If you find yourself in a situation where you need money quickly, an unsecured loan could be a great option; without requiring you to put up collateral against your loan.
What makes these types of loans unique is that you can borrow money without putting up any collateral for processing the loan. Examples of collateral could be an asset that you own including your car, your motorbike or even your home. In contrast, a secured loan means that the lender may be able to claim one of your assets if you fail to make repayments on a regular basis.
Unsecured loans involve much less paperwork than secured loans so a key benefit is that there is no need for a long complicated assessment, which means the loan can be approved much faster.
An unsecured loan can be used for almost anything such as debt consolidation, medical bills, everyday expenses or car maintenance costs. They can also be a helpful option for people who want to finance a big purchase such as a holiday or home improvements.
We understand that being in a situation where you need money quickly can be extremely stressful, so we strive to make the process as easy and simple as possible.
Our online application takes under 10 minutes to complete and we’ll provide a decision online within minutes, 24 hours a day, 7 days a week. Once approved, funds are transferred to your account within 10 minutes and clearance times will depend on your bank.
Rest assured that we’ll never lend you more than you can comfortably repay and during your application, we’ll clearly outline loan repayment amounts and fees upfront before you accept the loan, so you’re always in control.