Personal loans are one of the most common forms of lending used by people in the UK. But you may be new to the market and perhaps it would be helpful to learn a little more before you decide to apply for one of these loans. With this in mind we’ve prepared a simple guide to personal loans (otherwise known as unsecured loans). Hopefully it will answer any questions you have, but if it doesn’t there is lots more information on our website.
Our calculator tool allows you to estimate the repayments you may be expected to make based on changes to the loan amount and repayment period. You can see the monthly repayments and also the total amount you would need to repay over the life of the loan – useful for budgeting purposes.
You can enquire about a personal loan at no cost using our free enquiry service. You’ll then be able to explore loan options without having to commit to a lender. At this point you can get accurate loan offers showing you precisely what your repayments would be.
Amanda Gillam is Solution Loans's General Manager and has been since 2009. She is also a prolific writer on personal finance issues, and has been quoted numerous times in articles published on 3rd party websites and in press releases. Her...Read more about Amanda Gillam