An unsecured loan, otherwise known as a personal loan, is a loan which is lent to a borrower without the individual having to put up a significant asset such as a property as collateral against the loan. Thus, despite the name, it is actually a safer loan for the borrower, although it is less easy to obtain and usually paid back over a shorter period than an unsecured loan. Generally the loan is approved on the basis of the borrower's credit rating.
APR is a good way of measuring the value for money of a loan as this will relates to the annual interest rate you will be paying; though be aware that you can get both fixed rates (where the interest rate doesn't change) and variable rates which are linked to the bank base rate.
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PROVIDER ![]() | APR ![]() | MINIMUM TERM | MAXIMUM TERM | MINIMUM ADVANCE ![]() | MAXIMUM ADVANCE ![]() | APPLY |
Individual Finance![]() | 23.1% | Apply online to view | Apply online to view | £500.00 | £20,000.00 | ![]() |
| Unsecured Loans between £500 & £20,000 for any purpose. Individual Finance specialise in sourcing unsecured loans for everyone - tenants and homeowners. Even if you've been refused preciously due to credit problems. FULL INFORMATION >> | ||||||
Euro Credit![]() | 18.46% | Apply online to view | Apply online to view | £250.00 | £25,000.00 | ![]() |
| UK licensed loans broker working alongside some of the most reputable lenders in order to find you a loan tailored to your individual needs. Eurocredit can help you even if you have a poor credit score, CCJs, Defaults, Arrears. FULL INFORMATION >> | ||||||
YES Loans![]() | 48% | Apply online to view | Apply online to view | £250.00 | £25,000.00 | ![]() |
| Yes Loans accepts well over 95% of individuals who apply for a loan - regardless of circumstances. Apply now for a fast decision. FULL INFORMATION >> | ||||||
Halifax![]() | 7.7% | One year | Seven years | £1,000.00 | £13,000.00 | ![]() |
| With Halifax, benefit from features such as no repayments for the first three months of your loan term, and the security of knowing that the monthy re-payment will never vary. FULL INFORMATION >> | ||||||
Bank of Scotland![]() | 7.7% | One Year | Seven Years | £1,000.00 | £13,000.00 | ![]() |
| Get a Bank of Scotland personal loan at a great rate. Apply online for an instant decision and you could have your cheque in just 24 hours. Plus you don't have to make any monthly loan repayments for the first three months. FULL INFORMATION >> | ||||||