Unsecured Loans - The Lender Takes All The Risk

It’s all in the name. An unsecured loan is simply a loan type that can be obtained without the need for an applicant to put anything down in the form of collateral – i.e. a house, or a car.

Unsecured loans are a popular option, and it isn’t hard to see why. The main lure is the fact that there is no risk to the borrower. You, the borrower, do not need to put any asset in place in the form of collateral. Ultimately reduces any risk should repayments become an issue. You should be aware, however, that due to the fact that there is little risk to the borrower, it ultimately means there is more risk to a lender – which is why you will find that interest rates are higher on unsecured loans than on other loan options.

In terms of unsecured loan advantages, there are plenty. We’ve already documented the fact that there is little risk to the borrower, but there is also the added bonus that unsecured loans are quick and easy to apply for. There is little paperwork with this finance option, meaning people that apply for an unsecured loan will have cash in their account extremely quickly after being approved. This is a godsend for people that have entered financial difficulty and need money quickly in order to avoid going into debt.

The availability of unsecured loans is also wide-ranging. So long as you are over the age of eighteen, pretty much anyone can apply for an unsecured loan.

In terms of obtaining finance, there is nothing better out there. It is an inclusive loan option that is easy to get, has minimal risk to the borrower and appeals to people from all walks of life.

There are two real downsides, one is that unsecured loan amounts tend to be smaller in value (£10,000 on this site). The second is the cost, it's more expensive to borrow without security. This is because the risk is higher for the lender. For people wanting to borrow a significant sum of money, the unsecured loan route isn’t for them.

The majority of our customers, however, are just like you. They want the ability to borrow small lumps of cash whenever they need to bolster their account. They also want to do this promptly and with very little fuss.

That’s precisely what we provide. Our unsecured loans service is popular with so many people because the whole process is pure, straight forward, transparent and, more importantly, is extremely easy to obtain the cash needed.

You really should look no further than us for all your unsecured loan needs – we’ve got everything covered.

We look at every individual case on merit, so it would be difficult to give a yes or no answer to this question. Lenders will ask a few details and base their decision on the outcomes of the responses that you give. We do not turn people aware that have bad credit, and there are many people that have been successful in loan applications, despite having bad credit.

We pride ourselves on delivering a speedy and swift service. It has been known for people to receive decisions instantly. The majority of people, however, will only be expected to wait around a couple of minutes before receiving their decision.

Because you've selected the unsecured option, there is no need for valuations or security to be handed over. Your money should be in your account within fifteen minutes’ or so. We not only strive to ensure all applicants receive a decision within minutes, we also aim to give applicants the cash they need within this tight timeframe. If you have been approved, and the cash hasn’t arrived in your account within the half hour mark, please do not hesitate to get in touch.