Borrowing

Borrowing is an important part of managing your personal finances. Almost all of us will have a need for borrowing at key points in our lives. This borrowing may be to support your education, buy a new car or consolidation multiple debts (including credit cards) into a single loan.

The two most popular types of borrowing, other than mortgages, are unsecured and secured loans.

With an unsecured loan you can manage your personal finance by borrowing any amount typically from £1,000 to £25,000. With this type of loan you do not need to provide security for the borrowing. By borrowing this way you can use the money for many purposes from buying a car, taking a holiday or making improvements to your home.

The table below lists the best selling borrowing products provided by Myloanchoices. Select the level of borrowing you need and the repayment term, then recalculate the monthly payment and total amount payable. You can then click on the product and review the detailed borrowing information.

our best loans
loan provider typical APR max loan term range 1 Sterling Credit 7.6% £75,000 3-25 yrs 2 First Plus 7.9% £100,000 5-25 yrs 3 Picture 8.4% £100,000 10-25 yrs 4 Nemo 10.9% £100,000 5-25 yrs 5 Paragon 11.3% £150,000 5-25 yrs

If you are a homeowner you can also consider borrowing money using a secured loan where the lender lends you money secured on your property. To be eligible for this type of borrowing you will need to either own your property outright or have a mortgage. This is an increasingly popular way of borrowing, especially as property prices have increased and many people have equity in their property.

Myloanchoices can find you a competitive secured borrowing product whatever your personal circumstances or borrowing requirements. This type of loan allows borrowing up to £100,000 over a 10 year repayment term even if you have a bad credit record.