Money borrowed with an unsecured personal loan can be used for almost any purpose from buying a new car, taking a holiday, financing a wedding or even consolidating other debts such as credit cards and payday loans.
Unsecured personal loans are often for smaller amounts between £500 up to around £15,000, because this type of personal loan is unsecured some people may find it more difficult getting approved, although we do give you access to a number of unsecured loan lenders who are able to help with people with a poor credit rating, so even if you have been declined for a loan in the past we may still be able to help you arrange finance.
Simple complete our simple enquiry form to begin your loan application, all loan applications are free and you will be under no obligation to proceed with any loan offer you may receive.
An unsecured loans does have a number of advantages as a choice of finance, the first is the speed of approval and the fewer administrative formalities needed for an unsecured loan. Another advantage is that they are not secured, this means your property is not at risk, although it is important to note missed payments will have an adverse effect on your credit rating and may limit future access to credit or increase the cost of future finance.
Often a personal unsecured loan will require a higher credit score and may be more difficult to get approved especially if you are a tenant or have a poor credit rating.
A major positive for secured loans is the ability to borrow larger amounts, secured loans allow you up to £100,000 while the maximum personal loan we offer is £15,000
Popular uses for an unsecured loan include financing the purchase of a vehicle, financing home improvements, going on holiday and debt consolidation.
Car Finance LoansA popular personal loan purpose is the purchase of a new car, with plans up to £15,000, arranging the finance for your car before you go shopping allows you to select where you buy the car from, whether you purchase from the trade or a private seller.
Home Improvement LoansUnsecured personal loans are often used to finance home renovation projects, as this product provides fast access to funds that will be used to carry out smaller home improvement projects up to £15,000, for larger projects you may consider a secured home owner loan.
Wedding LoansA modern wedding can cost thousands of pounds, although it is always preferable to start you married life debt free, you may consider taking out a personal loan to spread the payments of your wedding over a longer period of time.
Debt Consolidation LoansIf you have debts to repay, it may be useful to consolidate through a personal loan. Interest rates may be lower than those charged by credit card, this solution can help you manage your monthly payments, simplifying your outgoings.
Improve your credit rating with an unsecured loanMany people get an unsecured loan that may help you rebuild their credit rating. For example, suppose you have trouble repaying some debts accounts for high rate and that it undermines your credit rating. The consolidation of your existing debts with an unsecured loan at lower your monthly repayments, making it more manageable, helping you rebuild your credit rating.
You may not be aware that you can use an unsecured loan from a bad credit score in order to improve your credit. We also have a selection of lender who may able to offer a loan even if you have a bad credit rating or been declined finance previously.