And while interest rates may be lower than those on credit cards, they can be higher than those on other types of unsecure loans – since you’re not putting up any form of collateral, lenders bear a bigger risk of non-repayment if you can’t keep up payments. If your circumstances change, you won’t be able to change the amount you’re repaying to suit your new budget, which could stretch your finances and make it much harder to get out of debt. ![]() There are, of course, some disadvantages to this. ![]() Most loans will furthermore offer a fixed APR and will set the repayments in advance, which means that you can be sure of how much you need to pay back each month, and plan accordingly. Unsecured loans also tend to come with lower interest rates than credit cards and allow you to borrow more than on cards. You can use a personal loan for any number of things – to help pay for a car or other large purchase, to consolidate debts, or for some necessary home renovations. This means that the monthly repayment and total amount repayable listed alongside any personal loan example should only be used as an indication of the minimum you will be asked to pay back. annual percentage rate) is the rate that at least 51% of borrowers will be charged the actual rate your lender offers you could be quite a bit higher, depending on your credit score. Once you’ve taken out such a loan, you will need to make a set repayment every month for a period of time that is previously agreed upon with your lender. Depending on the arrangement we may receive a modest commission either when you press an 'Apply Online' button, when you call an advertised number or when you complete an application following a link from our website.Ī personal loan, also known as an unsecured loan, allows you to borrow a certain amount of money in exchange for paying a certain amount of interest, which will be charged as long as it takes you to pay off the loan. We also use ‘Apply Online’ links where we have an arrangement with a preferred broker to move you directly to their site. ‘Apply Online’ links are where we have an arrangement with a provider so you can move directly from our site to theirs to view more information and apply for a product. Please check all rates and terms before borrowing. Fees and rates subject to change without notice. Depending on your personal circumstances the APR you are offered may be higher, or you may not be offered credit. The APR quoted is representative of the interest rate offered to most successful applicants. DisclaimerĪll loans are subject to the applicant’s status. None of these arrangements affects our independence. We will receive a payment from credit providers where customers link to them from .uk. Alternatively, apply online by clicking the .uk Limited is an independent credit broker not a lender. We also accept your application on the phone too without you being obliged to accept any secured loan offered to you.Ĭall us in our office on 08 or you can click below to apply online, or you are able to call us up from your mobile phone on the landline number 02 or request a call back by using the quick contact form on the right or directly below this block, still without being under any obligation to accept any offer presented to you. Use the quick application on this page to initiate contact. This is why we are able to lend on equity alone and to bad credi applicants.ĭecades of experience in the short term funding market and you can ring during normal business hours to field your call and answer any questions you We are a group of indpeendent lenders that offer both regulated and unregulated bridging finance with our own money. We are not offering you a broker service that pretends to get you, or tries to get you a bridging loan from Lloyd's. Alternatively, click the button for our full on enquiry form. Unless you have two hundred and fifty thousand pounds in cash or equity, you can't get a bridge from Lloyds.Ĭall on our local rate 08 from a land line or call 02 from your mobile or request a call back by using the quick contact form on the right hand side, or just below depending on whether you are browsing on a PC or mobile device. Technically they are being untrustworthy, but they are being a bit sly. It is merely some smoke and mirrors marketing to so they can get to give you a quote.įor example, they can simply say, 'you can't qualify for a loan from the Lloyds but we can offer X or Y. If you look closely, they do not offer any product from that specific bank, but bridging finance from independent or private investors and banks. ![]() No, technically they don't They have designed their web page so that when you search in Google for 'Lloyds bridging loan', they appear in the search results.
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