Loans UK - Loans for everybody
- Date: 2007-03-14 - Word Count: 353
Share This!
Loans UK are broadly of two types: secured loans and unsecured loans. Secured loans are given by the lender against the collateral furnished by the borrower. The collateral could be anything, from a house to jewellery. In fact, the loan amount is dependant on the equity present in the collateral.
With unsecured loans, there is no need for the borrower to put up collateral as security. The money that can be had with this loan is lower than secured loans. There are advantages and disadvantages of secured and unsecured loans.
The benefits with a secured loan are many. With a secured loan, the borrower gets a bigger loan amount and relatively lesser interest rate. The toning down of the interest rate is mainly due to the presence of collateral. With collateral in place, the lender faces lesser risk. He can always recoup the loan amount by selling off the collateral in the case of a repayment default.
With an unsecured loan, one gets a totally different set of benefits. The obvious advantage is that there is no need for the loan taker to risk collateral. Secondly, the documentation process that accompanies secured loans is greatly alleviated in this case.
There are some disadvantages to unsecured loans. With these loans, the amount one can borrow is lesser. Also, with collateral not present, the interest rates are elevated.
There are several avenues from where to get loans UK. Traditional banks and building societies are two of the most common entities. Other sources include private lenders and the online facility. The Internet is, today, unequivocally the best source of availing loans, in terms of choices and convenience.
However, borrowers should do an in-depth analysis and comparison of the loans in the market. With proper research, one can get loans UK at feasible rates and conditions.
About The Author: The author is a business writer specializing in finance. and credit products and has written authoritative articles on the finance industry. He has done his masters in business administration and is currently assisting UK-Loan-Market as a finance specialist.
For more information on loans UK please visit at: www.uk-loan-market.co.uk
With unsecured loans, there is no need for the borrower to put up collateral as security. The money that can be had with this loan is lower than secured loans. There are advantages and disadvantages of secured and unsecured loans.
The benefits with a secured loan are many. With a secured loan, the borrower gets a bigger loan amount and relatively lesser interest rate. The toning down of the interest rate is mainly due to the presence of collateral. With collateral in place, the lender faces lesser risk. He can always recoup the loan amount by selling off the collateral in the case of a repayment default.
With an unsecured loan, one gets a totally different set of benefits. The obvious advantage is that there is no need for the loan taker to risk collateral. Secondly, the documentation process that accompanies secured loans is greatly alleviated in this case.
There are some disadvantages to unsecured loans. With these loans, the amount one can borrow is lesser. Also, with collateral not present, the interest rates are elevated.
There are several avenues from where to get loans UK. Traditional banks and building societies are two of the most common entities. Other sources include private lenders and the online facility. The Internet is, today, unequivocally the best source of availing loans, in terms of choices and convenience.
However, borrowers should do an in-depth analysis and comparison of the loans in the market. With proper research, one can get loans UK at feasible rates and conditions.
About The Author: The author is a business writer specializing in finance. and credit products and has written authoritative articles on the finance industry. He has done his masters in business administration and is currently assisting UK-Loan-Market as a finance specialist.
For more information on loans UK please visit at: www.uk-loan-market.co.uk
Related Tags: loans uk, loan uk, uk loans
Your Article Search Directory : Find in Articles
Recent articles in this category:
- The Secrets to Getting Low Down Payment Car Insurance
Upon purchase of a new car, there is almost always a requirement to buy an auto insurance policy as - The Wisdom Behind Auto Insurance Comparison Quotes
No one in his right mind would not go for a good deal. In fact, everyone is out on their feet and ru - The Benefits of Auto Insurance Comparisons Florida
Insurance can be expensive. This is something everyone knows about especially in the sunny state of - Auto Insurance Florida: The No-Fault Policy
There are different kinds of car insurance offered by a wide range of providers today. Different sta - Finding the Cheapest Auto Insurance Companies
Everyone is asking and searching for the cheapest auto insurance companies available today. Consider - How do You Compare Private Health Insurance Cover in Australia?
Deciding what is the best and most affordable private health insurance cover can be easy if you take - How Payment Protection Insurance Was Mis-Sold
For over six years the issue of Payment Protection Insurance (PPI) and how it was mis-sold to custom - Finding Quotes For Auto Insurance Online
One of the many concerns when you are shopping for auto insurance is being able to get access to quo - How You Can Find the Best Auto Insurance Online
When it comes to renewing your car insurance you are going to quickly discover that there are a numb - Guidelines For Searching For Auto Insurance Online
The internet can be a great source of discounts and values related to auto insurance. However, many
Most viewed articles in this category:
- Trading Forex With Pivot Points
Forex Pivot Point Trading are used today by Forex Traders and are calculated on the previous days mo - Where To Search For Free Grants
Where do you look for free grants? The search must be thorough or it could be an exercise in futilit - The Connection Between High Blood Pressure and Salt
We are a society of Salt Addicts. It cannot be denied. When you look at the things we do and the pla - Tips For Avoiding HYIP Scams
Before knowing about HYIP Scams, refer to the functioning of HYIP or "High Yield Investment Programs - Getting Credit After Bankruptcy
Consumers do not have to live sans credit following a bankruptcy. By following certain steps consume - Tips For Choosing A Credit Card
Are you looking for that perfect credit card? If so, you may be confused about what exactly to look - Cheap Car Insurance For Teens Online
Many elements determine a car insurance policy. Car insurance companies look at the person's age, hi - What Exactly Is Free Grant Money?
You can apply for free grant money from various government agencies. But where exactly does this mon - Small Business Owners Marketing and Customer Service
Marketing can be time-consuming, but it doesn't have to be hugely expensive now, thanks to the Inter - Apply Online For A Credit Card - How To Choose A Card?
The best type of credit card for you will be dependant on how you intend to use the credit card. Are
