If you are looking to apply for a personal loan online, with us it couldn’t be simpler. Simply click on the ‘get a quote’ button and you’ll be taken to our recommended lending institution. From there, simply fill in the very brief form outlining your basic requirements and a loans specialist will be in touch to recommend you the most suitable personal loan.

We hand pick two companies that offer personal loans online from literally hundreds, basing our decisions on a number of criteria that all give an indication of value for money. These include interest rates for given selected loans, company reputation, customer service and service quality after the personal loan has been issued.

There are two types of personal loans you can apply for online. First is a secured personal loan. The other is an unsecured personal loan. It is very important to understand the difference between these two. The bullet points below should help:

•  Secured Personal Loan - If you want to apply for a personal loan online, it is most common to have the loan secured against an asset. This is most commonly equity in your home. Say your house is worth £150,000 and you have paid back 10% of your mortgage. You have £15,000 of equity in that property which will increase as the house price increases. If you borrowed £15,000 from one of our lenders, you could secure the full amount against the value of this equity. This would give the lender maximum security that you wouldn’t default on payment and hence would result in you being offered the lowest possible interest rate if you apply for a personal loan online. Assets can be seized if repayments are consistently missed.

•  Unsecured Personal Loan - It is possible to apply for a personal loan online that is not secured against any of your assets. Bear in mind the cost of servicing this loan, i.e. the interest rate charges are likely to be considerably higher than those paid on an equivalent secured loan. As the repayments of an unsecured personal loan are more closely related to your current and future income, you will be generally expected to repay the capital over a shorter period of time in contrast to secured loans. We recommend you apply online for a loan that is comfortable given your budget. You will be contacted by an expert loans adviser who will give you a no-pressure appraisal of your options.