Secta Finance Plans
Our finance plans offer parents the opportunity to spread the cost of school fees over many years, reducing the monthly and annual outlay. Our products fall into two categories: the Flexiplan and the Advance Plan.
| Features | Flexiplan | Advance Plan |
| How much can I borrow? | £25,000 to £1m | From £10,000 |
| Low interest rates | from 4.45% | from 3.37% |
| Fixed or variable rates available? | Yes | Yes |
| Spread the cost over many years (up to 30 years) | Yes | Yes |
| Increase payments at any time? | Yes | Yes |
| Repay early without penalties? | Yes | Yes |
| Can I decide how much of the loan I draw down? | Yes. Once a Flexiplan has been agreed you can draw down as much as you need when you need it. | No. With the Advance Plan you will receive the whole of the loan up front. |
| Do I only pay interest on the amount I draw down? | Yes. You have the comfort have having a facility available, but you only pay interest on the amount you drawdown. | As you receive the whole loan up front you will pay interest on the whole amount from the date you receive it. |
| Can I change the monthly repayments? | Yes , you can alter your monthly repayments to suit you. Subject to a minimum amount. | Yes , you can alter your monthly repayments to suit you. Subject to a minimum amount. |
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Explore Flexiplan | Explore Advance Plan |
How it works?
Unlock the potential of your home
Which of our finance plans is best for you? Here are the key features:
Flexiplan
Advance Plan
£25,000 to £1m
From £10,000
from 4.45%
from 3.37%
Yes
Yes
Yes
Yes
Yes. Once a Flexiplan has been agreed you can draw down as much as you need when you need it.
No. With the Advance Plan you will receive the whole of the loan up front.
Yes. You have the comfort have having a facility available, but you only pay interest on the amount you drawdown.
As you receive the whole loan up front you will pay interest on the whole amount from the date you receive it.
Yes , you can alter your monthly repayments to suit you. Subject to a minimum amount.
Yes , you can alter your monthly repayments to suit you. Subject to a minimum amount.