Overview
of unsecured loans
Are Interest Rates
Higher?
You will pay higher
interest rates with these loans than you will with secured
loans. This again is due to the increased risk of the loan
company.
Are Unsecured Loan
Applications processed quicker ?
Loan application for
Unsecured Loans will be processed more quickly than for a
secured loan.
What are
Unsecured Loans?
Loans are available
from £500 to £25,000 and can be taken over 3 to 10 years.
All
applications are handled quickly and can often take only 3 -
4 days to completion.
Unsecured loans are only available to
clients with no adverse credit history or mortgage arrears.
Can I repay the loan
before the end of the contract?
You can make lump repayments or settle the loan completely
whenever you like.
What is a
credit reference search ?
A 'Credit Reference Search' is carried out by the Lender to
assess your credit worthiness by looking at a central
register of credit information.
It may sound sinister but is
actually a boring normal procedure performed by nearly all
Lenders.
Overview
of unsecured loans |
