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Whether you want to borrow some money to buy a car, redecorate your home, consolidate all those messy debts, or go on the dream holiday of a lifetime, at some time or another all of us start to look around for the ideal loan. But, with the UK loan market now at saturation point, with so many finance companies offering loans and free quotes on how much the loan will cost you, there is absolutely no obligation to borrow – and even where you do want to borrow, in most cases they'll notify you if the loan has been approved within 24 hours of you submitting the loan application form.

Also, with loan interest rates changing on an almost daily basis, make sure you make the best use of our loan search facility ..., you never know, the results may well surprise you! Be sure to check out our Best buys table detailing the best loan rates in the UK!

	UK Loan finder With interest rates at an all time low it makes sense to look around! This simple form will show you what deals are available. Single or a joint application? Single Joint How much do you want to borrow? £ Are you a home owner? No Yes Length of the loan? - Select - 6 months 12 months / 1 year 24 months / 2 years 36 months / 3 years 48 months / 4 years 60 months / 5 years 72 months / 6 years 84 months / 7 years 96 months / 8 years 108 months / 9 Years 120 months / 10 years 132 months / 11 years 144 months / 12 years 156 months / 13 years 168 months / 14 years 180 months / 15 years 192 months / 16 years 204 months / 17 years 216 months / 18 years 228 months / 19 years 240 months / 20 years 252 months / 21 years 264 months / 22 years 276 months / 23 years 288 months / 24 years 300 months / 25 years Please enter your date of birth  /   /  Do you have a history of bad credit? No Yes

MONEY FACT! - Single men & women aged between 25 and 39 have average unsecured debts of nearly £13,000 ... consolidate your debts here


Personal unsecured Loans:
It is a loan given on faith of payment. Lenders consider unsecured loans risky and this results in their charging higher interest rates. The loan is legally binding, but is not backed by a secondary form of security. If the loan is defaulted upon, the lender has no other methods available for collections other than legal retribution. Unsecured loan is good for people without property to secure the loan, such as a tenant, a young adult without property or someone just trying to establish credit. But unsecured loans have some serious limitations. The lender usually charges a higher interest rate for an unsecured loan, because he assumes a higher amount of risk. An unsecured loan is often harder to get than a secured loan. Banks are offering a variety of options for this type of loan. Line of credit, signature loans, short-term loans, personal loans, student loans, auto loans and various others loans come under unsecured loans. Compare and apply online for UK personal loans

Secured Loans:
Secured Loans are for those homeowners in the UK who wish to get some of the best rates available by securing the loan with their property. Since the risk to lenders is far less in this case than an unsecured loan, these secured loans are often easier for homeowners to get especially if the homeowners credit is not otherwise perfect even if you have received ccj's (County Court Judgment). The rates reflect the fact that the risk is less to the lender. This option is very attractive to the homeowner in case of a home improvement or consolidation of some existing debt. Compare UK secured loans online here, secured loans tend to be cheaper than personal loans.

Debt Consolidation Loans: Debt consolidation loans can be used to pay off debts incurred on credit cards, personal loans or any other unpaid bill that are required to be consolidated with a new loan to cover all the existing debts. As these loans combine all the debts payments they often provide you with a lower monthly payment as well as better interest rates. A variety of options are offered with debt consolidation loans including applications for homeowners and those with ccj's or bad credit.

Procedures when applying for a loan:

A Loan secured on property in the U.K is regulated when under £25,500. As such they are subject to the laws of the consumer credit act. The following process will be administered:

• You will be called at a convenient time to discuss if one of the loans is the right way to go for you.
• Once this is established and confirmed, Advance Documents are issued to you that include an Application Form, a Copy of the Credit Agreement and sundry other documents dependent on your loan case.
• Few days later, taking into account the mandatory cooling period, signable documents are issued. These include the Legal Charge (enabling the company to place its charge on the property) and the master Credit Agreement that the customer has to sign.
• Once a signed application is received the company is able to order a Mortgage Reference (which is required in almost all cases) from the mortgage lender, order legal Search on the property etc.
• Once the cooling off period is over, valuation of the property can be arranged for (required in most cases). Other documents required from the customer usually include Buildings Insurance, Pay slips/Accounts/Self Declaration Form, Proof Of Residence if not on voters role, Mortgage Statement.
• Once all documents are received and provided the case still fits the criteria, the deal will be submitted to the lender who, if they like everything, will issue the cheque in 1-2 days. The cheque will go direct to the customer, made payable to the customer.
  

Secured Loan?	Personal loans?

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