Personal Secured Loan

Personal loans are repayable on a monthly basis. If there is a degree of flexibility then the lender may permit over-payments and lump-sum payments, both of which allow you to clear the debt over a shorter time period than first agreed. If your loan is a truly flexible product then you may also be able to withdraw funds from the account on a rolling basis, providing you stay within your credit limit.

Lenders also offer repayment holidays or payment breaks, allowing you to take a break from your monthly repayments either at the start of the loan (known as 'deferred repayment') or at an agreed point during the term. Interest will continue to accrue on the outstanding balance and this may result in increased monthly payments so your debt is still repaid over the term agreed at the outset.

How do I apply?
This site provides you with the facility to apply online for your personal loan. You'll notice that many of the most competitive products in the market place today (including those on our Best Buy tables) are available to you through our online application process. Providing the product has an apply icon you can submit your application via this website.

This will ultimately save you time as it means you won't need to contact the personal loan companies direct. We also hold details of loans designed specifically for applicants with a poor credit history or those who have difficult personal circumstances - whatever your circumstances we can help you to find the right product.

What happens next?
Your application will be processed quickly and a decision communicated to you within a few days. Lenders use credit reference agencies to obtain information about you as they provide a detailed analysis of your financial position, in particular whether you have any bad credit such as County Court Judgements, defaults or arrears, details of any existing credit agreements or searches made by finance companies plus information relating to the electoral roll.

If you are refused a personal loan or wish to make enquiries concerning your own credit file you can apply to the credit reference agencies for a copy of your record.