Compare the Plans

Features Secta Flexiplan Secta Advance Plan
Loan amount £25,000 to £1m £10,000 to £1m
Interest rates from 4.1% 3.85%
Maximum loan to value 85% 100%
Repayment terms 5 to 30 years 5 to 35 years
Overpayments at any time? Yes We will discuss this with you
Early repayment (without penalty)? Yes We will discuss this with you
Flexible drawdown? Yes
Secta Flexiplan offers
complete flexibility 		No
The loan is advanced
upfront
Do I only pay interest on the amount I drawdown? Yes
You only pay interest on the amount you have drawn		 No
You pay interest on the full amount of the loan
Can I change my monthly repayments? Yes
Subject to a minimum amount		 Yes
Subject to a minimum amount
Secta Flexiplan Secta Advance Plan

Secta Finance Plans

This table helps you decide which plan may be best for you.

Secta Flexiplan: This facility acts a bit like a bank overdraft, it enables you to draw funds flexibly within the first 5 years. You only pay interest on the amount you actually drawdown. After the flexible 5 year period, the balance converts into a standard term loan.

Secta Advance Plan. With this product the full amount of the loan is advanced upfront and then you make fixed monthly repayments based on the term you choose.

Secta Flexiplan
Secta Advance Plan
Flexiplan
£25,000 to £1m
Advance Plan
£10,000 to £1m
Flexiplan
3.95%
Advance Plan
3.37%
Flexiplan
75%
Advance Plan
90%
Flexiplan
Yes
Advance Plan
Yes
Flexiplan
Yes
Advance Plan
Yes
Flexiplan
Yes
Advance Plan
Yes
Yes
Flexiplan offers
complete flexibility
No
The loan is advanced
up front
Yes
You only pay interest on the amount you have drawn
No
You pay interest on the full
amount of the loan
Yes
Subject to a minimum amount
Yes
Subject to a minimum amount
Secta Flexiplan
Secta Advance Plan