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Unsecured Personal Loans

  • Use it for a big family holiday, buy a new or used car
  • Lower rates on higher amounts borrowed
  • Consolidate other debts
  • Fixed repayments
Credit subject to status & affordability assessment.
Warning: Late repayment can cause you serious money problems. For more information, go to MONEYADVICESERVICE.ORG.UK

Our comparison service is free for you to use. Yes it’s free!!

Are you thinking how we make money then? – We receive a fee or commission from lenders whenever you use LoanTube to find you a loan.

3 things you need to know about Unsecured Personal Loans online

Unsecured personal loans are very flexible type of finance and three of the biggest benefits on offer include:

  • You don’t need to have a perfect credit record for a lender to want to offer you an unsecured personal loan. LoanTube works with many specialist lenders who focus on your situation today rather than on any missed payments that might be on your credit record from three years ago.
  • You benefit from extra special protection from the Financial Conduct Authority if you take out an unsecured personal loan. There are caps on how much interest a lender can charge and the levels of fees if you fail to make a repayment.
  • You don’t have to be a big earner to be considered for an unsecured personal loan. If you earn more than £x per week and you’d like to apply, we’d love to hear from you.

When you should take Personal Loans

  • You don’t have to put up your home or car as security
  • You can borrow between £100 and £25,000
  • Repayment periods last from 12 months to 60 months
  • You can receive your cash within minutes as a LoanTube customer
  • If you pay off the loan early, you can save in interest

When you should not take Personal Loans

  • Interest rates can be higher than with an unsecured loan
  • You may be charged up to £15 if you miss a payment
  • Your credit rating may be impaired if you can’t repay your loan
  • Unsecured personal loans should only be used for exceptional expenditure
  • You should not use an unsecured personal loan to service other debt repayments

Frequently asked questions about Unsecured Personal Loans online

How old do I need to be to be considered for a loan?

We work with applicants aged 18 or over

Do I need to be in work?

Yes, we need you to be in permanent and paid employment (part-time is fine).

I am bankrupt / I am in an Individual Voluntary Arrangement (IVA) / I am in a debt management arrangement. Can I apply?

Unfortunately, we’re not able to help you at this time.

What information will you ask me when I apply?

We’ll need to know how much you earn every year, what your monthly outgoings are, your employment details, and all the addresses you’ve lived at for the last 5 years.

Do I need to provide a guarantor for this loan?

No, you don’t.

How long will I have to wait for an answer?

If it’s a “yes” or a “no”, you’ll find out in real time. Everything will happen in seconds right before your eyes – it’s that fast. If you’re approved by multiple lenders, you’ll see a list of their offers on your screen or your phone, all with locked-in APRs.(within timescale). Sometimes, a lender may want more information before they give you a “yes” or “no”. Once you’ve provided them with what they need to make a decision, you’ll get your answer very quickly.

Are you licensed to lend me money?

The Financial Conduct Authority is the body which awards the license needed to every company wanting to offer unsecured personal loans to members of the public only if they pass the Authority’s stringent industry tests. LoanTube does not lend you the money because we’re an FCA-registered broker – we introduce you to FCA-registered lenders happy to work with you.

How do you know which companies will lend me money and which ones won’t?

Each lender has a type of person they prefer to work with – in industry-speak, it’s called a “profile”. Our clever computer system and our team of finance people will pair you with the lenders whose profiles are a close match to the information you give us on your application.

Does that make my loan more expensive? Will I have to pay a higher rate of interest? Will I have to pay LoanTube?

No – to all three questions. You don’t pay LoanTube anything for applying and the cost of your loan doesn’t go up. In fact, thanks to the auction system we have in place, the amount you’ll pay back is likely to be lower than if you applied direct to a lender or through a traditional broker. To find out how it works, see below.

Will you credit check me?

Yes – by law, we have to carry out a credit check and so does every other Financial Conduct Authority-approved unsecured personal loan company in the UK. We partner with lenders who are very happy to work with applicants from a wide range of credit histories – good and bad.

If I get an offer, do I have to take the loan?

No. There’s no obligation on you to accept any loan offer made by one of our panel of lenders. You’re in complete control at all times.

Why trust LoanTube to find right Unsecured Personal Loan for you?

At LoanTube, we do things differently and the person who benefits the most from that is – YOU!

Once we have your details, we’ll submit your application to the lenders we know will be the happiest to hear from you. There may be three lenders we work with – there may be ten. They’ll then get back to us with an offer – “this is how much we’ll lend you and this is what we’ll charge for it”.

What happens next is what makes LoanTube different – every lender who gets back to us interested in having you as their newest customer will actually compete to win your business. How does this work? Loan Company X says “we’ll offer this” and then Loan Company Y says “we can do better than that – this is what we’ll offer you instead”. This “reverse auction” can really bring down your cost of borrowing. We do all the hard work for you – it’s that simple.

To start your application, please click here.

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