Unsecured Loans

Unsecured Loans for Homeowners and Tenants
Unsecured loans ( or tenant loans) are designed to serve the financial needs of those that don’t own their own home, or are living with parents.

The tenant would enter into an agreement with the lender as to what the monthly repayments are, and what interest rates apply. Because it's an unsecured loan, no assets are fixed to the loan, so the lender considers the repaying capacity of the tenant, as well as the state of their credit. The monthly income of the tenant forms the basis on which the loans are granted.

Unsecured loans are not exclusively for tenants, as homeowners are now increasingly opting for unsecured loans as a result of the rising number of repossession incidences caused by missing repayments on secured loans.
Self-employed or those with a salary who’re able to repay a loan with their incomes also qualify for unsecured loans.
Unlike secured loans, unsecured loans can be acquired very quickly, since there’s no evaluation of the property, and therefore a lot of time and paperwork is saved resulting in quick processing of the loan.

The downside to unsecured loans is that they attract a higher interest rate as a result of the absence of collateral, when compared to secured loans.
Unlike many other loan brokers, Advantage Loans are the UK's largest unsecured loans broker and have extremely competeitive interest rates.


To find out more information regarding the unsecured loan you're looking for have a look at Our Services.

Unsecured Loans and Guarantors
With a little help from Advantage Loans you can get a new car, a beautiful home or that dream holiday.
Unsecured loans are the key to this as they offer a convenient way of raising money.
When applying for a loan you also need to consider the repayment plans, interest rates, security and whether you require a guarantor or not.

With a secured loan usually you’ll have your property fixed to it as security for the lender, so if you don’t keep up the repayments they can use your home to obtain the finance you owe them. Of course this is definitely something you’d want to avoid, which is why unsecured loans are more inviting - as they carry no risks.