A loan provided to a borrower without them having to provide any Security, such as a charge over their house. Because the risk to the lender of not getting their money back is higher for unsecured loans than for Secured loans, the interest rate charged is often higher.
Unsecured loans are also sometimes referred to as personal loans.
UK Financials Ltd is not a lender and do not lend any money. We provide lenders information only service to the consumer who are looking for a loan.
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 Other Debt Secured On It.
