Unsecured Loans
What is an Unsecured Loan?
Unsecured loans are a type of loan which do not offer the lender any security over the property being purchased with the monies being loaned.
As there is no security for the lender, unsecured loan applicants are subjected to stringent credit checks as part of the application process, to enable the lender to assess the azplicant's credit worthiness.
Unsecured loans typically range in value from £500 to £25,000.
In the event of a borrower being unable to maintain the repayments to an unsecured loan, the lender has few courses of action open to him to assist in the recovery of outstanding balance of the loan.
For further information on Unsecured Loans please call an adviser on 0800 088 7502
