86 - 90 Paul Street
London, EC2A 4NE
9:00 AM - 6:00 PM
Monday to Friday

Unsecured Loans up to £25,000

Our Calculator

Borrow Quantity:
£ 0
Loan Period:
1 Year(s)

Indicative Quote

Total Repayable
£0.00
Monthly Repayable
£0.00
Representative APR
15.8%

Representative APR 15.8% (Variable)

Representative example: If you borrow £7,500 over 3 years at a Representative APR of 15.8% and an annual rate of 15.8% (fixed) you would pay £259.11 per month. Total charge for credit will be £1,827.96. Total amount repayable is £9,327.96.

Working with over 12 lenders who are FCA Authorised

No Credit Footprint
One single application
No fees for applying

What is an Unsecured Loan?

An unsecured loan allows you to borrow between £50 and £25,000 without having to put down any of your assets like a home or car down as collateral. This means that your loan application is assessed on factors like your credit score and employment status, rather than the value of your car or home.

So if you are unable to keep up with your repayments, you do not risk any of your valuables being repossessed by the bank or lender but instead it may have an impact on your credit rating.

Unsecured loans are available to anyone and helps those to get the finance they need even if they are not homeowners.

Typically used for big purchases such as a home improvement, new car, wedding or holiday, they can also refer to borrowing a few hundred pounds until the end of the month.

Since lenders do not have to assess the value of your assets, you can potentially receive funds on the same day.

As flexible borrowing, applicants can choose exactly how much they wish to borrow and how long they wish to repay whether it is over a few weeks, months or up to 5 years. The cost of a loan is measured in APR which standard for the Annual Percentage Rate and is an easy way to compare unsecured loans and other financial products whether it is secured or not.

Unsecured Loan Lenders – What We Offer

We are a free comparison site to help consumers and householders find the best unsecured loans in the UK. We have partnered with some of the leading providers in the country so that people looking for a loan with security can find the best product for them. Rather than going to just one lender and being restricted to their rates and terms, we give our customers choice by working with lots of lenders that have been fully vetted and have a UK credit license and either interim permission or full authorisation from the Financial Conduct Authority.

The advantages of unsecured loans include:

  • You do not risk losing your home or car
  • Same day funding
  • Low rates for customers with good credit
  • Online application
  • No fees for applying

The lenders we work with offer:

  • Personal loans
  • Wedding loans
  • Short term loans
  • Home improvement loans
  • And more!
Unsecured Loans
Borrow up to £25,000 from an unsecured lender.

We are a free comparison site to help consumers and householders find the best unsecured loans in the UK. We have partnered with some of the leading providers in the country so that people looking for a loan with security can find the best product for them. Rather than going to just one lender and being restricted to their rates and terms, we give our customers choice by working with lots of lenders that have been fully vetted and have a UK credit license and either interim permission or full authorisation from the Financial Conduct Authority.

The Criteria For Applying

Whilst the criteria varies between lenders, the basics you need to be eligible to apply include:

  • UK Resident
  • Over 18 years of age
  • Have working debit account, email address & phone number
  • Employed earning atleast £500 per month and able to afford monthly repayments
  • No history of bankrupcy, CCJs or IVAs

As the loan is not secured, you do not need to be a homeowner or have a car or home to be eligible for a loan. However, because the lender has no real security in case you default on repayments, the rates charged by unsecured lenders tends to be more expensive than something secured. Other than higher rates, the lender has to go through a series of checks to ensure that you will repay your loan on time.

Unsecured Loans With Bad Credit

Usually it can be difficult getting an unsecured loan with bad credit because it you have had previous loans or credit cards that are not paid on time, the lender feels that you are a riskier person to lend to. Also, because the loan is unsecured, they will not be able to recover their debts by repossessing any assets such as a car or home. The ways the you can still receive an unsecured loan with poor credit is if the lender increases the rate you are charged to account for the extra risk involved and this is common for credit cards. Other options include limiting the amount you are allowed to borrow and perhaps applying for a guarantor loan where there is an extra person involved in the application who ‘guarantees’ your application. This is usually someone with a good credit history or a homeowner and they have the responsibility to repay your loan if you cannot – but at least it gives the lender more security.

Unsecured Loans With Good Credit

If you have a good credit history, not only will it improve your chances of being accepted but you may also be able to access better rates of interest and even a larger borrowing facility. However, it is not just a good credit score that you need but also it is important to have a regular employment and income so that you can make repayments on time each month.