An introduction to Loans and Finance products. 

Unsecured loans

Unsecured Loans or an Unsecured Personal Loan, does not use your home or vehicle as collateral for the loan. An Unsecured Loans is best suited to people who do not own their own property, such as council or private tenants or people living with parents, although they are also available to homeowners.

Secured loans

A Secured Loan or a Homeowner Loan is tied to your property, this enables lenders to offer a higher loan amount often at lower interest rates. However, you will need to be sure that you can re-pay the loan as your property may be at risk if you cannot repay the amount you borrow.

A Secured Loan may be a good way of reducing your outgoings by consolidating more expensive borrowing, such as credit cards or store cards. You may also be able to raise more money than if you take out an Unsecured Loans.

Car Loans / log book loans

If you own a car you may be able to secure the loan against it. This can be a good way of raising money quickly, as many of the criteria for lending you money can be relaxed. If you need emergency funds, or want a short term loan, a CAR / Vehicle may be just what you need.

Remember: Your home may be repossessed if you do not keep up repayments on your mortgage / or other loan secured against it.