ASDA loans are available as both secured and unsecured; the homeowner ASDA loan may be a good choice if you are looking to release some of the value of your home; while the personal ASDA loan provides a good borrowing solution for those who wish to borrow a smaller amount, between £500 and £25,000.
If you are considering an ASDA loan, you should first assess your borrowing requirements, in order to determine the borrowing option that best suits your needs. The major difference when comparing the homeowner ASDA loan and the personal ASDA loan is that a homeowner loan is secured, while a personal loan is unsecured. If you are a homeowner, a secured loan may offer the lowest rates and most flexible loan terms in return for the lowered risk on the behalf of the lender. However, secured borrowing also carries with it the risk that you may be forced to sell your home in the event that you fail to complete your repayments.
To discuss your ASDA loan options with an independent expert, complete the form on this page. Totally Money will connect you with advice that is tailored to your personal circumstances, to discover whether an ASDA loan is the best fit for your requirements.