Unsecured personal loans

One of the largest online brokers in the UK searced for secured personal loans UK. Simple, quick and secure - the application for is processed in seconds and matched against our database of personal loans providers in the UK. We offer both secured personal loans and unsecured persona loans to UK residents only.

If you are not resident in the UK, we are unable to help. However, if you live in the UK permenantly we can help you find your next loan deal.

For an personal loan lender, there is little security for the amount they offer if the person has very bad credit. To ensure the lender does not loose out too much in the even the person with very bad credit defaults, they charge higher interest rates. This provides more profit for the lender in the short term, versus the risk that the customer will default and the lender looses all the money. Therefore, the interest rates for unsecured bad credit loans are much higher.

The lender has no claim on any of your assets if you take out a personal loan, unlike secured loans where lender holds the deeds to your home. However, if you are a homeowner and there is still the possibility that the lender could claim against your property. This is why people with very bad credit ae typically asked to use their homes as collateral - reducing the interest rate they pay and making the lender feel more comforable with lending the money.