
Both an Unsecured Loan and a Personal Loan are the same product, as they are both ‘personal’ to you and unsecured, meaning that it allows you to borrow money without having to provide security against it, such as your home or car.
Your unsecured loan provider will base their decision on your personal credit history. This is verified by a credit check to determine your credit rating.
Personal loans are available for a range of different amounts and repayment terms. Depending on the amount and purpose of the loan, you will be able to choose from a range of repayment periods.
If you have a bad credit history, are self-employed or if you have changed addresses frequently then it might be difficult to get accepted for an unsecured loan.
If you need a loan over £25,000 and you are a homeowner, then you should consider a secured loan.
We will do our best to help you, no matter what your circumstances. We search the market to find you the best unsecured loan rates. Please contact one of our professional advisors on 0808 131 0036 for expert advice.
LoanApplication.co.uk is a trading name of Ask Finance Ltd, which is registered in England and Wales (company number 4229724), Jackson House, Sibson Rd, Sale, Manchester, M33 7RR. Ask Finance is licensed under the 1974 consumer credit act to carry on the business of consumer credit, consumer brokerage, debt adjusting and debt counselling. Consumer Credit License No: 507130. Ask Finance is authorised and regulated by the Financial Services Authority (FSA) - FSA No: 300490 - for the provision of mortgage advice and arranging insurance.