The Post Office offers unsecured personal loans. If you are thinking of getting a loan, have a look at what the Post Office offers.
Post Office
Features and benefits
* You can check if you will quality for a loan without affecting your credit score.
* Representative 8.3% (fixed) on loans from £3, 000 to £4, 999.
* The Post Office gives loans from £1, 000 to £25, 000. Terms 1 – 7 years.
* In most cases there is an instant decision given.
You can get more information and apply, here: Post Office Loans.
What does Post Office loans offer?
You get loans from £1, 000 to £25, 00 with loan terms from 1 – 7 years. You can also easily apply online and get an instant decision. The Post Office offers unsecured loans.
Check if you are eligible without affecting your credit score
You can quickly check if you are eligible online without affecting your credit score if you are not accepted.
If you do get accepted for a loan, you will get 14 days to change your mind. .
Can I pay off my loan early?
You can pay off your loan early in full or in part at any time (Terms and conditions apply).
Get more information and apply, here: Post Office Loans.
More Companies Offering Personal Loans
Here are more companies that offer a personal loans.
Tesco Bank
Personal Loans
* Tesco Bank offers unsecured loans.
* You can borrow money from £1, 000 to £35, 000 with loan period from 1 to10 years.
* You can borrow £5, 000 – £7, 499 from 3.5% APR. The Length term available is 37 – 60 months.
* You can apply online and get an instant decision.
Get more information and apply, here: Tesco Bank Loans.
Loan.co.uk
Features and benefits
* You can get a personal loan or a home owner loan.
* Personal loan is available from £100 to £35, 000.
* The offer the lowest rates available from over 90 lenders.
* They will also consider adverse or bad credit rating.
Get more information and apply, here: Loan.co.uk loan.
M&S Bank
Features and benefits
* You can get Unsecure loans from M&S Bank.
* You can borrow from £1, 000 to £25, 000. From 12 months to 84 months.
* Representative 2.8% p.a (fixed) on a £7, 600 loan, over a period of 60 months.
* Enhanced rates could be available on certain loans for customers with existing M&S loan or card.
For more information and to apply, go here: M&S Bank Loans.
Difference between secured and unsecured loan?
Secured loan
A secure loan is when you put down a collateral for a guarantee for the loan such as your house. Because you are putting down a collateral, the interest that you will be charged is usually lower than an unsecured loan.
Unsecured loan
An unsecured loan is when you do not put down a collateral as a guarantee.
Because you are not putting down a collateral as guarantee, the interest you pay will usually be higher than a secure loan.
How to decide which loan is right for you
- You should decide if you really need to take out a loan, as you will need to pay it back.
- Decide if you want a secure or unsecured loan.
- Check who offers the best interest rate and if you are happy with what they are offering.
- Decide, if you will be able to afford the payment terms.
- Then decide which loan is right for you.
Documentations required for ID
- UK Passport, Biometric Residence Permit, Foreign Passport and Visa.
- EU and EEA National Identity Card.
- Resident Permit or Naturalisation Certificate.
- UK Driving Licence / EU EEA Driving Licence.
Documentations required for proof of address
- Bank Statement.
- Credit Card Statement.
- Gas and Electric Bill.
- Mortgage Statement.
- Benefit Statement, such as Universal Credit (dated within 12 months).
- HMRC Tax Notification (dated within 12 months).
- UK Credit Union Statement (dated with 12 month
Additional information
For debt advice, go to: The National Debtline.
If you would like more information about bank regulations, go to: Financial Conduct Authority (FCA).