UNSECURED PERSONAL LOANS
Loans2you arrange unsecured loans for tenants, home owners, customers living with parents, lodgers, self employed customers and HM Forces personnel. You do not have to have perfect credit to obtain an unsecured loan approval, we can arrange unsecured loans for customers with previous bad credit, CCJ’s, defaults, arrears etc.
If you are looking to establish a credit rating having perhaps not had any previous credit, or to re-establish your credit following some past difficulties, a small unsecured loan is a good place to start or restart your credit. You can also apply if you are unemployed or in receipt of other benefits including incapacity benefit, disability living and carers allowance, income support etc..
One of the advantages of an unsecured personal loan is that they can be arranged very quickly with an approval in principal agreed with a loans advisor over the phone, really convenient if you are needing the money quickly for any reason, perhaps to pay an unexpected bill, car or home repairs or maybe you spotted a must have bargain and don’t want to lose it. Another advantage is that most unsecured loans are generally only over 2- 5 years maximum, so repayable quickly and with less interest to pay.
Unsecured personal loans are normally taken for smaller amounts than for homeowner secured loans. A typical unsecured loan amount we would arrange is for between £3000- £10,000 although it is possible to borrow as much as £25,000 unsecured if you have a good credit rating. You would also need to be a home owner to get £25,000 unsecured. Homeowners looking to borrow more than £10.000 should really look at the secured loan options we offer particularly for those with previous adverse credit.
Unlike hire purchase (Finance) an unsecured personal loan gives you the flexibility to be able to buy for cash. E.G; Say you were looking to change your car or motorbike, with finance you would have to buy from a car dealership because the finance documents have to be signed on the dealer’s premises. If you had previously arranged an unsecured loan, you could look to buy privately, Online at E-Bay etc, or maybe negotiate a lower price from a garage. With the loan option you could also include a sat nav, insurance, motorcycle training or any other extras you may need.
The Loans2you Online application takes about 2 minutes to complete and once received then matches your details with our panel of 8 unsecured personal loan providers. When doing this a credit search is made, just the one is necessary to determine which company would be most likely to approve your application. If you were to do this yourself it would mean 8 separate and time consuming applications and 8 separate credit searches! Multiple credit searches are considered detrimental to your overall credit rating by loans and finance companies, the more you accumulate the less likely you are to get a loan approval.
Our service is free, there are NO broker or arrangement fees and we have access to the lowest unsecured rates around based on your credit rating. Whether you are a home owner, tenant, live with parents, in lodgings, self employed or are in the armed forces. As well as big name funders we also use a number of smaller specialist loan companies that do not accept applications direct from private customers, which means your unsecured loan is more likely to get approved.
