Personal Loan – unsecured Personal Loans are still the most popular types of loans.
They can be repaid over months or even years and used for any purpose.
Unsecured Personal Loan
Loan companies can offer an unsecured personal loan up to 25,000, subject to your personal circumstances and applicants must:
Representative 277.5% APR - Representative Example: Amount of credit: £750 for 12 months at £119.21 per month. Total repayment of £1430.52. Interest: £680.52. Interest rate: 140% pa (fixed). 277.5% APR Representative.
- be aged 21 years or over
- be a permanent UK resident
- be in permanent paid employment or self-employed
- earning a gross annual income greater than £15,000 per year
When you make an application for a loan it will be useful to have the following information to hand:
- Your annual income
- Monthly outgoings
- Employment details
- Last 5 years address history
Apply on line now and you’ll be given a determination in minutes
In the event you are approved, you will be emailed your credit agreement that you return to us and also can e-sign on line. The lender is then able to process your loan and get the funds to you quickly.
Not sure in the event that you will be eligible to get a Personal Loan? Check to see should you match the standards. You may also read about our Personal Loan procedures.
By applying for a personal loan, a “soft” credit search will be carried out. Subject to approval, you will be given a no obligation quotation.
Giving you this quotation is not going to affect your credit rating, but will leave a record of the search in your credit file that other lenders can see should you accept the quote.
If you decide not to go ahead with the on line loan offer, the soft credit search will not stay on your credit record.
A soft credit search only confirms that you are who you say you are for things like your full name, address, date of birth, etc. This is for your protection as well as the loan company’s protection too.
They are not interested in a missed payment you have recorded on your credit file dating 6 years ago, as does that really matter today? They are more interested in the fact you can afford the new loan repayments given your circumstances today, not the past.