Check eligibility with multiple lenders in minutes – without affecting your credit score
- Loans from £1,000 to £50,000
- Good and bad credit history accepted
If you’re looking for a loan that’s not secured on any asset (like a car or a house) then an unsecured loan could be perfect for you.
A personal unsecured loan is a type of loan that does not require collateral. It is provided based on the borrower’s creditworthiness and ability to repay the loan. Unlike secured loans, such as a mortgage or car loan, where the borrower needs to pledge an asset as collateral, personal unsecured loans are granted solely based on the borrower’s credit history and income.
These loans typically have a fixed interest rate and a fixed repayment term. The borrower receives the loan amount in a lump sum and is required to make regular monthly payments until the loan is fully repaid. Understanding the terms and conditions of a personal unsecured loan is essential before applying for one.
Check eligibility with multiple lenders in minutes – without affecting your credit score
One of the key benefits of a personal unsecured loan is its flexibility of use. Unlike certain types of loans that are specific to a particular purpose, such as a home improvement, a special occasion, or a holiday, a personal unsecured loan can be used for a wide range of purposes. Borrowers have the freedom to use the funds as per their needs
This flexibility makes personal unsecured loans a popular choice among borrowers who value the freedom to use the funds as they see fit. It provides them with the financial flexibility to address their immediate needs without the restrictions imposed by other types of loans.
How do personal loans work?
- Pick and apply for your loan: Decide on how much you want to borrow and over what period.
- The lender will then run a credit check and decide whether to approve your application.
- Receive the money: Once approved, the money should hit your account within a few days.
- Pay it back over time: You’ll usually repay in monthly instalments across a period of between one and seven years.
Check eligibility with multiple lenders in minutes – without affecting your credit score
- Loans from £1,000 to £50,000
- Good and bad credit history accepted
Quickly & simply, we’ve made it as easy as possible for you to see the personal loans you are eligible for.
Simply select how much you’d like to borrow & enter a few details about yourself