Secured & Unsecured Personal Loans

Get all the Yourcounty updates free to you mailbox by signing up for the Kent Review here.

Loans below, financial products and services directory here.

Secured & Unsecured Personal Loans

If you are thinking of taking out a secured loan you'll need to make sure you check the terms and conditions of the respective loan companies. The principle of a secured loan is that the debt is secured against an asset of a value at least equal to that of the loan, typically a property, but in some circumstances a loan can sometime be secured against other assets.

Many of the leading retailers also offer unsecured loan products. An unsecured loan is a loan where a charge is not made against any asset.

For both secured and unsecured loans you may wish to consider loan repayment protection. This is a form of insurance taken out that covers your payments if you are unable to work either due to an accident, sickness or unemployment. These policies also generally offer some life cover. However if you are going to take out a loan with payment protect you will need to calculate your repayments including the insurance premium; it can make a significant difference to the overall cost.

To get the best loan deal you'll need to shop around and take into account all the factors that will influence the total repayment cost. For example:

Total amount borrowed
Total loan period
Loan protection costs
Any penalties for early repayment
Penalties for late payment
Any other terms and conditions

Featured secured and unsecured loan providers:

Yourcounty does not have responsibility for third party website, see our disclaimer here.