Borrow up to £2,500 through an unsecured loan and receive funds on the same day
Unsecured loans refer to borrowing up to £2,500 without any collateral or security required to be eligible. Essentially, you are applying with a direct lender and the success of your application is based on your income, employment and credit score. Since there is no proof of collateral or guarantor required, your application moves a lot faster. Upon completing the application with one of our featured lenders, you will receive an instant decision on the screen and subject to further checks, you should be able to receive funds in 1 hour or less.
allthelenders is the perfect unsecured loans comparison website, comparing over 40 lenders across the UK. We ensure that all the lenders we feature are fully vetted and following the strict regulation of the Financial Conduct Authority and practices such as treating customers fairly and responsible lending.
To start your search, click on the compare now button below and you will be taken to our unsecured loans calculator where you can choose how much you wish to borrow and how long for.
What Are Unsecured Loans Used For?
Unsecured loans are used for everyday purposes including emergencies, new cars, holidays, debt consolidation, home improvements and more.
The difference between secured loans is that you will need to ‘secure’ your loan against something to be eligible. This is commonly used for people with bad credit who need to offer an addition asset or security to get the loan they need. Examples of this including securing your loan against your car or vehicle, your property, piece of jewellery or art.
Do You Offer Unsecured Loans with No Guarantor?
Yes, if you are looking for an unsecured loan with no guarantor required, we feature over 40 lenders that you can choose from. We compare loans without a guarantor, so you can apply directly with the lender of your choice and there are no other parties involved.
For some people, it is a lot of effort to find a good quality guarantor who is willing to be involved in your loan agreement and cover payments on your behalf. This is why many applicants prefer to apply for an unsecured loan, because they are able to obtain the finance they need based on their own criteria and not relying on anyone else.
Can I Apply for Unsecured Loans with Bad Credit?
If you are looking for unsecured loans bad credit, the companies we work with at allthelenders are willing to take a view on poor credit and all types of credit histories. Our partners appreciate that having a perfect credit score without any missed repayments or defaults is not always feasible, and different circumstances can emerge that can make people fall behind on payments.
Subsequently, our lenders are more focused on how you plan to repay your loan on time and your desire to do so. By having a stable income and regular monthly employment demonstrates that you have a way that you can make your monthly repayments. Some lenders will require proof of a payslip or bank statement in order to confirm this.
One important thing about unsecured loans for bad credit is that they may yield a slightly higher interest rate. This is because the lender has to take on more risk and there is a chance that they will not be able to recuperate the full money that has been lent out.
Similarly, if you are looking for unsecured loans for good credit, you are deemed as a lower risk of default and therefore may have access to lower interest rates. A good credit history can be built up over time by making a number of consecutive payments on time including credit cards, personal loans, utility bills and more. If you have no credit score, you can always look a credit builder credit cards which allow you to borrow low amounts to get you into the routine of paying credit on time.
We Work with Unsecured Loans Direct Lenders Only
allthelenders works with unsecured loans direct lenders so when you have selected the lender of your choice, you will be able to apply directly on their website in less than 5 minutes. As a direct lender, this partner lender will process your entire loan from start to finish including the funding of the loan and collecting repayment.
As a leading price comparison website, we do not charge any fees for using our service and we do not take down any information either, you can simply use our unsecured loans comparison table and click through to the lender of your choice.
We have helped thousands of people in the UK to compare loans and help get the finance they need. To start your search today, simply click on ‘compare now’ below and if successful, you will be able to receive funds from your chosen lender on the same day of applying.