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Personal Loans

A personal loan will enable to you borrow a sum of money over a fixed period. It is usually the case that the more you borrow, the lower the interest rate. The maximum amount of money that a bank, building society or other organisation will lend is usually in the region of £15,000.

The actual amount of interest that you pay will vary considerably - most companies will quote a value known as the APR. The term APR is short for: Annual Percentage Rate. You will need to beware, as the APR does not necessarily provide an objective means to compare different loans, as lenders vary the method by which they calculate the APR.

There are two types of loan: secured and unsecured.

Secured loans are usually secured against your home. What this means is that, if you fail to make the repayments on your loan, then you will be liable to lose your home.

Unsecured loans are not secured against your home but you may find that lenders are not as willing to lend as much money. If you do default on an unsecured loan then you can expect to find yourself with a poor credit rating and will find it difficult to borrow money in future.

More about loans

Our main personal loans section offers information on other types of loans.

Student loan dept

Payday Advance Loan

Choosing the right loan
Consolidating Debts
Unsecured Loans
Loan Repayments

Discount Secured Loans from Home Equity Loans UK .

Check out more on loans at our personal loan comparison page and consider applying for a loan from First Plus Financial Group.

UK Loans

Payday Bank
Payday Express
Provident Financial
Purple Pay Day
V5 Loans
Yes Loans
Zopa