What is a personal loan?
A personal loan is money borrowed from a lender that isn’t secured against any assets such as a house or car. Because the terms are flexible, you can choose how long you would like to take to pay off the loan. You’ll pay it all back over that time in fixed monthly repayments, along with pre-agreed interest.
A personal loan comes in handy whatever your circumstances. If you’re planning a major lifestyle change or simple home renovation, and need the funds to make the transition, the ease and convenience of a personal loan could help you budget more easily and take better control of your finances.