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We offer all kinds of loans. Which one suits your needs?

Guarantor Loans

Loans at competitive rates with the help of a friend or family member.

No Fee Loans

Get a loan without having to pay an upfront fee – avoid being scammed.

Payday Loans

Get some cash to tide you over until next pay day. Just make sure you can afford it.

Short Term Loans

Borrow small amount of money over a flexible loan term usually under one year.

Unsecured Loans

A personal loan that it not secured against your property. You can borrow up to £25,000.

12 Month Loans

12 month loans are a fantastic way to borrow in the short term while avoiding high interest rates.

Logbook Loans

If you have a car, securing a loan on it could be a great way to get the finance you need.

Bad Credit Loans

A bad or poor credit history? Some lenders can still lend you money.

Instalment Loans

Borrow small amounts over extended periods to make sure you can afford the repayments.

Car Loans

Borrow money to buy a brand new or second hand car from anywhere you want.

It’s free. It’s no obligation. Why not have a chat with us and see if we can help?

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LoansWhat type of loan do I need?

So you’ve decided that you need to borrow some money. It might be an impulse decision – who hasn’t decided to buy something on a whim – or it might be something you’ve been thinking about for ages. So all you need to do now is find out who’ll give you the best deal on loans.

You start to look around the market, only to find there’s so much choice that it all becomes confusing. There are so many names: Payday; Guarantor; Installment; Unsecured; Flexible; Car; Logbook; Secured; Short-term; Micro. You’re now finding it hard to make the right choice? Read on for some helpful information on some of the main loan types on offer today. As a broker, Talk Loans can help you whichever product you decide to go with, or can give you more help making the right decision for you.

Payday Loans
Payday loans are small – normally no more than £1,000 – personal loans. They are available to most people with an income. If you are looking to borrow a small amount of money and know you can pay it back on your next payday then a payday loan MIGHT be the right option for you. Normally though there are better alternatives, but if you’d like to find out more, click here to read our more detailed explanation of payday loans.
Guarantor Loans
These loans are becoming far more popular in the UK. Basically a lender will give you the money you’re looking for if you can get someone else to sign up with you. If you then don’t make the repayments, the lender has two people they can chase. If you have bad credit, or have never had any credit, a Guarantor loan could be the best option for you. Normally the Guarantor has to have a good credit history and often has to be a homeowner. Because it’s safer for the lender, you can usually get the best rates and save a lot of money in comparison to other types of loan. Other loans can be 4,6 or 10 times as expensive as a Guarantor loan. For more information, including about who can be your guarantor, please read our detailed guide.
Instalment Loans
This term is being used more and more by lenders who are looking to offer loans that are not Payday loans. It simply means a loan that you can pay back in more than one payment. The term (length) of your loan can vary from 2 months up to 25 years (depending on the lender). Most loans are instalment loans of one kind or another. In fact, typically the only loans that aren’t instalment loans are Payday loans.

Just because you’re told it’s an instalment loan doesn’t mean it’s right for you. Always check the full details with the lender or ask us to explain it for you if you are unsure.

Unsecured Loans
An unsecured loan is typically an instalment loan which is not secured on anything you own – like your house or car. Most personal loans in the UK are unsecured and this term can be applied to payday loans, instalment loans, flexible loans or pretty much any other type. A word of caution though, just because a loan is unsecured does not mean the lender cannot take action against you if you end up not paying them back.
Flexible Loans
A new type of loan coming onto the market. In many ways they are like a payday loan (often the rates are similar) but you as the customer can choose when you pay the loan back. Whilst it sounds great, you do have to pay the full amount back and it’s often not quite as flexible as you might hope. Talk to us about the options available to you.
Car Loans
There are two main types of car loans. First are loans secured on the car. Normally these are arranged directly by the dealer and can be a good, simple way of getting the car you want. The second type are just normal installment loans that brokers and lenders are advertising to people looking to buy a new vehicle. Sometimes, arranging a loan without using the garage / dealer can mean you get a better deal as you can then haggle as a cash buyer. Read more about the pro’s and con’s of arranging you own finance here.
Logbook Loans
Logbook loans are a different way of borrowing money. Typically you will need to own a car or motorbike with no other finance. A lender will then lend you money based on the value of your car. Logbook loans can be a very quick way to get a large amount of money, but can be very expensive and if you can’t make your repayments, you could lose your car. This could make your situation worse so think carefully before signing up. Speak to our team for more details.
Secured Loans
Normally secured loans are for larger amounts – sometimes up to £100,000. To qualify you need to be a homeowner and have some equity in your property. The rules around secured loans are very different to unsecured loans, but can offer better rates. Speak to one of our team if you think this could be an option for you. The process can take longer, but typically you can get the cheapest deal with a secured loan.
Short Term Loans
Short term loans is just another name for Instalment loans. Often aimed at customers who need a small amount of money and either can’t afford a payday loan, or don’t want one.
Micro loans
This is an American term which is now being seen more and more in the UK. Micro loans are just small instalment or payday loans. There’s nothing special about them so for more detailed information read our detailed guides on the links above.

Still confused by the choices? Remember, Talk Loans is a broker so we can assist you with a wide range of different financeproducts. Speak to one of our team today.