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Welcome to Loans-UK
- The directory of cheap online loan providers for UK
residents
Loans-UK is a directory and loan information guide to
companies and providers of personal loans, business
loans, secured loans, unsecured loans and other forms
of borrowing to UK residents. All Loan companies listed
on Loans-UK are regulated by the Financial Services
Authority.
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Loans & Borrowing
At some time it is probable that we will have to
borrow money. This borrowing
may be because we wish to purchase such as a new
car, have a holiday or for some home improvement
such as a new kitchen extension - or the extra money
may be due to a short-term lack of funds.
Furthermore anyone wishing to make a step into the
property market needs to borrow via a mortgage
to enable the house purchase.
Whatever you need the money for you'll find a loan
provider on Loans-UK |
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Loan
repayments
Borrowing money, costs money in time aind interest.
Taking out a loan only to plunge yourself into a
financial crisis, due to a steep repayment schedule
is pointless. You should seek to borrow an amount
that can be repaid comfortably every month. You
should seriously consider the repayment period and
what you can comfortably afford out of your monthly
income. A loan over a greater period of time will
cost more in interest repayments, however the monthly
payment will be far less. Read our section on interest
rates.
Taking out a personal loan, and then defaulting
on the payments and placing you in a potentially
financially ruinous situation with the possibility
of CCJ's against you or worse, is something you
should think about. |
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Shop
around for cheap UK Loans
To enable you to find the most competitive UK loan
, Loans-UK list various direct online suppliers
and many comparitive providers from Loan Brokers.
You should always be aware that most loans carry
with them expensive interest repayments. So shop
around to find cheap loans
and interest rates that suit your particular circumstances.
It is also worth bearing in mind that most UK loan
agreements include the option of cancelling the
policy within 14 days of its start, thereby allowing
you to change your mind. Your online loan will also
be covered by the distance selling rules which allow
a cooling off period. |
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Secured
& Unsecured
Loans
Take
into consideration that by borrowing money against
the value of your home, you are offering your home
as security for the UK loan. This could mean the
lender repossessing your home, and selling it to
repay your UK loan as a result of a failure to keep
up the repayments.
Many UK loans taken out with a bank or building
society are unsecured, this means your home is not
at risk if you fail with the repayments, however
you will have tarnished your credit record.
A number of lenders will give you the option of
taking out an additional UK loan against the value
of your home, on the provision that there is adequate
equity left in the home. For some this is a desirable
way of borrowing, this is due to the fact that the
interest charges have a tendency to be similar to
the mortgage rates in comparison to those for UK
loans. Lenders usually insist that a fee is paid
for having the house valued. |
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Car
Finance
Remember that if you are seeking to purchase a car,
the options available to you for borrowing are varied
in comparison to UK loans. For example hire purchase,
personal contract hire and personal contract purchase
are all alternative options are all avenues for
someone buying a car. |
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Early
Repayment penalties
Find out the process for early repayment if you
take out a UK loan. Many lenders may charge you
at least two month’s interest as an early
redemption penalty. Before taking out an UK loan
seek this information out. |
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Using
your current Bank or Building society
Many people make the mistake of taking out a UK
loan from their bank simply through a sense of loyalty.
There is no reason to feel you owe your bank anything.
The only sense of loyalty needed is to yourself,
to make sure you get the best current available
deal for a UK loan, which often means looking some
where else. Bank loans
do not neccessarily offer the cheapest loans available |
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Find
a UK loan company in our A - Z
A
B C
D E
F G
H I
J K
L M
N O
P Q
R S
T U
V W
X Y
Z
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