Hot Topics

What exactly is a personal loan?: A personal loan is a sum of money which you borrow. This could be from a bank, building society or another financial institution.
What is a Holiday Loan?: A holiday loan is a loan designed to give you the means to pay for a holiday. This is commonly used for ‘holidays of a lifetime' like honeymoons, anniversaries and holidays to exotic locations.
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 does it mean if my payment protection insurance includes cash back?: Some lenders offer a cash back scheme on payment protection insurance – by refunding all or part of the insurance premium after a certain time has elapsed.
I am having trouble making repayments on my loans, should I get a debt consolidation loan?: If you have a number of debts and are having trouble managing them all, then a debt consolidation loan may be your only option.

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.

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.

Car Loans

Holiday Loans

Home Improvement Loan

Career Change Loan

Debt Consolidation Loan

Bridging Loans

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