Personal Loans

Looking for a personal loan in the UK can be very complicated. There are literally thousands of options available and it can often be overwhelming, if not almost impossible to understand what is the best option for you. Many people find the whole thing a stressful experience.

In reality when you get beyond the advertising hype, the choices you have are determined by your financial position, if you are a homeowner and by you personal circumstances. Being a homeowner will put you in a stronger position when looking for a personal loan, as you will have the option of a secured loan, using your home as collateral – this reduces the risk of non-payment for the lender, and results in a lower APR( Annual Percentage Rate ) for you the customer.

Personal Finance

By having a large asset to secure the loan amount against, you will be able to borrow large amounts for whatever reason you have, the amount is governed by the value of your equity (i.e. the value of your house minus outstanding mortgage), if you have a good credit rating some lenders will offer you up to 125% of the value of your equity, allowing you to raise a large amount of capital.

Of course, being a homeowner does not mean that you have to opt for a secured loan. If you do not wish to have the debt secured against your property, for whatever reason, then you can choose to take out an unsecured form of loan.

Having the choice is a real benefit, as you will be able to weigh up what each option has to offer, and decide on whether you want to go secured or not based on your circumstances.

If you are not a homeowner, you still have a wide variety of options available to you in the unsecured market. As the risk to the lender is higher for this type of loan is accepted to be higher, you have to expect a higher rate of interest, however the competition within this market is keeping the rates to low levels.

Best Personal Loans

Whatever your plans for the money, be it a new car, a house extension or a dream holiday there is a huge range of loans to choose from, sifting through these to find the best deal can be a time-consuming process – that’s where we come in. By completing our simple enquiry form you details we be put into the hands of one of our experts. They are specialists in matching your personal circumstances with the right loan product.

Finding a personal loan, whether it be secured or unsecured, needn't require hours of your time and a knowledge of the loan market - using our service is the easy and will result in you getting the money you need at a rate that will put a smile on your face.