A secured personal loan is one where you can provide us with a charge over one or more of your possessions as security.
An unsecured personal loan is one where you do not provide us with a charge over one or more of your possessions as security.
Available security may have an effect on how much you can borrow. When you use security on a loan you are in effect guaranteeing that loan with those possessions.
Should you not meet the terms of your loan contract then this may lead to the security being repossessed and sold, however at Instant Finance we will do everything we can to work with you to avoid this situation.
Instant Finance offer secured and unsecured loans. The type of personal loan would be based on a range of factors including your circumstances, affordability, security you may be able to provide, credit record and whether you are borrowing responsibly.