I need a large loan (£30000) but don't want to borrow against my home.
My credit rating isn't too bad, but I'm being told that I have to take out a secured loan for this amount of money. Are there any providers that will lend this amount on an unsecured basis?
There are a wide range of unsecured loan providers on the market, each with different lending criteria and offering different interest rates. Unfortunately, all of the providers are unsecured personal loan products from £1,000 to £25,000 over a loan period ranging from one to five years. Also, expect rates for an unsecured loan to be higher than a secured loan. This is because unsecured loans are a riskier investment for providers as there is no security in place from which they can reclaim their funds if repayments are not met.
If you truly need £30,000 or do not have pristine credit your only option maybe a secured loan.
Good luck. | 11.11.10 @ 15:14
That the question | 03.21.17 @ 20:14