Hot Topics

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.
Why would my Loan application be turned down?: If a lender decides that you are a bad risk for a loan, they will reject your application.
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
I’m self-employed, am I still eligible?: Self-employed loans used to be difficult to find and expensive. But today, now that more and more people are working for themselves, self-employed loans are widely available and, as interest rates have fallen to their lowest in years, more affordable.
Will a debt consolidation loan solve all my problems?: A debt consolidation loan will solve your problems if you can meet the repayments. However you need to analyse how the money troubles began – and fix the root cause.

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.

To pay back the loan, you agree to make regular monthly repayments. Some of the money you repay will go towards servicing the loan and the rest of your payment will be used to pay off the interest and the outstanding debt. You will pay your loan off over a number of years, depending on what you can afford and how much you borrow. For example, a loan of £2,000 could easily be paid back in 1 year. However a larger sum like £50,000 would normally be taken out over 15 years or more.

Most people in the UK get a loan at some point in their lives. For example, a mortgage is a loan – a loan to buy a house. However personal loans differ in that they can be taken out for any reason, and are usually for vastly smaller sums, i.e. anything between £500 and £100,000. It is a big financial commitment and not one to be taken lightly, as you will be tied to the repayments for the term of the agreement.

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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