UK Loans - Secured Loans and Personal Loans
There are many different types and many different uses of loans, and different rates available, depending on your circumstances.
Use our comparison tables for the latest deals on Secured Loans and Personal Loans.
See how much you will pay each month with our repayment calculators for Secured Loans and Personal Loans.
Or use our loan search tool -
Types of Loans - There are 2 types of loan - Homeowner and Non-Homeowner. A homeowner loan is available to anyone who owns the property they live in and is likely to have a low rate as the loan is secured against the property. A non-homeowner loan is available to anyone and is more common with younger borrowers. However, the rate you are given will be high as there is no property to secure the loan against.
Credit Rating - Whatever type of loan you are taking out, your credit rating will affect the interest rate you are offered. As you probably know more and more people have adverse credit. Having adverse or bad credit can mean that the rate of interest offered to you on a loan may not be as good as it could be.
Repaying a Loan - When you take out a loan you repay the lender by paying a set amount each month. This amount will depend on your circumstances - i.e. whether you own your home and your credit rating. The total amount you pay back is larger than the sum you borrowed, because you pay interest to the lender. You can use our loan calculator to see how much you would be paying.
Borrowing money - Loans
If you need to borrow some money, say for a new car or a deposit on your first home, then a personal or secured loan is your answer. Loans are sums of money that you borrow up front and then pay back each month over a certain amount of time. The amount you pay back is larger than the amount you borrowed, as you pay interest on it.
