An unsecured loan is...
A personal loan can be known as an Unsecured loan.

Unlike a secured loan this type of loans allows the borrowing if money without giving any security against the loan. This means it is more difficult for a lender of an unsecured loan to repossess your home or any other asset if you don't keep up with your loan repayments.

The maximum amount you can borrow for an Unsecured loan is normally £25,000 and the interest rate is fixed for a specific period of time (i.e. the term of the loan) allowing you to budget. No change will occur in your payments irrespective of whatever happens to the interest rates.

 


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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 your mortgage. The advice and / or guidance contained within this site is subject to the UK regulatory regime and is therefore targeted at consumers based in the UK.
The FSA do not regulate Unsecured Loans
 
LANN Finance is a trading style of Amarjit Karwal which is an Appointed Representative of Intrinsic Mortgage Planning Ltd , which is authorised and regulated by the Financial Services Authority.

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