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Whether you want to borrow some money to buy a car, redecorate your home, consolidate all those messy debts, or go on the dream holiday of a lifetime, at some time or another all of us start to look around for the ideal loan. But, with the UK loan market now at saturation point, with so many finance companies offering loans and free quotes on how much the loan will cost you, there is absolutely no obligation to borrow – and even where you do want to borrow, in most cases they'll notify you if the loan has been approved within 24 hours of you submitting the loan application form.

	Featured UK Loan
	BIG Loans, SMALL Rates from Direct Line Direct Line, one of the biggest UK brands, are offering a market-leading loan rate ( typical APR of 6.1% )

Also, with loan interest rates changing on an almost daily basis, make sure you make the best use of our loan search facility ..., you never know, the results may well surprise you!

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	Do you require the loan to be a single or a joint application? Single Joint How much do you want to borrow? £ Are you a home owner? No Yes Over what period would you like to borrow the loan? - Select - 6 months 12 months / 1 year 24 months / 2 years 36 months / 3 years 48 months / 4 years 60 months / 5 years 72 months / 6 years 84 months / 7 years 96 months / 8 years 108 months / 9 Years 120 months / 10 years 132 months / 11 years 144 months / 12 years 156 months / 13 years 168 months / 14 years 180 months / 15 years 192 months / 16 years 204 months / 17 years 216 months / 18 years 228 months / 19 years 240 months / 20 years 252 months / 21 years 264 months / 22 years 276 months / 23 years 288 months / 24 years 300 months / 25 years Please enter your date of birth  /   /  Do you have a history of bad credit? No Yes

Best Buy UK Loans See below for the latest deals from the UK's top loan providers. These loans are cheap! you will struggle to find a cheaper loan elsewhere. Click on the button to apply direct with the loan provider. Standard Loans Loan Typical APR Min Loan Max Loan Min Age Alliance & Leicester Personal Loan 6.9% £7500 £15000 18 Barclays Personal Loan 7.4% £5000 £25000 18 Bank of Scotland Personal Loan (Semi-exclusive) 7.8% £7000 £13000 18 Halifax Personal Loan (Semi-exclusive) 7.8% £7000 £13000 18 Impaired Credit - Car Finance Loan Typical APR Min Loan Max Loan Min Age Accept Car Credit 28.7% £3000 £15000 21

TYPES OF LOANS

Secured Loans : A secured loan is where the borrower agrees to provide the lender with security against the loan in case the borrower cannot repay the loan. In most cases secured loans applies to home owners, who agree to provide “security” (a mortgage) over their home in return for the loan being agreed. However, other forms of security can be provided, for example, with a car loan the security is the car. On the loan has been repaid in full (including the interest), the security will be released.

Since the risk to lenders is far less in the case of a secured loan than in the case of an unsecured loan, interest rates reflect this fact (i.e. are lower than in the case of an unsecured loan).

Secured loans, therefore, are a very attractive option available to homeowners who want to carry-out any home improvement, or who want to consolidation of some their existing unsecured debt as secured debt – thereby taking advantage of the lower rate of interest.

To help you do this, you can compare UK secured loan provides online right here and now to make sure the secured loan rates offered to you are the lowest you can possible get!

Unsecured Loans : As the name suggests, unsecured loans are where the lender agrees to lend money to you without taking any security over the debt, but rather your credit worthiness that you'll make the repayments as promised. So, in the event that you default (don't pay) on the loan, the lender has no recourse against you other than to sue you in the courts for the outstanding loan sum.

Unsecured loans are a good means of short-term borrowing for people who either don't have any security to provide to a lender, or who are not willing to take the risk of losing that security should they not be able to make the repayments as agreed.

On the flip-side, unsecured loans do have some serious limitations; namely, that the lender usually charges a higher rate of interest on an unsecured loan (to take into account the higher risk in lending the money), and that an unsecured loan can often be harder to get than a secured loan.

Banks variations of unsecured loans include: short-term loans, personal loans, student loans, auto loans (in some cases), and various other loans that come under the umbrella of unsecured loans.

You can compare and apply online for UK personal loans here!

Debt Consolidation Loans : One of the biggest growth industries in the loan market at the moment if the debt consolidation loan. A debt consolidation loan is where you use the principal proceeds of a loan to pay off other consumer debts incurred on such things as credit cards, store cards, and personal loans of another nature. In all cases, the outstanding loans being consolidated charge higher interest rates than is applied on the debt consolidation loan.

A variety of options are offered with debt consolidation loans: including applications for homeowners and those with cocas or bad credit.

Procedures when applying for a loan :

A loan secured on property in the O.K. is regulated when the loan is under £25,500. As such, they are subject to the laws of the Consumer Credit Act. In this regard, the following process will be administered:

- you will be called (at a convenient time) to discuss which is the best type of loan for you.

- once this is established and confirmed, advance documents are then issued to you that include an application form, a copy of the credit agreement and other sundry documents - depending on your case.

A few days later, taking into account the mandatory cooling-off period, signable documents are issued and sent to you. These usually include a legal charge (enabling the company to place a charge over the property) and the master credit agreement that the customer has to sign.

Once a signed loan application form is received by the company it is then able to order a Mortgage Reference (which is required in almost all cases) from the mortgage lender, and order a legal search on the property, etc.

Once the cooling-off period is finished, a valuation of the property (or other security) can then be arranged. Other documents required from the borrower usually include Buildings Insurance, Pay slips/Accounts/Self Declaration Form, Proof Of Residence if not on voters role, Mortgage Statement.

Once all the documents have been received, and provided the borrower still fulfils all of the required criteria, a deal will be submitted to the lender who, if they like everything, will issue a cheque in 1-2 days. The cheque will go directly to the borrower, made payable to the borrower.