General Tips on Personal Loan

Personal loans are loans that a bank or other lender makes that are not secured against any asset such as your property. They’re also known as unsecured loans.

10 top tips for taking out a personal loan.

1. Shop around

   
   




2. Check the small print

   
   




3. Think about early repayment charges

   
   




4. Shop around for PPI

   
   




5. Check your credit rating

   
   




6. Consider a credit card

   
   




7. Check out peer-to-peer lending

   
   




8. Borrow more

   
   




9. Don’t apply for too many loans

   
   




10. Know the risks of secured loans