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.
