Without onerous requirements for arranging security an unsecured loan is relatively quick to arrange and money can be made available often within 24 or 48 hours of being accepted by the lender. The terms of the loan will reflect the risk profile of unsecured loans however and characteristically will allow lesser amounts to be borrowed and a higher rate of interest. An unsecured loan will usually have a fixed term and a fixed interest rate and is generally repaid monthly.  

An unsecured loan is suitable for those looking to borrow up to around £15,000 and who have a good credit history and obvious ability to make repayments. As the size of the loan is generally smaller than that of a secured loan the term of the loan will often be shorter, usually up to 5 or 10 years.

Talk to us
To speak to one of our consultants you can either call us on 01793 750101 or submit an enquiry form and we will contact you shortly.

Your home may be reposessed if you do not keep up repayments on a mortgage or any other debt secured on it.

Both secured and unsecured loans are not regulated by the FSA.