What Is an Unsecured Loan?
If you’ve got unexpected bills or you’re a little short on your regular expenses, an unsecured cash loan can help you get by until payday comes around.
An unsecured personal loan is an amount of money lent without any asset put up as collateral. Whereas a secured loan uses a possession (such as a house or vehicle) as a safety net for the lender, an unsecured loan does not require this. Simply fill out our enquiry form and gain access to a panel of potential providers who may be able to assist you.
Unsecured Loan Repayments
It is important with all loans that you make sure you can afford the repayments before entering into any agreement. If you cannot, you should consider other options.
Speak to the provider that your are connected with about choosing a repayment schedule that is affordable and corresponds with your payday.
The Benefits of an Unsecured Loan
Typically, an unsecured loan is easier to get compared to a secured loan and can be applied for even if you do not have any collateral.
There are also circumstances where you may prefer an unsecured loan because there is no risk to any asset that is if the unexpected occurs and you end up in default. Unsecured loans are also often more flexible when it comes to repayment periods.
