Unsecured Loans From Cockle Finance
An unsecured loan is commonly known as a personal loan and it can be helpful to cover the cost of bigger purchases, car repairs or even holidays. The decision on the unsecured loan will depend entirely on your past credit choices and income vs outgoings. You are allowed to borrow the money on the basis that you agree to pay your unsecured loan back within the timeframe you’ve promised.
We are well versed with unsecured loans and if you have any questions before applying, then we can provide you with advice and guidance; ensuring you’re clear about what’s involved and any potential risks. Apply for an unsecured loan with Cockle Finance online today or give us a call to discuss the loan options we have available. Please note that Cockle Finance is a broker for online loans and not the lender.
What is an Unsecured Personal Loan?
An unsecured loan is one that is based on a persons credit rating and affordability, rather than using collateral against the loan. As there is less security for the lender, an unsecured loan can be slightly more difficult to be approved for, especially if you’ve has bad credit in the past.
The more your income us and the higher the credit score, there more likely you are to be approved for an unsecured loan with us. One of the main advantages of an unsecured loan is you don’t have to worry about your collateral being repossessed.
The criteria for unsecured personal loans is much stricter and it will all depend on your previous repayment history. Unsecured loans are much more flexible than credit cards and your repayments will help to reduce the overall amount of the loan until it is cleared. Please note Cockle Finance is a broker for online loans and not the direct lender.
What To Consider Before Applying For A Personal Loan
Before rushing into a personal loan, there are a number of things you should consider as this will help you to make a more informed decision about whether this is the best type of loan.
- Interest Rate – Check the interest rate on the loan and the interest rate you’ll be paying to see if you get the best deal.
- Research – D your research and make sure that an unsecured loan is the best option to take in both the short and long term.
- Monthly Payments – Work out your monthly payments and see if they will be affordable during the whole period of the loan.
- Total Amount – Work out what the final balance of the loan to see how much interest you’ll be paying on top of the amount you lend.
- Budgeting – Work out if there are any costs for missed payments, late payments or early termination.
Benefits of Unsecured Loans
- Unsecured loans are more common than secured loans
- Most interest rates are fixed, meaning you’ll pay the same amount every month until the loan is paid off
- No form of security or collateral is required to proceed with the application
- Many unsecured loans allow for flexibility with both the loan amount and repayment period
Applying For An Unsecured Loan
Our flexible unsecured loans can be spread over a period of time that works for you and with a repayment amount that meets your financial needs. When you apply for a loan with us, we’ll assess the details you provide us with and one of our agents will be in touch with you to finalise the terms of the agreement.
The more information that can be provided to support your personal loan application, the easier it will be to get approved. We understand that everyone has different circumstances and that’s why we’ll take into account more than just your credit rating. Applying for an unsecured loan with Cockle Finance is easy. Cockle Finance is a broker for online loans and not the lender.
Why Choose Us For Unsecured Loans?
Unsecured loans are used by a wide range of people for all types of purposes and we tailor unsecured loans to meet our customer’s requirements. We have years of experience and some of the reasons you should choose us are:
- Consumer Credit Association Members
- Local Loan Company
- Our Unsecured Loans are tailored to suit your needs
- We are a family run business that put its customers first
- Spread the loan over a period that suits you
Please note, Cockle Finance is a broker and not the lender for online loans.
For Unsecured Personal Loans Apply with Cockle Finance
When it comes to needing an unsecured personal loan, be sure to apply with Cockle Finance. Our unsecured personal loans can be spread over a range of periods and the amount you can lend will depend on your personal circumstances. We are proud members of the CCA and are regulated by the Financial Conduct Authority. Should you require more information or if you’d like to apply for an unsecured loan, then apply online today or give us a call. Cockle Finance is a broker for online loans and not the lender.
Secured Loans - Frequently Asked Questions
Can I get an unsecured loan with bad credit?
Everyone’s personal circumstances are different and just because you have bad credit, doesn’t always mean you won’t get approved. Whilst it might be more difficult to get approved, bad credit doesn’t always mean no to an unsecured personal loan.
Will I be approved for an unsecured loan?
This will be entirely dependent on the loan amount, repayment terms and your creditworthiness. When you apply for a loan through Cockle Finance, the details you provide us with will be assessed and this information will decide whether it’s a yes, no or if we need more information to proceed with the loan application.
What will the APR be on a personal loan?
The APR on a personal loan will depend on a number of factors and the interest rate advertised won’t always be the one you receive. The riskier you are to lenders, or if you’ve had problems in the past with making repayments, the higher your interest rate might be higher.
How long can I borrow the loan amount for?
This will depend on the amount of the loan and your affordability requirements. An unsecured loan can usually be spread over anything from 12 months+.
Do I need to declare the reason for a personal loan?
Most loan applications will ask the reason for the loan, however, this isn’t a deciding factor on whether your application is approved or denied.