Central Trust Loans
  • Diverse loan options
  • Flexible repayment terms
  • Joint loan option
  • Additional borrowing
  • Option to pay extra to reduce interest
  • No charges for early repayments
  • High interest rates
  • Good credit required for low rates
  • Funding on the same day is not an option

Central Trust Bank (Central Trust) provides comprehensive and tailored loan solutions for individuals in the UK, leveraging over 35 years of experience. With flexible repayment terms and the ability to make additional payments without penalties, borrowers can efficiently manage and reduce their loan costs. 

By offering both secured and unsecured loans with fixed or variable interest rates, Central Trust provides versatile financial options that empower borrowers to achieve their financial goals.

Types of Personal Loans

  1. Homeowner Loans: Leveraging your home equity, you can secure a loan between £3,000 and £250,000 with flexible terms from 3 to 25 years. These loans offer a competitive interest rate based on your loan-to-value ratio.
  2. Second Charge Mortgages: A secondary mortgage for homeowners needing additional financing, even if they have an existing mortgage. Suitable for debt consolidation, large purchases, or home improvements.
  3. Debt Consolidation Loans: Combine multiple high-interest debts into one manageable monthly payment, often at a lower interest rate. Borrowers can streamline their finances and potentially reduce overall costs (Central Trust).
  4. Unsecured Loans: Fixed-rate personal loans that don't require collateral, typically ranging from £3,000 to £25,000. While riskier for the lender, these loans offer quick cash access.

Key features of Central Trust loans

Central Trust offers a range of lending products with flexible terms and competitive rates. Below is a detailed breakdown of the core features of their loans:

Borrowing LimitsBorrow between £3,000 and £250,000 for secured loans. The exact limit varies by loan type.
Representative APRThe typical APR is 13.4% APRC representative.
Loan TermsTerms range from 3 to 25 years based on the type of loan and amount borrowed.
Loan Rate TypeFixed or variable rates are offered, determined by the applicant's credit profile.
Personalized AssessmenCentral Trust evaluates each application individually, ensuring lending decisions account for unique financial situations.
Application ProcessQuick, online applications followed by advisor support help ensure smooth loan processing.

Differences Between First Charge and Second Charge Mortgages

A second charge mortgage is a loan secured against your home, taken in addition to your primary mortgage. Here’s what makes it different:

  • Definition: It's also known as a secured or homeowner loan, using the equity in your property as collateral.
  • Loan Amount: The amount depends on the equity available after subtracting the remaining balance on your primary mortgage from your property's total value.
  • Security: The home serves as collateral, meaning you can't obtain this loan without property ownership. Failing to repay could risk your property.
  • Two Loans: With a second charge mortgage, you're essentially adding another loan on top of your primary mortgage, securing both against your property.

Which Type of Second Charge Mortgage Rate Suits You: Fixed or Variable?

When selecting a second charge mortgage, you can choose between fixed and variable interest rates. Your choice directly impacts monthly payments and the total repayment amount.

  • Fixed Rate: Stable monthly payments throughout the loan term. This predictability helps with budgeting since you always know the exact payment amount.
  • Variable Rate: Payments can change based on the Bank of England's base rate. They may increase if interest rates rise, but can also decrease if rates drop.

Central Trust Loan Restrictions

Loans must be used for their intended purposes as stated in the application:

  • Homeowner Loans: Must not be used to fund speculative investments.
  • Second Charge Mortgages: Should not be applied for non-property-related spending.
  • Debt Consolidation Loans: Must consolidate existing debt.
  • Unsecured Loans: Cannot be used for unlawful activities or gambling.

Eligibility Criteria

  1. Must be a UK homeowner for homeowner loans.
  2. Minimum age of 21 for homeowner loans, 18 for unsecured loans.
  3. Joint applications required for jointly-owned property.
  4. Income, affordability, and credit history are assessed.

Application Process

  • Initial Inquiry: Complete a simple online form or speak to an advisor directly.
  • Application Submission: Provide personal, property, and financial information.
  • Advisor Call: A dedicated advisor will confirm details and discuss your loan structure.
  • Approval and Disbursement: After verification, the funds are transferred within 2-3 weeks.


Central Trust Bank is a trusted lender in the UK with a proven record of offering personalized loan products and services. Their extensive range of secured and unsecured loans cater to diverse financial needs while emphasizing flexibility and customer satisfaction. Potential borrowers should carefully evaluate their financial situation and consult Central Trust’s advisors for suitable loan recommendations.

This article is accurate as of May 2024. Visit the Central Trust website or speak to their customer support for the latest updates.

Frequently asked questions

What types of loans does Central Trust offer?

Central Trust provides a variety of loan products, including:

  • Homeowner Loans
  • Second Charge Mortgages
  • Debt Consolidation Loans
  • Unsecured Loans

Who is eligible for a Central Trust loan?

Eligibility varies by loan type:

  • Homeowner Loans: Applicants must own a home and be at least 21 years old.
  • Second Charge Mortgages: Homeownership is required.
  • Debt Consolidation Loans: Available for those looking to consolidate high-interest debt.
  • Unsecured Loans: Applicants must be at least 18 years old.

How much can I borrow from Central Trust?

The borrowing range is £3,000 to £250,000 for secured loans, depending on the loan type. Unsecured loans generally range from £3,000 to £25,000.

Can I pay off my loan early?

Yes, you can make additional payments or repay the loan early without incurring penalties, helping to reduce overall costs.

What is a second charge mortgage, and how does it work?

A second charge mortgage is a secondary loan secured against your property, taken in addition to your primary mortgage. It's suitable for homeowners needing extra funding and is repaid concurrently with your first mortgage.

Should I choose a fixed or variable interest rate?

It depends on your financial preferences:

  • Fixed Rate: Offers stable monthly payments, helping you budget effectively.
  • Variable Rate: Changes with the Bank of England’s base rate, potentially saving you money if rates drop but can increase if rates rise.

How long does it take to get approved for a loan?

The approval process generally takes about 2-3 weeks after the application submission, assuming all required documents are provided.

How can I apply for a loan with Central Trust?

Complete an initial online inquiry form or speak with an advisor directly. After submission, a dedicated advisor will contact you to confirm your information and guide you through the application process.

What is the typical APR for Central Trust loans?

The typical Annual Percentage Rate of Charge (APRC) is 13.4%, varying based on the applicant's credit profile and loan type.

What can Central Trust loans be used for?

Different loans have specific purposes:

  • Homeowner Loans: Should not fund speculative investments.
  • Second Charge Mortgages: Must relate to property spending.
  • Debt Consolidation Loans: Should consolidate existing debt.
  • Unsecured Loans: Cannot fund unlawful activities or gambling.