Fast Loans
For competitive fast loans you can't beat our selection of loans
from our leading lenders. You may want to renovate your home, go
on a holiday, buy a new car or perhaps you want a loan to settle
your outstanding debts on credit cards, store cards or arrears
on monthly bills. Whatever your reason, our fast loans could be
the answer.
Depending on whether or not you own your own home and your
investment preferences, you have a number of options available
to you. The two main categories of fast loans are secured loans
and unsecured loans. A secured loan is one which requires the
borrower to provide the lender with some form of security, their
property. The borrower's home serves as insurance against the
loan which means that the lender is taking a fairly low risk
while the borrower could lose their home if they fail to pay
back the loan. This is why interest rates for secured fast loans
are generally lower than for unsecured loans. With an unsecured
loan there is no obligation by the borrower to offer any form of
security or collateral and this means that the lender takes a
higher perceived risk and as a result charges higher interest
rates. It is wise to make sure that you can afford the
repayments on fast loans before committing to an agreement
because if you default on repayments and do not pay back the
loan as agreed, you will eventually lose you home. Even with
unsecured loans, lenders can act aggressively to protect their
investment.
Fast loans are available for various amounts and repayment terms
and are repayable on a monthly basis. You will be charged
interest on the amount you borrow and the interest rate applied
is known as the Annual Percentage Rate or APR. Generally,
lenders quote a typical interest rate which is the average rate
that over 50% of their successful applicants have received in
the past. This is merely an indication of the rate you are
likely to get but the exact APR you are offered will depend on
the amount you want to borrow, the type of fast loan you choose,
the repayment term and your personal situation and credit
record. You will also notice that lenders refer to fixed and
variable interest rates. A variable rate could rise and fall
with the bank base rate so your monthly repayments could also
vary throughout the term of your loan, not ideal if you are
working to a tight budget. You could however benefit if the bank
base rate drops and your interest rate follows suit. With fixed
interest rates your monthly repayments are set for the entire
term and will not fluctuate with changes in the bank base rate.
If a lender quotes a set interest rate then this is the rate
that all applicants will receive regardless of the amount of the
loan, term or the credit rating of the borrower.
A good way to compare fast loans is to look at the APRs as this
is an indication of just how competitive they are. Some lenders
may offer lower interest for the same loan if you apply online
and this is worth taking a look at. To help you shop around we
can give you access to our competitive selection of fast loans
from our top lenders - just fill out our simple online form.
You'll get a fast response and enjoy our efficient and
professional service.