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In what circumstances should I consider taking out a personal loan?: You can get a personal loan for any reason you want.
How long can I take the loan over?: How long you take the loan over depends on how much you need and how much you can afford to repay on a monthly basis.
What if I already have a mortgage or loan secured on my home?: It is possible (indeed common) to have more than one mortgage or loan on your property, as long as there is sufficient free equity in the property to secure the loan.
What if my loan application is not accepted?: Sometimes a lender may not wish to give you a loan. This may be for a number of reasons, however the lender is not obliged to tell you exactly why the loan been refused.
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.

What is not covered by personal loan protection insurance?

There are a number of situations that are normally exempt from personal loan protection.

Always check out exemptions on insurance policies within the terms and conditions of the specific policy before signing up, or when making a claim.

These exemptions are:

For unemployment cover:

• Your unemployment starts within 30 days* of you taking out the loan

• Voluntary unemployment

For accident and sickness cover:

• A disability or illness that you knew about in the 12 months* before your loan commenced

• A disability caused by the normal symptoms of pregnancy

• Self-inflicted injuries

For life cover:

If your death results from suicide within 12 months* of the start date of your loan

*All figures are industry averages and may vary from policy to policy.

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.

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This web site is owned by Andromeda Webs Ltd. Andromeda Webs Ltd, is an Appointed Representative of Web Publishing House Ltd. Web Publishing House Ltd is authorised and regulated by the Financial Services Authority for insurance mediation.