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    s borrow billions of pounds every year. Borrowers take these loans to meet the high standard of living which they may not be able to do at their current income lev
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    At some or the other stage of our lives we need to fund a need that we can’t manage with our current cash flow. These needs could be a vacation abroad, a new house, a car or a family function. This is the stage when loans come to our help.

    Types of loans:

    Loans could be secured or unsecured. Unsecured loans are not backed by any security or collateral. Credit cards are examples of unsecured loans. Secured loans are backed by a collateral or security and hence the term ‘secured’. The collateral could be a house in case of a home loan or the vehicle in case of a vehicle loan.

    When does a borrower need these loans?

    UK residents borrow billions of pounds every year. Borrowers take these loans to meet the high standard of living which they may not be able to do at their current income leve

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    , a car or a family function. This is the stage when loans come to our help.

    Types of loans:

    Loans could be secured or unsecured. Unsecured loans are not backed by any security or collateral. Credit cards are examples of unsecured loans. Secured loans are backed by a collateral or security and hence the term ‘secured’. The collateral could be a house in case of a home loan or the vehicle in case of a vehicle loan.

    When does a borrower need these loans?

    UK residents borrow billions of pounds every year. Borrowers take these loans to meet the high standard of living which they may not be able to do at their current income lev

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    t backed by any security or collateral. Credit cards are examples of unsecured loans. Secured loans are backed by a collateral or security and hence the term ‘secured’. The collateral could be a house in case of a home loan or the vehicle in case of a vehicle loan.

    When does a borrower need these loans?

    UK residents borrow billions of pounds every year. Borrowers take these loans to meet the high standard of living which they may not be able to do at their current income lev

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    ed’. The collateral could be a house in case of a home loan or the vehicle in case of a vehicle loan.

    When does a borrower need these loans?

    UK residents borrow billions of pounds every year. Borrowers take these loans to meet the high standard of living which they may not be able to do at their current income lev

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    s borrow billions of pounds every year. Borrowers take these loans to meet the high standard of living which they may not be able to do at their current income level. It is a very practical option to take a loan these days. The interest rates are low, easy repayment option are available and above all if a borrower does a bit of shopping around he/she can get the best deal.

    Interest rates on a secured loan:

    In case of secured loans the interest rate is known as annual percentage rate or APR. APR in case of a particular loan depends on a host of factors like borrower’s credit history, loan amount, loan duration and some times on the lending institution. The interest rates are the lowest on secured personal loans in the UK. APR typically ranges from 6% to 25%. As a borrower you may get the best int

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