Hot Topics

What is a Career change Loan?: If you are planning a change of career then it is likely you will experience either a big drop in or a total loss of regular earnings – and this is why people choose to take out career change loans.
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 happens if I am suddenly injured or taken ill?: To protect your loan repayments in case you are unable to work due to accident or illness, you will have to take out either personal loan or short-term income protection insurance.
How do I make repayments and can I choose my monthly repayment date?: Your repayments will normally be taken from your bank by direct debit on a monthly basis. This means that you must have enough cleared funds in your account on the due date, or the payment will fail and you will have missed a payment.
Do I have to pay any upfront fees?: You will not normally have to pay any upfront fees, this is because all the admin charges and other legal fees are incorporated into the APR. Any charges are therefore spread over the term of the loan, and not charged on an upfront basis.

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.