There are a number of different types of loans available from UK lenders and Blue Mountain can help you find the best loan for your needs. Here you will find advice about the most popular types of loans:
Secured Personal Loans
Large loans, sometimes up to £100,000 can be obtained by using your home as security. These loans are referred to as secured loans and you risk losing your home if you cannot keep up the repayments.
Unsecured Personal Loans
Unsecured loans are available to tenants and homeowners and usually range from around £1,000 to £25,000. These types of loans are usually paid back over a term of up to 10 years and you do not need to use your home as security to take out the loan.
Commercial Loans
Many businesses take out a commercial loan in order to buy commercial property, expand current premises, take on new staff, or buy new equipment. Many lenders now offer commercial loans of up to £2 million.
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