Unsecured Loans
Advanced Finance are one of the largest finance, secured loans, and remortgage brokers in the UK, based in Essex offering their clients financial products such as Secured loans and homeowner Loans, Bridging Loans, and remortgages.
We have access to the whole market, which means that we can guarantee all our customers that we can offer them the best possible rate for secured loans, quick loans, remortgages, and bridging loan based on their personal demographics. Advanced Finance are able to source a remortgage or secured loan product for their clients on a matter of minutes, and even have an offer available on the same day. If your in a hurry for finance, and cant wait for a remortgage, we also offer,homeowner loans, secured loans, and homeowner loans to help you along the way.
What Is An Unsecured Loan?
Unsecured loans are available to anyone between the ages of 18 Years of age and 60 Years of age. The minimum Unsecured Loan amount in the UK is £50, and the maximum that you are able to borrow is £25,000. If you wanted to borrow more that £25,000, then you would have to take out a secured loan. A secured loan is a loan that is secured on a property or an asset, where an unsecured loan is not. An unsecured loan is taken out with good faith that this is no need for any security, and that the money will be paid back within a set time scale.
Where Can I Get An Unsecured Loan?
Unsecured borrowing can be done through a wide number of different channels, and different circumstances could influence which way you go, and who you borrow the money from.
Most high street banks will at some point offer their existing current account holders a loan if they see good account management in the way of, no outstanding debts, no late fees on the bank account, no returned, or unpaid direct debits, read more »
Although High street banks are cheap for unsecured loans, they are very fussy about who they lend to, therefore if you have ever had any problems with your credit in the past, they probably will not be interested in lending you too much at first
Unsecured Loans From Finance Houses
A finance house is normally a company that is backed by a larger company, say an investor, or a building society. Finance houses also offer unsecured loans, between £500 – £25,000. Finance houses also want you to have a very good credit rating most of the time, and they too are quite fussy over certain details when looking to lend a customer money. The more you borrow the more the case is looked into by an underwriter. Finance houses will nearly always want to see proof of address, ID, and your last 3 months payslip’s before agreeing to lend you the money. Although finance houses are almost as strict about there lending requirements as the high street banks are, they will charge you a higher rate for your unsecured loans than the high street bank will.
Unsecured Loans Information
The best way to apply for a quick unsecured loan would be to use a broker like Advanced Finance Limited who are able to source all of the above options, and more for you within a few minutes. This will save you time, and money, as they will probably be able to find a better product than you would have found, as they have the knowledge and experience of who does what in the industry.
To apply for one of our unsecured loans, simply fill in the form above, and a qualified unsecured loans broker will call you to discuss your requirements, alternatively, you can give us a call and see what we are able to offer you in terms of a quick solution to your loan requirements. Advanced Finance Limited are a well established secured loans, broker who are based in Essex, UK, offering their services to people from all walks of life throughout the UK.