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| A Guide to UK Loans |
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Applying for an online loan in the UK is relatively simple
through most of the bank websites - a lot of these websites
don't offer real times quotes allowing comparing several
at once. You will be able to work out how much the repayments
are each month, APRs and total repayment sums instantly.
UK loans can be split into two main sorts: secured loans
and unsecured loans.
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Secured Loan
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Unsecured Loan
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| Requires collateral, usually your
home, which will be at risk if you fail to
make repayments. |
Requires that the credit rating
and financial position of the applicant is
such that no collateral is required. |
| Can often be used for any purpose. |
The lender might restrict the loan
to explicitly exclude certain purposes (e.g.
to start a business). |
| Loan amount could be limited by
the value of your collateral (e.g. the value
of your home will limit the amount of the loan
you can secure on it). |
Most lenders limit unsecured loans
to less than £15,000 or £25,000. |
| Is often cheaper than an unsecured
loan. |
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To get free, no obligation UK loans quotes, click
here.
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