unsecured loans

As opposed to a “Secured” loan an unsecured loan is one where you have no collateral in a property with which to offer security to a lender. You may be a tenant, or simply do not have enough collateral in your property yet.

The interest rates and terms are obviously going to be different if this is the case. You can borrow up to £25,000 on an unsecured loan, however this type of loan is typically below £7,500.

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