Advanced Search


Below you will see information on Personal Loans.



Personal loans are offered by many banks in the UK and are not secured against a large asset like a house or car. That means the lender needs another form of guarantee that you will pay back the loan. Rather than ask for physical assets, they will thoroughly check your credit file and assess whether or not they think you are suitable for the loan. You might be approved for a personal loan even if your credit rating isn't perfect, but the interest rate may be higher as a result. You'll notice that many banks offer personal loans, but there are also independent lender that can provide them.

Because personal loans require a better credit rating than, say, a Payday loan, they generally have larger borrowing amounts. However, the amount you will be offered still depends on your personal circumstances. Typically, a personal loan will start from around 1,000 and go upwards until about 25,000. The lender might offer more (or less) than this. If you want to borrow more, you could consider a secured loan.

Personal loans carry with them the risks that you might not be able to repay them. That is why it is important to really consider carefully before applying for one. If you take a personal loan and find yourself barely managing to meet the regular repayments, you could end up in debt. In addition, your credit rating will be negatively affected and this could make it harder to get credit in the future.

Please Note: is not authorised to give advice under the Financial Services and Markets Act 2000.

All of the Links, textural data, and image data is provided for informational purposes only.

Click here to view our Disclaimer






News and ChartsNEWS / CHARTS

Forever monitoring your endowment policy ?
08 April 2017 - Which Way To Pay
If this is your case then why not sell your policy on to make yourself some cash , and get what its worth.
Dreamt of that perfect overseas property ?
04 April 2017 - Which Way To Pay
EU overseas property mortgages have taken a whole new turn
Payday Loans proving to be a hit with rental tenants.
30 August 2016 - Which Way To Pay
More and more people renting property are turning to payday loans to help out when struggling with outgoings.
Telephone Enquiries Helpline
+44 (0) 207 386 5300

Register for newsletter