FAQ's
What is an unsecured personal loan in the UK or a UK Tenant Loan?
An unsecured personal loan UK or UK Tenant Loan is one where you don't have any security
or collateral to cover it if you fail to make the payments.
Do I have to own my own home to get an unsecured personal
loan in the UK?
No, you can be a homeowner, but they are generally for UK tenants or those renting their accommodation.
Will I get the lowest rate available on an
unsecured personal loan UK?
If your loan is an unsecured one, then the chances are that to cover the additional risk involved for the lender will be mean that the interest rate will be less competitive that a secured personal loan.
Will my unsecured personal loan application be quicker
than a secure personal loan one?
Generally speaking yes, as there are normally less formalities like checking the value of your home as part of the security, so applications for unsecured personal loans UK are normally processed quicker.
Will I get an instant decision for my unsecured personal
loan UK?
No! But decisions are normally made very quickly
Is there a way I can make my monthly payments
cheaper with an unsecured personal loan?
Yes, but this will probably mean repaying the loan over a longer period of time, meaning that your total repayments will be higher than if you paid the loan of over a shorter period of time.
So it does not matter if I don't pay back
my personal unsecured loan?
Definitely not, you will still be liable to make all the repayments. Failure to repay any loan (even a personally unsecured personal loan) will probably mean that your credit rating will be effected and could effect the chances of you borrowing money in the future.
Would that mean receiving a county court
judgement?
Possibly yes, if you default on your payments, you could have court proceedings taken out which may effect your future credit rating.
Do lender check up on individuals credit
scores?
Yes, all UK lenders will check your credit record, so a poor rating could affect your ability to get competitive rates on any more loans or financial products.
What are cheaper, secured personal loans or unsecured personal
loans?
Secured personal loans are always cheaper than unsecured personal loans, but that is because you will normally have to put your house up as security.
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We specialise in helping with
all unsecured personal loans
for tenants in the UK!
APPLY ONLINE NOW ! |
All you need to apply is:
1. Your residential address for the last 3 years
2. Your bank/building society details
3. Your monthly incomings & outgoings
4. Employers name & address |
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| THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT. |
*Delivery may take longer at the weekends / bank holidays or in rural areas. Loans must be arranged before 3.30pm for next day payment. If you choose the optional courier service then an additional £40 will be payable 1 month before your first monthly payment.
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