UK Secured and Unsecured Personal Loans
Buying a house, flat or maisonette? Need a holiday? Need to decorate, install double glazing, install a new kitchen, need a new car? Planning a wedding or simply just need a loan to pay off an unexpected expense?. We present below a selection of the very best online finance providers in the UK. You can be sure that the companies featured are fully licensed by the UK financial regulatory bodies and that the rates offered cannot be beaten. You will also find an explanation of secured and unsecured loans and the good and bad points of each. Links to all of our lenders are at the bottom of this page.
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Personal loans in
the U.K. fall into 2 main categories, unsecured and secured.
Unsecured loans are available from a wide variety of sources,
such as Banks, Building Societies and Finance Companies. The majority of unsecured
borrowing is arranged by lenders who use a system of credit scoring
applications. A credit scoring system is a system by which points are given
for various factors such as your job, your age, time living at your present
address and sometimes information from your credit reference. The problem
with a credit scoring system is that many well paid, trustworthy consumers
who have never missed a payment in their lives often find themselves failing
the credit score and consequently being refused credit. If you have been in
your house or job for less than 6 months or don't have a land line telephone
number you are quite likely to be rejected out of hand. Incidentally, if you're
looking to finance a car purchase then you are advised to click
on the following link and take a look at our specialist
car loans web site.
The good news is that
most secured
loan applications are not subject to an automated credit scoring
procedure. You will find links to our providers below, but if you'd prefer
to talk through the various options then please feel free to
give our advisors a call on
0845 226 2196. The availability of secured lending means that each year
many thousands of people who have been declined by credit scoring systems
are able to successfully obtain a secured loan instead. Many successful
applicants are very often pleasantly surprised when they
discover that interest rates on their loan are lower than on the comparable
unsecured version. Other possible advantages are :
- They can be repaid over a longer time with lower monthly repayments
- As the loan is secured on your house, the lender may be prepared to advance you a larger amount than would otherwise be the case.
- An average homeowner has more chance of being accepted
- Secured loans are very popular with Self Employed applicants who often find that they are able to obtain one on competitive terms without the need or the expense of providing 3 years audited accounts.
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Unsecured Loans Best Buy Table
The table below shows the best buy unsecured loans from a huge selection of providers. It is updated automatically and is always completely up to date offering the lowest interest rates for unsecured personal loans.
And here's a complete list of our unsecured loan providers
Secured Loans Best Buy Table
Here's the same idea but this time we feature the cheapest providers of secured loans.
And here's a complete list of our secured loan providers
Email : admin@easy-uk-loans.co.uk
