Unsecured Personal Loans

Personal loan, or sometime more commonly known as unsecured loan, allows you to borrow money without having to provide security against it, such as your home or car. Instead, an unsecured (or personal) loans provider will based on their decision on granting you a personal loan by using your personal credit history. This is verified by a credit check to determine your credit rating.

You can get a personal loan from most high street banks and building societies; such as Halifax, Alliance & Leicester, Abbey National, Barclays or RBS. Due to it's unsecured nature, you will normally expect a much higher interest rate compared to homeowner loan. Furthermore for unsecured loan, for most loan providers, they only allows you to borrow between £1,000 to £25,000 over a maximum period of 7 years repayment. If you are homeowner, and are thinking to borrow a larger amount over a longer repayment period, a secured loan will be a much preferred option.

If you want an unsecured loan, we highly recommended easyMoneyLender.co.uk. They are one of the UK leading online unsecured loan specialist. Unlike many brokers, they will not charge you a fee for sourcing your personal loan and they can give you a decision within a few minutes of your application! They can also help you find a mortgage, bank account, credit card or help you to consolidate your debts.