[et_pb_section fb_built=”1″ module_class=”app-loan-form” _builder_version=”4.16″ _module_preset=”default” background_color=”#75b8ca” use_background_color_gradient=”on” background_color_gradient_direction=”-300deg” background_color_gradient_stops=”#75b8ca 0%|#ffffff 100%” background_color_gradient_start=”#75b8ca” background_color_gradient_end=”#ffffff” custom_padding=”||||false|false” locked=”off” global_colors_info=”{}”][et_pb_row column_structure=”1_2,1_2″ use_custom_gutter=”on” gutter_width=”2″ make_equal=”on” module_class=”cust-width-row cust-row-none” _builder_version=”4.16″ _module_preset=”default” module_alignment=”center” custom_padding=”|10px|0px|10px|false|true” locked=”off” global_colors_info=”{}”][et_pb_column type=”1_2″ _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}”][et_pb_text module_class=”mob-banner-heading” _builder_version=”4.18.0″ _module_preset=”default” header_font=”Montserrat|600|||||||” header_text_color=”#17174c” header_font_size=”42px” header_line_height=”1.2em” header_2_font=”Montserrat||||||||” header_2_text_color=”#17174c” header_2_font_size=”42px” header_2_line_height=”1.2em” global_colors_info=”{}”]<\/p>\n
[\/et_pb_text][et_pb_image src=”https:\/\/www.believemoney.com\/wp-content\/uploads\/2022\/08\/summer.8b0ea78d.png” title_text=”summer.8b0ea78d” show_bottom_space=”off” align=”right” disabled_on=”off|on|on” module_class=”banner-mob-img” _builder_version=”4.16″ _module_preset=”default” custom_margin=”||0px||false|false” custom_padding=”||0px||false|false” locked=”off” global_colors_info=”{}”][\/et_pb_image][et_pb_text disabled_on=”off|on|on” module_class=”loans-banner-style” _builder_version=”4.18.0″ _module_preset=”default” header_2_font=”Montserrat|600|||||||” header_2_text_align=”center” header_2_text_color=”#dd1d42″ header_2_font_size=”22px” text_orientation=”center” global_colors_info=”{}”]<\/p>\n
Let’s get started!<\/p>\n
[\/et_pb_text][et_pb_text _builder_version=”4.18.0″ _module_preset=”default” text_font=”Montserrat||||||||” text_text_color=”#17174c” text_font_size=”16px” custom_margin=”||30px||false|false” global_colors_info=”{}”]<\/p>\n
Whether you’re looking to fund a home renovation, consolidate debt, or cover an unexpected expense, an unsecured personal loan could give you access to the finance you need, without putting your home or your collateral up as security.<\/p>\n
To find out more about taking out an unsecured loan, get in touch with our team of specialist finance brokers at Believe Loans.<\/p>\n
[\/et_pb_text][\/et_pb_column][et_pb_column type=”1_2″ disabled_on=”on|off|off” _builder_version=”4.16″ _module_preset=”default” background_image=”https:\/\/www.believemoney.com\/wp-content\/uploads\/2022\/08\/summer.d17b52ee.png” background_size=”custom” custom_css_main_element=”background-size: contain;” global_colors_info=”{}”][et_pb_text disabled_on=”off|off|off” module_class=”loans-banner-style” _builder_version=”4.18.0″ _module_preset=”default” header_2_font=”Montserrat|600|||||||” header_2_text_align=”center” header_2_text_color=”#dd1d42″ header_2_font_size=”22px” text_orientation=”center” global_colors_info=”{}”]<\/p>\n
Let’s get started!<\/p>\n
[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=”1_2,1_2″ use_custom_gutter=”on” gutter_width=”2″ make_equal=”on” module_class=”cust-width-row cust-row-none-show” _builder_version=”4.16″ _module_preset=”default” module_alignment=”center” custom_padding=”|10px||10px|false|true” locked=”off” global_colors_info=”{}”][et_pb_column type=”1_2″ _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.16″ _module_preset=”default” header_2_font=”Montserrat||||||||” header_2_text_color=”#17174c” header_2_font_size=”42px” header_2_line_height=”1.2em” global_colors_info=”{}”]<\/p>\n
[\/et_pb_text][\/et_pb_column][et_pb_column type=”1_2″ _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}”][et_pb_button button_text=”I am a homeowner ” button_alignment=”center” module_class=”homeowner-form-btn” _builder_version=”4.16″ _module_preset=”default” custom_button=”on” button_text_size=”16px” button_text_color=”#FFFFFF” button_bg_color=”#17174c” button_border_color=”#17174c” button_border_radius=”10px” button_font=”Montserrat|600|||||||” button_use_icon=”off” custom_padding=”15px||15px||true|false” custom_css_main_element=”max-width:320px;||width:100%;” global_colors_info=”{}”][\/et_pb_button][et_pb_button button_text=”I am a tenant ” button_alignment=”center” module_class=”tenant-form-btn” _builder_version=”4.16″ _module_preset=”default” custom_button=”on” button_text_size=”16px” button_text_color=”#FFFFFF” button_bg_color=”#17174c” button_border_color=”#17174c” button_border_radius=”10px” button_font=”Montserrat|600|||||||” button_use_icon=”off” custom_padding=”15px||15px||true|false” custom_css_main_element=”max-width:320px;||width:100%;” global_colors_info=”{}”][\/et_pb_button][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ _builder_version=”4.18.0″ _module_preset=”default” background_color=”#e1f0f4″ custom_padding=”||||true|false” global_colors_info=”{}”][et_pb_row column_structure=”1_2,1_2″ use_custom_gutter=”on” gutter_width=”2″ _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}”][et_pb_column type=”1_2″ _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}”][et_pb_image src=”https:\/\/www.believemoney.com\/wp-content\/uploads\/2022\/03\/work_hard02.png” title_text=”work_hard(02)” align=”right” _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}”][\/et_pb_image][\/et_pb_column][et_pb_column type=”1_2″ _builder_version=”4.16″ _module_preset=”default” custom_padding=”50px||||false|false” global_colors_info=”{}”][et_pb_text _builder_version=”4.18.0″ _module_preset=”default” header_2_font=”Montserrat||||||||” header_2_text_color=”#17174c” header_2_font_size=”42px” header_2_line_height=”1.2em” custom_margin=”||30px||false|false” global_colors_info=”{}”]<\/p>\n
[\/et_pb_text][et_pb_text _builder_version=”4.18.0″ _module_preset=”default” text_font=”Montserrat||||||||” text_text_color=”#17174c” max_width=”450px” custom_margin=”||30px||false|false” global_colors_info=”{}”]<\/p>\n
Unsecured personal loans are financial products that allow you to borrow money without putting up any collateral to secure the loan against.<\/p>\n
As such, unsecured loans are typically offered for smaller amounts of money, such as \u00a31,000 to \u00a325,000. While you can use an unsecured loan however you need, they’re primarily used for debt consolidation<\/a>, paying for home improvements, or covering unexpected expenses.<\/p>\n Unlike a secured loan<\/a> that is backed by assets such as your home or car, unsecured loans are determined on your credit record and other factors to assess your ability to repay the loan. Because of this, the interest rates on unsecured loans are typically higher than those on secured loans. This is because the lender is taking on more risk lending to you as they don’t have any collateral to fall back on should you default<\/a> on your repayments.<\/p>\n [\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ _builder_version=”4.18.0″ _module_preset=”default” custom_padding=”||||true|false” global_colors_info=”{}”][et_pb_row column_structure=”1_2,1_2″ use_custom_gutter=”on” gutter_width=”2″ _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_column type=”1_2″ _builder_version=”4.18.0″ _module_preset=”default” custom_padding=”||||false|false” global_colors_info=”{}”][et_pb_text _builder_version=”4.18.0″ _module_preset=”default” header_2_font=”Montserrat||||||||” header_2_text_color=”#17174c” header_2_font_size=”42px” header_2_line_height=”1.2em” custom_margin=”||30px||false|false” global_colors_info=”{}”]<\/p>\n [\/et_pb_text][et_pb_text _builder_version=”4.18.0″ _module_preset=”default” text_font=”Montserrat||||||||” text_text_color=”#17174c” custom_margin=”||30px||false|false” global_colors_info=”{}”]<\/p>\n The eligibility criteria for taking out an unsecured loan will vary from lender to lender, but some common factors include:<\/p>\n Age:<\/strong> You must be at least 18 years old to apply for an unsecured loan.<\/p>\n<\/li>\n UK residency:<\/strong> You must be a UK resident with a permanent address. The easiest way to prove this is by getting on the electoral register. However, you can also provide birth certificates, passports and utility bills as proof of residency too.<\/p>\n<\/li>\n Income:<\/strong> You must have a regular income that is sufficient to cover the monthly loan repayments.<\/p>\n<\/li>\n Credit score:<\/strong> You must have a good credit score.<\/p>\n<\/li>\n Employment status:<\/strong> You must be employed or self-employed.<\/p>\n<\/li>\n<\/ul>\n If you meet all of the eligibility criteria, you’ll still need to be approved for the loan. The lender will assess your application and decide whether you are a good risk.<\/p>\n [\/et_pb_text][\/et_pb_column][et_pb_column type=”1_2″ _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}”][et_pb_image src=”https:\/\/www.believemoney.com\/wp-content\/uploads\/2022\/04\/illustration-02.png” title_text=”illustration-02″ align=”right” _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”][\/et_pb_image][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ _builder_version=”4.18.0″ _module_preset=”default” background_color=”#e1f0f4″ custom_padding=”||||true|false” locked=”off” global_colors_info=”{}”][et_pb_row use_custom_gutter=”on” gutter_width=”2″ _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.18.0″ _module_preset=”default” custom_padding=”||||false|false” global_colors_info=”{}”][et_pb_text _builder_version=”4.18.0″ _module_preset=”default” header_2_font=”Montserrat||||||||” header_2_text_color=”#17174c” header_2_font_size=”42px” header_2_line_height=”1.2em” custom_margin=”||||false|false” locked=”off” global_colors_info=”{}”]<\/p>\n [\/et_pb_text][et_pb_text _builder_version=”4.18.0″ _module_preset=”default” text_font=”Montserrat||||||||” text_text_color=”#17174c” header_3_font=”|600|||||||” header_3_text_color=”#17174c” header_3_line_height=”1.2em” header_4_font=”|600|||||||” header_4_text_color=”#17174c” header_4_line_height=”1.2em” custom_margin=”||||false|false” locked=”off” global_colors_info=”{}”]<\/p>\n Personal loans can give you fast access to much needed cash. As soon your loan is approved, the money goes into your account. For some people, the money reaches their bank account within a few hours, however, most receive the funds in a few days.<\/p>\n As most personal loans are for smaller amounts of money, their repayment terms can be more flexible. Most lenders will let you choose how long you want the repayment terms to be, so you can tailor the loan to your needs.<\/p>\n [\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ _builder_version=”4.18.0″ _module_preset=”default” background_color=”#FFFFFF” custom_padding=”||||true|false” locked=”off” global_colors_info=”{}”][et_pb_row use_custom_gutter=”on” gutter_width=”2″ _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.18.0″ _module_preset=”default” custom_padding=”||||false|false” global_colors_info=”{}”][et_pb_text _builder_version=”4.18.0″ _module_preset=”default” header_2_font=”Montserrat||||||||” header_2_text_align=”left” header_2_text_color=”#17174c” header_2_font_size=”42px” header_2_line_height=”1.2em” custom_margin=”||||false|false” global_colors_info=”{}”]<\/p>\n [\/et_pb_text][et_pb_text _builder_version=”4.18.0″ _module_preset=”default” text_font=”Montserrat||||||||” text_text_color=”#17174c” header_3_font=”|600|||||||” header_3_text_color=”#17174c” header_3_line_height=”1.2em” header_4_font=”|600|||||||” header_4_text_color=”#17174c” header_4_line_height=”1.2em” custom_margin=”||||false|false” locked=”off” global_colors_info=”{}”]<\/p>\n While an unsecured loan may seem like an easy answer to access large sums of cash, these financial products aren’t without risk. As such, there are a few things you should consider before signing on the dotted line, for example:<\/p>\n How much money do you actually need to borrow? Are there any cheaper ways to finance your needs? Can you save up some money or use your savings to cover the cost? Borrowing more than you need can make it harder to repay the loan and could lead to financial problems.<\/p>\n The interest rate is the cost of borrowing money. It’s expressed as a percentage of the amount borrowed and is charged over the life of the loan. The interest rate you pay will vary depending on the lender, the amount borrowed, and your credit score. For awareness, the higher your interest rate, the more you will pay in interest over the life of the loan.<\/p>\n The repayment term is the length of time you have to repay the loan. The repayment term will also affect the monthly repayment amount. A longer repayment term will mean lower monthly repayments, however, it will mean you pay more interest over the life of the loan.<\/p>\nEligibility criteria to take out an unsecured loan<\/h2>\n
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The advantages of an unsecured loan<\/h2>\n
Simple application process<\/strong><\/h4>\n
Flexibility<\/strong><\/h4>\n
<\/ul>\n
Things to consider before you get an unsecured loan<\/h2>\n
The amount of money you need to borrow<\/h3>\n
The interest rate<\/h3>\n
The repayment term<\/h3>\n
Associated costs, fees and charges with taking out an unsecured loan<\/h3>\n