No need to keep filling in loads of application forms Just by filling in one short 1 minute UK loans application form, we will find you the best loan to suit your circumstances. However, because the loan is unsecured, the interest rate charged can often be higher than for a secured loan. Some lenders will only offer unsecured loans to homeowners.
Their very nature, means that lenders tend only to lend unsecured tenant loans to people with excellent credit ratings, and a good repayment history. For this reason, they tend to be used for lower amounts, the maximum allowed being £25,000. Unsecured personal loans are different to secured loans in as much as they are not secured against property, hence 'unsecured'.
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