Personal Loans

Whether you are a homeowner or not, you will be able to apply for a personal loan. Personal Loans are designed for personal and not, for example, business use. A personal loan can be used for anything from a new car or a holiday to plastic surgery for yourself.

When you apply for a personal loan, many things will affect the rate you are offered. Owning your own home will mean you are able to get a lower rate as your home will be used as a guarantee on the repayments. You can still get a personal loan if you are a tenant, however your repayments will be higher.

If you have credit problems caused by CCJs, Defaults, Bankruptcy or anything else, a personal loan lender will be less willing to provide you with a loan and therefore the rate you are offered will be high.

Some Facts About Personal Loans:

You can use a personal loan for any purpose - for example, debt consolidation, home improvements, buying a car or going on holiday, whatever you wish.
Repayment period on a personal secured loan can be anything from 3 years to 25 years.
Protected payment plans for a personal loan can provide extra peace of mind.
mortgages and remortgages come with expenses such as: surveys, valuation, mortgage indemnity and solicitors fees. With a personal, homeowner loan you would have none of these.