Personal Loans, Secured & Unsecured

Not every purchase fits a standard car loan, and not every lender treats an unusual one the same way. We arrange both secured and unsecured personal loans, which means the first question is not which lender, it is which structure. A loan secured against an asset is generally priced better than unsecured borrowing, so where there is an asset to use, it is usually worth using it.

Secured personal loans take the asset itself as security. We arrange finance against a wide range: cars, including EVs and hybrids, light commercial vehicles up to 12 tonne, motorbikes and scooters, caravans and camper trailers, motorhomes and campervans, boats, jet skis and personal watercraft, horse floats, box and general trailers, ride on mowers, tractors, diggers and excavators, sailboats and ultralight aircraft. Our guide to secured loans explains how security works and why it changes what you are offered.

Unsecured personal loans take no asset, which makes them the right tool when there is nothing to secure against. We arrange unsecured finance for vehicle repairs, accessories and modifications, solar and battery systems, home improvements and renovations, house furnishings and appliances, medical, dental and orthodontic treatment, cosmetic procedures, weddings and events, travel, course fees and education, debt consolidation including buy now pay later and personal tax debt, balloon payouts, GAP finance, shares, house deposit co-funding, e-bikes, golf carts, engagement rings, musical instruments and tools.

Debt consolidation deserves a mention of its own. Rolling several commitments into one structured loan with a fixed term and a single repayment is often more useful than it sounds, particularly where buy now pay later arrangements or a tax debt are involved. Whether it leaves you better off depends on the terms and on what you do next, and our guide to debt consolidation loans covers when it helps and when it does not.

Balloon payouts are another common one. If you have a balloon payment falling due on an existing loan, the options are to pay it, sell the asset, or refinance it, and our guide to refinancing covers when that stacks up.

Your credit file matters on any application, and applying to several lenders at once damages it, which is the main reason to be matched to the right lender before anything is submitted. When comparing offers, the comparison rate is the number that lets you compare like with like.

1. Tell us what you are funding. The asset, the project or the purpose, and roughly what you need. If there is something to use as security, say so early because it usually changes the options.

2. We work out the structure. Secured or unsecured, and which is genuinely better for you rather than simply available. This is where most of the value sits.

3. We look at your position. Income, employment and existing commitments, including credit card limits, which count whether you use them or not.

4. We compare the panel. More than 40 lenders, and we take it to the one whose criteria fit you and the purpose. One application, not five, because every application marks your credit file.

5. Approval. Straightforward applications are often approved within a day or two once the lender has everything. We tell you what is outstanding rather than leaving you guessing.

6. Documents. Contracts issued for electronic signing, with the security registered where the loan is secured against an asset.

7. Settlement. Funds go where they need to go, whether that is a dealer, a private seller, a supplier or your account, and your repayments start on the agreed date.