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Personal Loans - UK

Compare Today's Leading Personal Loan Providers. Northern Rock can help you with a low interest unsecured loan - and if you are a homeowner, check out Fone a Loan for great rates and services.

   

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If you want to borrow money but do not want to secure the loan against your other belongings, an unsecured personal loan is the way to go. Unsecured means you are not tied in by any guarantees, unlike a secured loan such as a mortgage, which is tied into your house.  Obviously, you are contractually obligated to repay the personal loan and if you miss payments you could get a big black mark against your name.

In general, you can borrow from £500 to £25,000, which you pay back on a monthly basis over a period of six months to 15 years. However, an unsecured loan means more risk for the lender and in turn, makes them more wary about how much they lend and who they lend it to.

The most common personal loans are fixed, which means repayments are set at a certain amount over a set period of time. Variable loans are also available, although this means that your interest rate is dependent on the bank base rate and could fluctuate.

  Fone a Loan works with a range of lenders to ensure 99% of all applications are successful, whatever your circumstances. Jargon free application process ensures enquiries are dealt with quickly and efficiently.
  • Homeowners Only
  • Loans between £3000-£1,000,000
  • Borrow over 3 to 25 years
  • Up to 125% of property value
  • Self employed welcome
  • No upfront costs
  • Bridging Loans
  • Discount Rates & Payment Holidays Available
  • Mortgage arrears, CCJ's & Defaults accepted

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THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT

There are a number of companies who offer competitive personal loans.  Use one of our free loan calculators to compare the different personal loan providers.


Just because a loan is not secured doesn’t mean you aren’t risking anything by taking one out. If you default on credit repayments of any kind, financial companies can take you to court to recover their money; in the worst case scenario this can lead to possessions, or even your home if the loan is big enough, being repossessed or sold to repay the debt.

The best way to avoid this is by being sensible about whether you can afford repayments and keeping in contact with loan companies should problems arise; many companies would rather resolve disputes without resorting to legal action.

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