Unsecured Loans (Homeowners Only)
An unsecured loan is a loan which is not secured by collateral. An unsecured loan is a personal loan that you are able to use for any purpose you want. These range from £500 to £25000. This type of loan will allow you to borrow money without having to secure any assets against it. Even if you have adverse credit on your credit file, you may still qualify for an unsecured loan (subject to status). In layman's terms, an unsecured loan allows you to borrow money without having to provide security against it. The lender bases its decision on granting a loan on your personal credit history.
Be aware when you apply for an unsecured loan - you should compare the APR first. The reason for this is nowadays, lenders charge higher APR's on unsecured loans. If you cannot keep up the repayments on an unsecured loan, the lender can take you to court and will secure it against your property at a much higher APR. this can cause problems if you later want to sell your property or perhaps borrow a secured loan as this will need to be repaid.
For further advice, apply online or contact us on 08001696570 and one of our advisors will be able to help you. Our qualified and specialist advisors always endeavour to deliver word class service and provide TCF from the minute you contact us to the minute you receive your loan. Why not let us help you decide what is best for your future?
Our typical, variable rate is 14.9% APR. Rates range from 7.3% to 30.0% APR.
Think carefully before securing debts against your home. Your home may be repossessed if you do not keep up repayments on a mortgage or any other debt secured on it.