What this site is for

The aim of Fast Cash Today UK is to help the user apply for a low interest UK loan easily.Only loans that you can apply for online are featured. Most of them are personal loans although there are some providers that offer remortgages and car loans.Most of the featured loans are unsecured although there are some providers featured that will offer a secured loan based on any property you own. After visiting this site you will be able to make an informed choice without spending hours "surfing".
Listed below aresome answers to some common questions that will help you with your loan application.

Secured or Unsecured loan?

A secured loan is where you borrow money on the basis that if you default on the loan, you sell your home to pay the debt. Yes it is risky, but sometimes it is the only way to get your hands on a large sum of money. Secured loans tend to be higher value, (£1000 - £1 million).
An unsecured loan is not lent on the basis of anything valuable you own. Your salary is the deciding factor when you apply for an unsecured loan. Most will not lend more than half of your salary.Unsecured loans are often lower value (£1000 to £15,0000) than a secured loan because it is perceived as higher risk. Your creditors have nothing to take if you default.

Should I go for the lowest interest rate?

Yes probably, but there are many factors here to consider...

• Is the lender flexible? Can you have a payment holiday?
  
  Sometimes you are allowed a few months break from the repayments, or you may not have to start paying for 3 months
  
  
• What is the early redemption penalty?
  
  (ie If you pay the loan off before the end of its term, are you charged?) Most lenders will charge two months interest.
  
  
• How many months do you need to pay the loan off?
  
  Some lenders will give a maximum of 5 years, others will give 25 years.
  
  
• What if my credit rating isn't very good?
  
  Some lenders are fussier than others, generally, the banks are quite fussy, other smaller companies charge a slightly higher interest rate but will consider most people's details.