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Any purpose loans

Personal loans of up to £25,000 for any purpose

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Personal Loans

  • Loans up to £25,000
  • Tenants & Homeowners
  • Use for any purpose
  • Less than perfect credit
  • Free enquiry service

Loans for Any Purpose

The beauty of an unsecured personal loan is that it can be used for just about any reason you can imagine.

If you need to buy something, pay off some expensive existing debt or invest in an idea then a personal loan could be a relatively straightforward way to get it done.

And personal loans don't require you to place any assets at risk - it's your own credit history that largely determines the APR% you pay.

How can I use my loan?

Are all Any Purpose Loans Unsecured?

Unsecured loans are typically up to £25,000 which is a large enough sum for most domestic needs. But if you need to borrow more than £25,000 then you could consider a secured loan or perhaps a logbook loan.  Ordinarily we would not recommend securing your loan on any assets simply because of the risk attached to doing so. But larger loan amounts will require it.

Examples of Any Purpose Loans and Loan Amounts

What could you do with an any purpose loan up to £25,000?

  • Business start-up loan - £6,000 for IT, marketing and materials
  • Replacement Car Loan - £15,000 for Ford Fiesta
  • Home Improvements - £10,000 for a new kitchen
  • Debt Consolidation - £7,500 for all existing unsecured debts
  • Family holiday - £5,000 for a 2 week Florida holiday
  • Cosmetic surgery - £8,000 for breast enlargement
  • University education - £15,000 for 3 year course at the Open University

Using a Personal Loan to pay off Other Debt

Apart from car loans the most common questions we get asked are about paying off an existing debt with a new personal loan - i.e. consolidating existing debt.

It's no surprise that this issue is so common - UK households each have an average £7500 of personal debt (exc. mortgages). This is the sum of things like bank overdrafts, credit cards, small cash loans (e.g. payday loans or doorstep loans), unsecured loans, car finance, store cards etc. And this amount is growing by £500 per year.

With so many sources of credit it can be hard to keep on top of repayments and total interest costs. Paying all of these off with a single new loan sounds appealing as it could simplify your life, but it also needs to make financial sense. You really need to make sure that going forward such a debt consolidation will reduce total interest costs.

All About Personal Loans

Representative Example

Loan Amount

£9000

Monthly Repayment

£246.84

Loan Term

48 mnths

Total Repayment

£11,848.42

Representative APR

14.2%

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When it comes to getting you your personal loan our online service is second to none. In fact Solution-Loans.co.uk has scored 4.7 out of 5 based on 325 ratings & 47 user reviews for its personal loans service.

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