Personal Loans (Unsecured Loans)

Whether you are considering the purchase of a special gift, looking to pay for a holiday, carrying out home improvements or about to buy a new car; it is likely that you will need to borrow money in order to complete your transaction. When the loan is only for a short term, normally no more than five years, it will probably be established as a Personal Loan.

Personal Loans are normally provided by a bank, building society or specialist finance company. However it is common that when buying a large item, that retail shop will have arrangements with a finance company so that they can offer you credit facilities.

When considering Personal Loans the lending institutions will normally offer loans between the range of £1,000 to £25,000. Although many place a restriction on the maximum amount they are willing to loan at £15,000.

The high number of different loan types available on the market make it important for you to compare the terms, especially interest rates, under as many different loan products as possible. This is now made easy for you by clicking on the 'Personal Loan' button shown to the right.

The Financial Services Authority does not regulate finance.