Secured loans from Tandem Bank
Flexible funds from the UK's greener online bank - helping your pockets and the planet, together.
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Spotlight on Tandem Bank
It's not easy being green, but for Tandem Bank, it's a guiding principle. As well as offering a range of borrowing and money management products, they help customers to reduce their impact on the environment through green lending initiatives - in particular, supporting more sustainable home improvements.
Secure lending the ethical way
Tandem's homeowner loan is secured against your property, so it offers lower interest rates and longer repayment periods. They also issue a discount for low EPC-rated homes:
- Loan amounts: £10k-£250k
- Term options: 36-360 months
- EPC discount: Optional discount (up to 0.3% if your home has an EPC A or B rating)
- Interest rate: Tandem quote a base rate on second charge mortgages (home loans) of 4.5%
Home improvements for greener living
As well as the typical loan uses, Tandem underlines the benefits of a home improvements loan to boost your living space for sustainable living. Here's how they could help:
- Energy savings: Potentially lower your utility bills while enhancing comfort
- Green planning: Get personalised pointers for greener living through the Tandem app and hub
- Reduced footprint: Lower your energy consumption with solar panels, heat pumps, energy-efficient boilers, and more
- Healthier planet: Join a community of £523+ million in green home improvements loans to date
Summing up
Tandem Bank promotes a more ethical way to borrow for major expenses, by starting with a lender that champions the environment. With borrowing from £10k to £250k, over 3–30 years, and reduced rates for lower-energy homes, it's ideal if you're want to secure against your property - and go a little greener.
Frequently Asked Questions: Secured Loans
Can I use a Tandem Bank home loan to consolidate debt?
Yes - combining existing debts into one secured loan could lower your monthly payments, especially if you're paying off higher-interest credit. Just be aware that spreading repayments over a longer period might increase the total amount you have to repay.
Can I use a Tandem Bank home loan to consolidate debt?
Yes - combining existing debts into one secured loan could lower your monthly payments, especially if you're paying off higher-interest credit. Just be aware that spreading repayments over a longer period might increase the total amount you have to repay.
Can I use a Tandem Bank home loan to consolidate debt?
Yes - combining existing debts into one secured loan could lower your monthly payments, especially if you're paying off higher-interest credit. Just be aware that spreading repayments over a longer period might increase the total amount you have to repay.
What happens if I can't make repayments?
Since the loan is secured against your property, missed payments could put your home at risk of being repossessed. It's important to borrow responsibly and seek advice if you're unsure.
What happens if I can't make repayments?
Since the loan is secured against your property, missed payments could put your home at risk of being repossessed. It's important to borrow responsibly and seek advice if you're unsure.
What happens if I can't make repayments?
Since the loan is secured against your property, missed payments could put your home at risk of being repossessed. It's important to borrow responsibly and seek advice if you're unsure.
How does Tandem Bank work out the interest rate for my loan?
Your rate is based on your personal financial profile - including credit history, income, and affordability - and is tailored to your situation. Tandem advertises a base rate of 4.5% as of September 2024.
How does Tandem Bank work out the interest rate for my loan?
Your rate is based on your personal financial profile - including credit history, income, and affordability - and is tailored to your situation. Tandem advertises a base rate of 4.5% as of September 2024.
How does Tandem Bank work out the interest rate for my loan?
Your rate is based on your personal financial profile - including credit history, income, and affordability - and is tailored to your situation. Tandem advertises a base rate of 4.5% as of September 2024.
Will applying for a loan with Tandem Bank affect my credit score?
Tandem starts with a soft credit check, which doesn't impact your score. If you accept a loan offer, a full (hard) credit check is carried out and will appear on your credit file.
Will applying for a loan with Tandem Bank affect my credit score?
Tandem starts with a soft credit check, which doesn't impact your score. If you accept a loan offer, a full (hard) credit check is carried out and will appear on your credit file.
Will applying for a loan with Tandem Bank affect my credit score?
Tandem starts with a soft credit check, which doesn't impact your score. If you accept a loan offer, a full (hard) credit check is carried out and will appear on your credit file.
Who can take out a Tandem Bank secured loan?
To be eligible, you need to be a UK resident aged 21 or over and own your home. Other terms and criteria apply - be sure to review Tandem's full requirements online.
Who can take out a Tandem Bank secured loan?
To be eligible, you need to be a UK resident aged 21 or over and own your home. Other terms and criteria apply - be sure to review Tandem's full requirements online.
Who can take out a Tandem Bank secured loan?
To be eligible, you need to be a UK resident aged 21 or over and own your home. Other terms and criteria apply - be sure to review Tandem's full requirements online.
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