The sixth biggest bank in the UK, Abbey offers both personal and secured loans at competitive rates. Their personal Abbey loan product is available at a fixed typical rate of 7.90% APR on amounts between £500 and £25,000; with repayment terms ranging from 1 to 8 years.
The personal Abbey loan is unsecured, allowing you to borrow money at a rate to suit your budget without risking the loss of your home in the process. As you are not requested to provide collateral for an unsecured Abbey loan, your personal credit rating will be reviewed in order to assess the rate of interest offered.
If your credit rating is less than perfect, you may wish to consider a secured Abbey loan option. Abbey offers a secured loan to its existing Abbey mortgage customers, allowing them to extend their mortgage loan at reduced interest rates. You may be eligible to release up to 90% of the equity in your home and spread repayments over any period, even beyond the term of your current mortgage.
If you are not an existing Abbey mortgage customer and are seeking a secured loan, complete the form on this page to compare Abbey loan products with other UK secured loan lenders. You might find that you are eligible for more favourable rates and loan terms by offering security for the loan, allowing you to keep your repayments affordable to suit your budget.