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Your loan might not need to be secured

No doubt you've come to Explore Loans looking for a deal on a loan that will make your visit worthwhile. But have you considered what kind of loan you'll be looking for? Do you need to consolidate debt? The two main categories are secured and unsecured. We offer both types, but on this page we're talking about unsecured loans and what this means to you, the borrower. Before you apply for unsecured loan quotes, please read on.

Will you pass the R factor?

As a general rule, unsecured loans are granted to people who are clearly in a financial position to repay the amount borrowed. In other words, your risk factor will be calculated, and this will be based on your wages, earning potential, the state of your existing debts, your financial history and other things such as your postcode and whether you're a homeowner. Then the amount you wish to borrow is considered; in other words, you could be a low risk to borrow a hundred pounds but a high risk to borrow a million.

You've proved yourself - now start saving

Once your calculations have been carried out, and assuming you pass for the amount desired, you can start looking for unsecured loan quotes. This is where Explore Loans really start making a difference. After we have worked out that you're eligible, we will work like crazy to find you the cheapest loans available. We can't affect your financial position now, but we certainly can make it better in the future. Apply online now.