Hot Topics

In what circumstances should I consider taking out a personal loan?
You can get a personal loan for any reason you want.
What if I want to pay my Loan off early ?
Before agreeing to your loan, read the terms and conditions of the agreement. Some loans allow you to pay your loan off early without any penalties, however, some don't.
What can I do if I think information held by a credit reference agency on me is incorrect?
If you have been turned down for a loan and you cannot see any reason why, then you can contact the credit reference agency to see your personal credit report.
What if I want to move house during the term of my loan?
Moving house is only an issue if you have a secured loan – as you have borrowed against the value of your house. How your loan company deals with this varies greatly. Some allow you to transfer your loan to your new property, using your
How much can I borrow with a debt consolidation loan?
The amount you can borrow on a debt consolidation loan is basically exactly the same as for a normal loan.

How much can I borrow?

How much you can borrow is dependent on a number of categories: your income, your assets and your credit history to name but a few.

Apply now

The basic rule with an unsecured loan is that you can borrow between £500 and £25,000. With a secured loan the average figure would be between £3,000 and £100,000. However, these are general figures and if you need more you will be able to negotiate if you have assets, i.e. property, to secure the loan.

The maximum value of your loan is often directly related to your property, and the maximum loan you will be allowed will be to 85% of the value of your property. This means that the more property you own, the more you can borrow, and those who have done well in the recent housing price boom will have the ability to borrow more against the house, and buy extra properties. If you have the assets, you will be able to borrow up to £1 million.

 

Risk Warning
Your home may be repossessed if you do not keep up repayments on a mortgage or any debt secured on it. Security by way of a charge on your home may be required.
Think carefully before securing other debts to your home.