There are a many different types of loans which you can choose from and they all meet specific lending needs. Choose from unsecured personal loans, secured loans and payday loans.
Let’s look at the different types of personal loans in more detail;
A personal loan can be unsecured or secured. Unsecured personal loans don’t require any assets, like your home or a car, as security. The maximum you can borrow is 25,000 GBP.
A secured loan requires the consumer to place assets either a car or house as security against default on the loan. Secured loans are also known as a homeowner loans as well. The maximum you can borrow is 150,000 GBP.
Payday loans are similar to unsecured personal loans were you don’t have to put down any assets like your home or a car, as security. The maximum you can borrow is 1,000 GBP.
Compare APR’s from leading loan lenders with our loans comparison table.
