Loan Types

Compare personal loans: To help you navigate through the world of personal loans, here at Advantage Loans we’ve taken the time to explain the important differences between 8 of the UK’s most popular types of loans…

Short Term Loans

What is a short term loan? A short term loan is a loan that is designed to be repaid over a relatively short period of time, usually either a few weeks or months. A repayment term is agreed at the beginning of the loan, but it is possible to pay off the loan sooner than […]

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Direct Loans

What is a direct loan? A direct loan is a loan that you agree directly with your lender. There is no-one else involved, for example a credit broker to help you find the loan. You go to the lender direct.   What are the advantages of a direct loan? There are two main advantages of […]

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Online Loans

What are online loans? An online loan is a loan that you arrange totally online from either your computer or smartphone. There is no face to face appointment or interview, you can do everything from the comfort of your own home. And because everything is done online, you can apply for your loan any day […]

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Cash Loans

What are cash loans? Sometimes you just need money fast. You have some kind of emergency and need to be able to pay for something immediately. A cash loan is an instant loan that will get money into your bank account within minutes. Ready to deal with whatever circumstances you are facing right now.   […]

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Guarantor Loans

What is a guarantor loan? A guarantor loan is a loan that requires someone else to guarantee the loan for you. This means that if for any reason you are unable to make your loan repayments, your guarantor will be obliged to make them on your behalf.   What are the disadvantages of a guarantor […]

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Payday Loans

What is a payday loan? A payday loan is a loan that usually lasts just for a few days. It is designed to help you get through the rest of the month – to payday – if you have run out of money. What are the risks with payday loans? There are three main risks. […]

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Secured Loans

What is a secured loan? If a loan is secured, the lender is given legal access to something you own – for example your home or car – as security for the loan. This means that if for any reason you are unable to make loan repayments, the lender could use your home or car […]

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Unsecured Loans

What is an unsecured loan? An unsecured loan is a loan that is completely independent of anything else you own. It is not secured on an asset such as your home or car, so there is no risk of the lender being able to repossess your home or car if you are unable to make […]

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