Unsecured Personal Loans - NHS Staff Benefits
Personal unsecured loans up to £25,000
Considering an unsecured loan? Complete this form to explore your options.
A personal unsecured loan is a loan which has been obtained without the use of property or assets as collateral. That means your loan is not secured against any assets.
You can find out instantly whether you are eligible for an unsecured loan by completing our online form
Every lender we work with only does soft searches (also known as credit checks) at the initial stages. This means that the searches will not show up on your file and but will not be visible to other lenders, protecting your credit rating.
Unsecured Loan representative example
If you borrow £5,000 over 5 years at a rate of 14.9% APRC fixed, you will pay 60 instalments of £116.26 per month and a total amount payable of £6975.60. This includes the net loan, interest of £1975.60, a broker fee of £0.00 and a lender fee of £0.00. The overall cost for comparison is 14.9% APRC.
The actual rate available will depend on your circumstances.
11.9% Representative APR
Unsecured Personal Loans
What is available?
- Personal unsecured loans of up to £25,000 (two year minimum term) are available to UK residents (min 2 years' residency) over 18 years of age.
- Affordability is paramount: Applicants must have sufficient disposable income to afford the loan.
- Unsecured loan applicants must have a clean credit history (no defaults or CCJs).
- Employed, self-employed and retired applicants are all accepted with a sufficient, provable income.
Currently unavailable
We are currently reviewing our unsecured loan lending panel and are unable to accept applications for unsecured loans.
Frequently Asked Questions
Does it affect my credit score to apply?
No. All our lenders use ‘soft’ credit checks which do not affect your credit score.
How long is the online application?
It’s quite short. We just need contact details, 3 years’ address history, 3 years’ work history, income details and what you want the loan for. It all takes about 5-6 minutes to complete.
How long does it take before the loan is paid out?
Depending on the lender you are approved with it can be same day but most likely 24-48 hours.
What if I'm not approved for an unsecured personal loan?
We have other options: you could look at a Secured Loan if you are a homeowner or a Guarantor Loan if you are not.
Is the loan at a Fixed or variable rate?
All Unsecured Personal Loans we offer are at a fixed rate for the term of the loan.
What do I need in order to apply for an unsecured loan?
Applying for a personal unsecured loan is fairly straight-forward, especially with the support of our expert team. Here's what you will need:
- Eligibility CriteriaYou must be an 18+ UK resident with a clean credit report and sufficient earned income to pass affordability checks in order to apply for an unsecured loan.
- Documents RequiredOnline application form, proof of ID and proof of income (payslips or bank statements) will be required. You will also need to have a valid email address.
- Additional CommentsIf approved for an unsecured loan you can be funded within 24 hours, though some providers' processes will take slightly longer.
The personal unsecured loans market is competitive and crowded. With many, many potential lenders out there, it can be difficult for individuals to identify their best options and avoid lenders with questionable reputations.
At Choice Loans, we help you explore your options, quickly, conveniently and expertly. With links to major lenders, we can deliver almost instant responses to your applications, bringing you the best quotes from trusted providers – fast.
Contact Us Today
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