Beat Your Quote searches the market to find the best loan no matter what your circumstances.
We identify and match the right lenders to your needs and will never charge an up front fee for the service.
Just identify whether you require a secured or unsecured loan and start your no obligation quote below;
LOANS FROM £1,000 TO £15,000
- Loans for any purpose
- Repayment period from 12 – 60 months
- No upfront fees
- Home owner or tenants
- Simple application
An unsecured loan is solely based upon an individual’s financial situation, taking into consideration their creditworthiness, credit history and their overall persona and reputation. Once this has been considered, the borrower signs a promissory note, but is not required to produce any collateral, hence the term ‘faith loan’ (supported by the borrower themselves). It is a loan which is not evidently backed by any form of collateral such as an asset.
Unsecured Loans, also known as personal loans, carry no risk of repossession because no collateral is given to the lender.
LOANS FROM £10,000 - £500,000
- Over 200 products searched
- Repayment period from 3 – 25 years
- No upfront fees
- Home owner loan
- Household brands
A secured loan is a loan in which the person borrowing has guaranteed some sort of asset which acts as security for their loan. This in turn becomes a 'secured' debt which is owed to the creditor who primarily initiates the loan. In addition, this means that there is less risk for the lender as they would be able to repay any unpaid debt by taking the borrowers’ assets, if they fail to keep up repayments.
Equity means the value of your home minus the value of any mortgages/ secured loans that are against it. If the borrower decides to withdraw from such lending, the initial creditor has the right to take ownership of the asset provided for security (used as collateral) and regain a percentage of the amount that was originally lent to the borrower.