Personal Loans

Types of Personal Loans

• Secured Personal Loans - where the lender takes out a charge against your assets, most commonly your home


• Unsecured Personal Loans - where your home and assets are not put at risk in the event you do not make loan repayments on time


• Fixed Rate Personal Loans - incurring interest at a rate known from the outset of the agreement, and unaffected by changes in market interest rates


• Variable Rate Personal Loans - incurring interest at the lenders standard variable rate (SVR)


• Short Term Personal Loans - as short as 12 months


• Long Term Personal Loans - as long as 25 years

Special Types of Personal Loans

• Student Loans - designed to help students meet financial requirements when studying at college or university


• Bad Credit Loans - loans designed for people with bad credit history


• Payday Loans - very short term loans designed to help people with a regular income to meet short term financial demands, using their future income