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Loan Basics

There are two types of loan available:

Unsecured personal loans
This loan type is repaid each month with added interest, which is usually fixed. You're not required to offer any security to the lender such as your home. If you default on payments the provider will need to take you to court to recover the debt. They are not available for business purposes and some other uses may also be excluded, for example the purchase of timeshare properties. Click Here to find out more...

Secured homeowner loans
This loan type is a personal loan which is secured by a second charge on an already mortgaged property. These loans need to be entered with great care. If you fail to repay the debt, you could lose your home.


THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT