Unsecured Loans are the most convenient and simple way to solve your financial issues without involving your assets. There is no need for the borrower to submit any asset as the collateral to avail a loan. Even with a bad credit score, you can easily apply for a loan. Our lenders do check with prior terms before accepting your loan application. Your loan APR is decided upon various factors.
Online procedures did make things transparent and hustle free for the borrowers. You can get to know quick updates about your loan request. You can apply for the loan up to £10,000 for any usage.
Get started with the Online Application to avail a suitable loan for you.
You will get timely and quick answers on your Loan Application.
You will get the loan amount as soon as possible into your bank accounts upon approval of your loan application.
Representative Example : £1000 loan amount taken for 15-months tenure at APR of 35.99% will have a final repayment amount of £1,256.55 with a payable interest amount of £256.55, and a monthly installment of £83.77. The loan amount can be repaid in installments at a monthly amount of £102.90.
An Unsecured loan is a kind of a short-term loan which is primarily borrowed to overcome immediate financial emergencies. They do not need any security or collateral to be placed as surety in exchange to borrow a loan. Most lenders provide the unsecured loans to people irrespective of their credit histories. Since they are available without collateral, the unsecured loans come imposed with considerable APR, which depends on many other factors.
The Unsecured Loans are one of the most common & convenient short-term loans that are borrowed during financial emergencies. It can be availed as a lump sum amount and, can be repaid slowly as scheduled. The repayment amount and, the APR is fixed. So, the borrower can plan the monthly budget accordingly. The loan amount should be repaid on time or, the lender may take appropriate actions. However since the unsecured loans do not need collateral, there is no fear of losing an asset.
At FriskyLoans, our financiers will approve your loan applications for amounts starting from £100, up to a maximum amount of £10000, which will come imposed with 35.99% Representative APR (variable). The final imposed terms will depend on many factors like credit scores, loan amount, loan type, loan tenure, etc. However, it is important to choose an amount which you really need and not borrow in excess.
Our financiers at FriskyLoans do not impose many restrictions regarding the usage of the unsecured loan funds. However, it is advised that the borrowed amount is used only for genuine purposes and to overcome your immediate financial exigencies. You can use the unsecured loan funds for paying utility bills, for repairs, for medical needs, for making purchases, etc. But it should be repaid on time.
Undoubtedly, you are the only person who can decide that. You could start by exploring well about the unsecured loans, their advantages & disadvantages, etc. If you have any queries, you could get in touch with our representatives for resolving your queries. You could consider your requirements, preferences, and limitations, and decide if availing an unsecured loan is the right choice for you.