Compare Loans
Getting a loan today is easier than it has ever been. Many analysts believe this to be a problem with consumers having quick access to credit and on many occasions being unable to repay the debt. It should be remembered that the vast majority of consumers borrow money sensibly. More Info
There are two basic types of loan, secured and unsecured (personal), both have advantages and disadvantages so an applicants personal requirements should be considered before deciding which one to apply for.
A secured loan is often offered at a lower APR than an unsecured loan. The reason for this is the fact that the loan is secured against a property the applicant would own. Banks and lenders regard a secured loan to be less risk to them and in turn offer a lower interest rate. As the name suggests this type of loan is only offered to homeowners.
For people who do not wish to use their home as collateral or they may not own their own home an unsecured loan is the answer. Many companies offer personal loans often advertised at very low APRs. The catch with these types of offers is that the advertised APR is very often not the rate offered. The size of interest rate applied to a personal loan depends on the individuals circumstances which include salary and their employment details.
One thing that all loan companies use to evaluate a person credit worthiness is their credit history. Consumers with a good credit history where it is shown they regularly repay any previous loans, make regular payments on their credit cards and have no previous defaults will have no problems in applying succsesfully for a loan.
Submitting Details...
| Step 1 of 3 | About your loan | ||||||||||||
| |||||||||||||
| Step 2 of 3 | About your loan | |||||||||||||||||||||||||||||||||||||||||||
| ||||||||||||||||||||||||||||||||||||||||||||
| Step 2 of 3 | About your loan |
| Based on your information we recommend you speak to a personal debt adviser. They will offer you advice on:
| |
| Step 3 of 3 | Your details | ||||||||||||||||||||
| |||||||||||||||||||||
| Finished |
| Thank you for your enquiry. Your adviser will be in touch with you shortly. |
|
Latest Money Articles
Tenant loans: what to know
For those people who would like a loan but do not own their own property it can be quite a problem to find a lender willing to lend money to you. This can be made worse if you have poor credit history, or would like to borrow a large amount. High street lenders like their clients to be reliable and unlikely to cause them bad debts. Lenders prefer to have security for the money they are lending, preferably in the borrower’s own property, which they can lay claim to if repayments are not met. No property – what chance of .... Read More
August 15 ,2007
Career development loans
The primary purpose of a Career Development Loan is to fund and support vocational learning through courses which focus on training designed for a specific trade or profession. Such courses may be on either a full or part time basis and can be via direct or distance learning. There are two types of Career Development Loans: those which receive government support and those offered by regular personal loan companies. Government incentives can be used to contribute to a wide range of courses and the loans are taken on a deferred basis, which means that the loan does not have to .... Read More
August 10 ,2007
