- Replace your car
- Consolidate your debt
- Take a holiday
- Improve your home
- Pay for your wedding
- Do whatever you wish!
- Borrow up to £25,000
The beauty of an unsecured personal loan is that it can be used for just about any reason you can imagine.
If you need to buy something, pay off some expensive existing debt or invest in an idea then a personal loan could be a relatively straightforward way to get it done.
And personal loans don't require you to place any assets at risk - it's your own credit history that largely determines the APR% you pay.
Unsecured loans are typically up to £25,000 which is a large enough sum for most domestic needs. But if you need to borrow more than £25,000 then you could consider a secured loan or perhaps a logbook loan. Ordinarily we would not recommend securing your loan on any assets simply because of the risk attached to doing so. But larger loan amounts will require it.
What could you do with an any purpose loan up to £25,000?
It's no surprise that this issue is so common - UK households each have an average £7500 of personal debt (exc. mortgages). This is the sum of things like bank overdrafts, credit cards, small cash loans (e.g. payday loans or doorstep loans), unsecured loans, car finance, store cards etc. And this amount is growing by £500 per year.
With so many sources of credit it can be hard to keep on top of repayments and total interest costs. Paying all of these off with a single new loan sounds appealing as it could simplify your life, but it also needs to make financial sense. You really need to make sure that going forward such a debt consolidation will reduce total interest costs.
When it comes to getting you your personal loan our online service is second to none. In fact Solution-Loans.co.uk has scored based on 423 ratings & 61 user reviews for its personal loans service.
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