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Unsecured Loans
An unsecured loan is a loan that doesn’t have the security of an asset being held against it.
It might be that if you don’t have a property of your own that you will need to apply for an unsecured loan.
As a result of not having any security against the loan the lenders typically requires higher interest rates as they carry higher risks in the event of the loan repayments not being made (typically lenders are quicker to take legal action to recover missed installments).
As a result of the lender only being able to lend against the person wanting to borrow rather than against an asset in the case of a secured loan your personal circumstances will have a key influence over the loan terms that you are offered by the lender.
To help Alphabet Money obtain the best deal for your circumstances we need you to complete the customer needs form click here. This will allow us to give a true and accurate picture to the lender to allow them to understand your personal situation.
One of the benefits of taking out an unsecured loan is that your application can be processed faster as there is no property or asset to be valued. At Alphabet we recognize that you want us to deal with your requirements quickly so we would just need you to answer all of the application form by clicking here.
