Unsecured Loans from Libra Finance UK

 

There are some great deals available in the UK on unsecured loans these days, and you will find a wide choice of lenders offering a variety of interest rates. Many people in the UK choose this type of loan because there is no real risk involved – they are not in danger or losing their home or car because the loan is not secured on anything. Of course, this makes the loan riskier for the lender and therefore you’ll find that the monthly repayments are higher than on a secured loan, and the repayment period far shorter (generally between 1 – 5 years).

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.

 

Those who don’t own their own home or don’t wish to risk their home as collateral may find that an unsecured loan provides the perfect solution to their financial problems. You can get some very competitive interest rates, and the better the interest rate the lower the payment. And you can get extra peace of mind from the knowledge that UK unsecured loans have a fixed interest rate, so whatever happens with the Bank of England, you’ll maintain the same monthly payment throughout the duration of your loan period.

 

You will also find that the interest rate with each lender changes depending on how much money you borrow. Generally, the more you borrow the better the rate of interest will be. An unsecured loan does not allow you to borrow as much as a secured loan, but if you’re looking for figures between around £500 - £25,000 you should have no problem getting a great deal on these loans. The purpose of your loan can be just about anything, from consolidation of smaller debts to the holiday of a lifetime or a car.

 

When you apply for your loan a number of factors will be considered by the lender before the loan is approved. They will run a credit check to ensure that you have a good credit history. Those with a poor credit history will find it difficult to get unsecured loans because it will be classed as high risk to the lender, although there are some lenders who may consider it but might charge very high interest rates to counteract the risk. Other factors that are considered include your employment status, annual income, and other commitments or outgoings.

 

Although you will make a higher monthly repayment on these loans, you will not have to make the same risks associated with the secured version and you may be financially committed for a far shorter period depending on the term over which you have chosen to pay the loan. And you can also get some great deals on insurance, so that if you are unable to work for any reason (these will be specified in your policy) your repayments will be made for you and you will not even have to risk blemishing your credit history.

Libra Finance UK

a range of loans for any purpose

fast decision from our courteous staff

available up to 2.5 million

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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.