Unsecured Loans

Unsecured Loans Specialists in Bristol

What are unsecured loans?


An unsecured loan, also known as a personal loan, can be a helpful option for people who want to finance a big purchase, such as a car or a home extension.

In contrast to a secured loan, if you take out an unsecured loan the lender will have no claim on your financial assets if you don’t keep up repayments.


Key elements of an unsecured personal loan


• Unsecured loans are usually more widely available.

• The lender does not typically require security in the form of assets such as your home.

• Often unsecured loans allow flexibility with loan amounts and repayment terms.

• Applicants can be Homeowners, Tenants and those living with parents (Applicants must be over 18)

• Loan term can be between 1 and 15 years

• Loan amount: £1,000 - £25,000

• Applicants can be Employed / Self Employed / Retired with an income of at least £8,400 gross pa

• Applicants must have no active defaults, CCJ’s, DMP, IVA’s, Bankruptcies in last 12 months

Things to consider


• If you have a poor credit rating, it can be harder to get approval from a lender for an unsecured loan.

• Lenders may offer a smaller maximum loan amount than they would for a secured loan.

• Falling behind on payments could affect your credit rating and result in late payment charges.

• Unsecured loans often have higher APRs than secured loans, which means they could cost more overall.

• We have lenders who will allow customers to overpay or to settle in full with no early repayment charges, which will allow them to save on interest.

• Rates from: 5.2% APR.

Please call us today on 0117 325 1511, for a free consultation with one of our expert Mortgage Advisers to discuss all the options 
we can offer regarding Loans and Mortgages.


For information and advice on unsecured loans

Call Bristol Mortgages Online on 0117 325 1511

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