Frequently Asked Questions
Q. What is an Unsecured Loan?
A. An unsecured loan is a loan that has no collateral, which is secured against it.
Q. Can I get an Unsecured Loan with a Bad Credit History?
A. Absolutely, however, the amount you can borrow and rates you are offered may be affected by this.
Q. What are your typical interest Rates?
A. Interest rates vary between clients and are based on your individual credit status as well as the amount you wish to borrow.
Q. How much can I borrow?
A. Unsecured loans are generally offered from as little as £250 to £25000.
Q. What is the term of the Loan?
A. Typically, the term of an unsecured loan can be from 3 months to 25 years dependent on the amount you wish to borrow.
Q. What can the money be used for?
A. An unsecured loan does not normally have any restrictions placed on it. They are often used to clear or consolidate debt, home improvements, a new car or holiday.
Q. Can I pay off the loan early?
A. Yes, paying off an unsecured loan early is permitted, early repayment fees may apply.
Q. Can I get a loan if I am a Tenant?
A. Yes, unsecured loans are available to anyone even if they do not own a property.
Fees may apply. The overall cost for comparison is 21.5% APR typical.
