast secured loans, low rate secured loans, bad credit secured loans, home secured loans, cheap secured loans, secured home loans etc. If you wish to know further information on various kinds of secured loans it offers, visit http://www.get-secured-loans.co.uk.