*Loan,banking and credit>>>secured loan

I have been offered a secured loan of 拢10,000 - brokerage fee 拢1000, arrangement fee 拢250 - is this bad?

I find it would cost 拢204 per month, APR variable 13% - so it looks like I could be charged 18.5% interest any time they say.
I remortgaged my house in November and my bank manager said if I applied for a personal loan this November, he would give me a loan for consolidation purposes - The question is, would I be better to be patient. Still trying to patch up a bad credit rating through illness etc. Any advice most welcome.So it would mean that with this offer the repayment would be 拢18,000!!

You really shouldn't take out a loan of that amount at 13% that could change to 18.5% at any time unless you are using the loan proceeds to either pay off debt that is at a higher interest rate or would be using the funds to purchase an asset that would generate enough money to pay off the loan...you'll end up getting screwed in the end.

Just my $0.02.

Seems like you've got yourself some money troubles. My advise - sell an organ on the black market.
how does 18.5% compare to the debt you're trying to pay off? if it's close or more, doesn't make sense to do it. You want to borrow 10,000, but you'll only receive 8750 after fees? sounds bad to me.
WAIT - be patient - that is a very high amount to pay. Bank Loan would work out cheaper.

Look at the fees - 拢1000 to the broker and then another 拢250 to arrange - the computer only takes a few mouse clicks - 拢250 for a few mouse clicks - NICE - wish I'd thought of that money making scam.
Borrowing money with a 12.5% upfront loan fee plus a high APR is not going to help you improve your credit rating. If there is any way you can avoid these loan terms I would.
Doesn't sound great to me either.
This sounds like a very expensive loan. I mean 12.5% in junk fees right off the top plus, 13% interest - you'd almost do better off with a credit card if you paid the loan off real fast. I would consider this a last resort. Still the bank loan would have some fees and if you absolutley have to have the money maybe you have little choice.

Why not go back to that bank manager, ask him what kind of a loan he is willing to give you in November and what the fees would be; and compare this to the current offer. Then see if he could speed it up a little bit (sometimes just asking is all it takes) and if not I'd suggest holding out until November. If he can't speed it up a bit you could also still go to another bank, maybe they'd still make you a better loan immediately.

Best luck.