Personal Loans from Libra Finance UK

 

There are many deals available on personal loans to UK residents, and you can choose from the two types of loan: unsecured personal loans and secured personal loans. There are advantages and disadvantages to both of these types of loan, and the one you apply for will depend on your personal preference and your current circumstances.

I'm a home owner / mortgage payer*

If you own your house or are the mortgage
payer, then you may be able to benefit from
low monthly repayments...

I'm a tenant or renter

If you don't own your own home or pay a
mortgage, then we can still help with a loan
of up to 15k.

 

With secured personal loans you can get a great deal on interest rates, you can borrow a far greater sum of money and you can repay over a much longer period. These loans are also great for those who have a less than perfect credit history as they are more likely to be approved for a secured personal loan because it minimises the risk to the lender. However, the interest rate on secured personal loans is generally variable (although it can be fixed for a number of years), which mean that if the UK interest rates go up your monthly repayment will rise. Of course, it also means that if the interest rates go down, your monthly payment will drop. Secured personal loans are secured on your property and failure to meet the monthly repayments could result in the forced sale of your property by the lender. These loans are therefore only available to homeowners.

 

The other type of UK personal loan is the unsecured one. These loans are available to those who don’t own their home as well as to homeowners and there is no form of security required, so you don’t have to risk losing your home. You can borrow money for almost any purpose and you can get some great rates of interest. Your interest rate will also be fixed, so whatever happens with UK interest rates your payment will remain the same, making it far easier to budget. Unsecured personal loans do charge a higher rate of interest than secured ones, and the choice of repayment period if shorter. This means that your monthly repayment can be much higher with an unsecured loan. If you have a poor credit history, you may not be able to get this type of loan because the lender will consider you too high a risk.

 

Both secured and unsecured personal loans come with optional insurance packages which are highly recommended to borrowers for their peace of mind. For a nominal monthly fee, you will be covered in the event of involuntary loss of work, or serious illness and injury that may prevent you from making money. In this event, the repayments will be covered and you will not have to risk your home or your credit rating.

Libra Finance UK

a range of loans for any purpose

fast decision from our courteous staff

available up to 2.5 million

Adverse Credit Loans Mortgages Bad Credit Loan Bridging Loan Can't Get a Loan Business Car Loan Career Development Loan Consolidation Finance Home Equity Loan Homeowner Low Cost Low Interest Online Personal Secured Small Business Student Tenant Unsecured Personal Injury


OUR TYPICAL, VARIABLE RATE IS 10.9% APR. RATES RANGE FROM 7.4% APR to 27.60% APR THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.