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Unsecured Loans

 		Unsecured Loans

Homeowner Loans

 		Homeowner Loans

Adverse Credit Loans

 		Adverse Credit Loans

Debt Consolidation

 		Debt Consolidation

Car Loans

 		Car Loans

Which Unsecured Personal Loan? - We Compare. You Choose

Compare over 300 UK personal loans - apply online for an instant decision.

Loans Search
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How much do you want to borrow?Over a period of?Do you have any CCJs or defaults? 
     

Example: £5000 loan repaid over 3 years

CompanyTypical APRMonthly RepaymentTotal RepaymentDebt ConsolidationOnline DecisionGo
Moneyback Bank Personal Loan8.4%£157.61£5673.82
AA Personal Loan (Internet) (Non-Members)8.5%£157.84£5682.16
Alliance & Leicester Personal Loan (Exclusive)8.8%£158.53£5707.21
Lombard Direct (internet)8.9%£158.77£5715.58
BOI Direct Personal Loan8.9%£158.77£5715.58
Bradford & Bingley Personal Loan9.9%£161.10£5799.65
IF Internet Loan (NO FEE)10.8%£163.22£5875.94
Furness Personal Loan10.9%£163.46£5884.45
Smile Personal Loan10.9%£163.46£5884.45
Nationwide Personal Loan10.9%£163.46£5884.45
Cumberland Personal Loan10.9%£163.46£5884.45
Ufirst Gold10.9%£163.46£5884.45
Halifax Internet Personal Loan (Semi-exclusive)11.8%£165.59£5961.40
BOS Personal Loan (Semi-exclusive)11.8%£165.59£5961.40

What are Unsecured Loans?

An unsecured loan does not require a property to be used as collateral against the loan. This loan is not secured against any of your assets, and is therefore considered a high risk by lending institutions. Lenders will need to see evidence of a sound credit history and sufficient earnings to repay the loan before they enter into an agreement.

What are the Benefits of Unsecured Loans?

Not everyone is a homeowner; therefore unsecured loans exist to give those who don’t own properties the chance to take out a loan. Without the endless security measures associated with arranging secured loans, taking out an unsecured loan can be a relatively simple process, with funds made available within 24 hours in some cases.

What else should I know about Unsecured Loans?


  • The terms of the loan will reflect the risk profile of unsecured loans, and characteristically will allow lesser amounts to be borrowed and a higher rate of interest. Interest rates on unsecured loans can be exorbitant in the extreme.
  • The size of an unsecured loan is generally smaller than that of a secured loan. As a result, the term of the loan will often be shorter, usually up to 5 or 10 years.
  • It may seem that an unsecured loan is less risky to the borrower as the loan is not secured against their house, but you should always ensure that payment deadlines are met. Secured or unsecured, court proceedings will still be brought against you if you fail to keep up with repayments.

For more information read our related guides
unsecured loans
do I need a loan

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