unsecured loan guide

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Unsecured Loans

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UNSECURED LOANS

Unsecured loans are available for everyone over 18 with a good credit rating , you do not unlike secured loans need to secure your loan against your property , reposession is therefore not an issue .

Typically , because they are of higher risk to the lender they will be slightly more expensive to pay off than secured loans

To compare loans like for like when getting a quote ask the lender for the APR and compare it with other lenders , this tells you how much it is going to cost to repay the loan .

Unsecured loans include personal loans , credit cards and bank account overdrafts .

Credit cards sometimes offer as much as 6-12 months interest free credit so can be the cheapest way of borrowing unsecured amounts , and agreed overdrafts can be low interest , but make sure you have agreed with your bank manager , as they have a habit of sticking on penalties for unauthorised overdrafts.

Where To Get An Unsecured Loan

You could use the search box at the top of this page to find a unsecured lender , simply describe what you need in the search box , example keyphrase might be "unsecured loan"

 


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