Compare Hitachi Loans
Looking to borrow between £2,500 and £15,000 and have a good credit history? If yes see our latest deal from Hitachi. Hitachi Personal Finance is part of the Hitachi Group and they pride themselves on their fast, simple online application process for borrowers.
Hitachi offer personal loans for a variety of reasons, including car finance, home improvement and leisure pursuits. These loans are unsecured, meaning they do not have to be tied in to a particular asset, such as your home.
Depending on your borrowing needs, it may be worth considering extending the overdraft on your current account, opening a new credit card or applying for a secured loan instead of taking out a personal loan.
If you think a personal loan is a good match for your requirements, however, then it is important to know exactly what is on offer.
Hitachi personal loans
A personal loan will usually be for a smaller amount and offered over a shorter period than for a secured loan. This does mean, however, that it tends to be quicker and simpler to access this kind of credit.
Advantages of Hitachi personal loans
- Borrow from £2,500 to £15,000
- Repay over 2-5 years
- Fixed monthly payments
- Apply online in minutes
- Funds can be in your account within 48 hours
Restrictions on Hitachi personal loans
- You must be at least 21 years old
- You must be a permanent UK resident
- You must be in permanent paid employment, self-employed or retired with a pension
- Failure to keep up with your repayments could affect your credit rating
- If you default on your debt, your possession could be repossessed to cover the outstanding balance
Borrow more with a secured loan
For loans between £25,000 and £250,000, Hitachi offer a second charge mortgage, also known as a “secured loan”. This allows you to take out an additional loan on a property you own, on top of an existing mortgage.
Hitachi offer second charge mortgages over 5-30 years and this kind of secured loan can often give better interest rates than you will get on a secured loan, although this can be influenced by a number of factors.
Because a second charge mortgage is secured against your property, if you fail to keep up with repayments, you may need to sell your home in order to repay the outstanding balance.
To find the best deals on secured loans from across the market, head over to our secured loan calculator.
Need to borrow more than £25k?
When taking out a loan for a larger amount, it is well worth spending some time comparing the different offers on the market. The exact deal you get can make a big difference to the amount you end up having to repay over the life of the loan. Finding the best deal can be hard though, when there are so many different brands and financial products to choose from.
If you need to borrow more than £25,000 to make improvements on a property you own, our specialist loan advisors can help. Call Fair Mortgages on 0117 403 4474 or use our contact form for a quick response.