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Pegasus Personal Finance

Call0800 066 2882

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(8.9% APR illustration)

This does not constitute a quote, rates may vary depending on personal circumstances.

My architect has drawn up plans for a house extension over my existing garage – but the quotes I’ve been given mean that I’ll need a £34,000 loan in order to cover the costs. Despite my good credit score, the banks will only offer me a loan that’s almost £10k lower than what I need. I’m worried this could mean that I won’t be able to go ahead with my plans for the build. Do your finance deals extend to this price bracket? And how long would it take for me to pay off the total (I’d be looking to pay no more than £1.5k a month)?

Hi there Andrew! It’s great news that you’ve got in touch – it sounds like we have exactly what you’re looking for.

Extensions can be pretty pricey, and although the value that they add to a property makes them worthwhile, it can be hard to find the funding for the build. Securing a finance deal for the work makes a lot of sense – but with banks unable to lend you the cash, who should you turn to?

At Pegasus Personal Finance, we’re here to say yes when everyone else is saying no! Our home improvement loans range right up to £100,000 – meaning your £34,000 loan will be no problem at all. Fill in a quick online application form, and you’ll hear back within the hour to see if you’ve been approved!

So how much can you expect to pay? Well with your credit score, you could qualify for a representative APR of 13.9% – a very competitive interest rate indeed! So by crunching some numbers, we’re pleased to tell you that you could have repaid your loan in just 27 months – and that’s well under the monthly budget at just £1,477.59!

About The Expert

Pegasus Finance is a trading style of The Car Loan Warehouse Limited

The Car Loan Warehouse Limited is authorised and regulated by the Financial Conduct Authority. Our registered FRN is 662397. Registered Company No. 08127935. All finance is subject to status and income. Applicants must be 18 years or over, terms and conditions apply, guarantees and indemnities may be required. The Car Loan Warehouse Limited is a broker, not a lender and can introduce you to a number of finance providers based on your credit rating and we will receive a commission for such introductions. Written quotation on request. Certain exclusions for Northern Ireland residents. Borrowing £8,000 over 48 months with a representative APR of 14.9%, an annual interest rate of 7.7% and a deposit of £0.00. 48 payments of £218.49 per month. Total cost of credit being £2,487.57 and a total amount payable of £10,487.57. Terms available 12-120 months, 5.9%-49%APR. Pegasus Finance do not provide financial advice.

We can introduce you to a limited number of lenders that offer finance products, but we do not offer any advice or recommendations. We do not charge you a fee for our services, but we receive commission from the lenders we introduce you to. The commission we receive is either a fixed fee or a percentage of the amount you borrow but the existence of commission does not affect the amount you will pay under the agreement. The commission we receive varies depending on how you are introduced to us, which lender we place you with, and which finance product you choose. We will pass a proportion of the commission we receive to the motor retailer that introduced you to us. The commission we receive and pay will not affect the amount of interest you pay under your credit agreement, when compared to customers in circumstances similar to you. We will always introduce you to the lender that provides products for your needs, at the interest rate suitable for your credit profile. If you ask us, we will tell you the amount of commission we are paid for introducing you to the finance lender.

Pegasus Finance, Technology House, Station Road, Alton, GU34 2PZ