Unsecured Loans for UK residents
Our unsecured loans mean you don’t need collateral to apply. Get an instant decision with no fees and no credit checks.^
Representative 49.7% APR. Warning: Late repayment can cause serious money problems. For help, please visit the Moneyhelper website.
We are an authorised credit broker and not a lender.
Representative 49.7% APR
Representative Example: Rates from 43.1% APR to 1333% APR. Minimum Loan Length is 1 month. Maximum Loan Length is 36 months. Representative Example: £1,200 borrowed for up to 75 days. Total amount repayable is: £1506. Interest charged is 0.34% per day, amounting to £306, annual interest rate of 124% (variable). Representative APR: 49.7% (variable).
Lendability is a credit broker and not a lender. High cost short term credit is unsuitable to support sustained borrowing over long periods and would be expensive as a means of longer term borrowing
Apply for Unsecured Loans with Lendability
An unsecured loan is a personal loan that has no collateral against it to secure the repayment, such as a property or vehicle – often known as secured or logbook loans.
They can be useful if you have a good or bad credit history and can afford the repayments, but they can be more expensive than other types of loans because the lender is taking on more risk. Often you can get a better rate and borrow more with a secured loan, however, they are not particularly practical for small, short term borrowing,
If you’re thinking about taking out an unsecured loan, make sure you understand the risks and what you can use the money for. You should also compare different lenders to see who offers the best rates.
What are unsecured loans?
An unsecured loan is a personal loan that doesn’t have any collateral against it to secure the repayment. This means that if you can’t afford to repay the loan, the lender can’t take your home or car away from you.
They are often known as unsecured or personal loans and they are a popular way to borrow money because they are available to people with a good or bad credit history. You can use an unsecured loan for a number of things, including debt consolidation, home improvements or to buy a car.
How do unsecured loans work?
Unsecured loans are repaid over a set period of time, usually between one and five years. You will make fixed monthly repayments, which will include interest and fees. The amount you pay each month will depend on the size of the loan, your credit history, and the interest rate.
When you take out an unsecured loan, you will be offered the amount you requested in most circumstances, however, it is not uncommon for lenders to offer a lower amount if they consider your application carries more risk than they would usually prefer. You should never borrow more than you can afford to repay, so make sure you only take out a loan that matches your exact needs.
How it works
We have worked hard to make the loan application process as simple as possible to ensure you get your loan when you need it.
APPLY ONLINE
This application is 100% safe and secure, your data is encrypted. Applying with Lendability will not affect your credit score.^
CHECK OFFERS
Wait for your loan results and check the loan terms and conditions. You must ensure it is affordable before accepting any offer.
GET FUNDS
Once you have signed your loan documents and the lender has made their final checks, your loan will be sent to your bank account.
Unsecured Loans for any purpose
Does Lendability offer unsecured or secured loans?
All of the lenders that we work with on Lendability are unsecured lenders, meaning you will not need to provide any guarantees for the loan.
What are the advantages of an unsecured loan?
Typically access to an unsecured loan is much faster than secured loans because you are not required to provide proof of your collateral (such as house deeds or car logbook).
When should I consider a secured loan?
Generally only those seeking considerable loan amounts (upwards of around £20,000) would need to take a secured loan.
Can I still get an unsecured loan with poor credit?
Yes, you can – our lenders are specialists in lending to those with some history of poor credit.
Ready to apply for a loan?
Guides & Articles
Take a look at a selection of our most popular guides and articles about personal finance and the loans that we offer.
^Lendability will not perform a credit check, lenders may complete a soft check when considering your application for a loan. If you accept a loan offer, the lender will perform a hard search which may be recorded on your credit report. Not all lenders are able to make same day payments and this may also depend on your bank.
Lendability does not charge its customers for using its credit broking services but we may receive a commission from lenders or other brokers if a customer accepts any credit related offer or enters a credit agreement through this website.
Lendability is a trading name of Warwick Financial Services Limited, a company registered in England and Wales with company number 09011092. Registered office: 4th Floor, 18 St Cross Street, London, EC1N 8UN. FCA Licence number 622839. ICO registration number ZA101793.