Frequently Asked Questions
Unsecured Loans
What happens if I want to pay off my unsecured loan early?
It used to be the case that paying off loans was an expensive business. A formula known as the rule of 78 was used to calculate redemption penalties for an early repayment. This has now changed under guidance from the Office of Fair Trading. Most loan providers charge one months interest for the early repayment of an unsecured loan.
What is an Unsecured Personal Loan?
Who are Unsecured Personal Loans designed for?
Who can apply for Unsecured Personal Loans?
Why would I want to use an unsecured loan to solve a debt problem?
What happens if I want to pay off my unsecured loan early?
What fees are likely to be involved with an unsecured loan?
How quickly can I get money into my account?
Do I need to have an unsecured loan protected?
What affect does taking a personal loan have on my credit rating?