Unsecured loans are normally used for smaller value purchases as appose to a secured loan. Normally products such as a car. Another reason for an unsecured loan is if you are not a homeowner. To gain a secured loan you have to have a property to secure the loan on.

These loans are acquired from a bank or another private lender. They are paid back in regular instalments until the loan is then paid off. However, as the loan isn’t secured on any personal assets these kinds of loans tend to be at a higher interest rate. This can cause the overall payments to be higher also. With an unsecured loan, they are more widely available and easier to obtain.

Personal loans are designed for individual needs, with various options to suit different purposes, such as buying a car, a house, or consolidating debts. We help you explore all available options and ensure you understand any fees upfront.

Loan payments are typically fixed, including interest rates, making it easier to budget. The amount you can borrow depends on the loan type and factors like security for the lender.

For more details, visit our pages on Secured, Unsecured, and Bridging Loans.

Consolidating debt may extend repayment terms and increase the total amount repaid.

A bridging loan is a short term loan. It is normally used to cover the gap between buying a new house whilst waiting for the current house to sell. It is a very short term loan offered at a low-interest rate. In some cases at less than 1%.

However, there can be large administration fees involved with proceeding with the loan. These can be arranged and sorted very quickly to ensure that the finance is in place so nothing falls through.