1. Secured Loans although sometimes cheaper, carry a higher risk of causing financial problems if you find yourself unable to pay for a period of time.
2. Check the penalties you will be required to pay if you are unable to make a repayment.
3. Debt Consolidation loans usually reduce your payments because they spread your existing borrowing over a longer period of time.
4. Consider the total interest payable
5. Consider the cost of early settlement, especially for large loans.
6. When you compare interest rates, take into account any arrangement fees.
7. Seek independent financial advice if you are at all unsure about anything before you apply.
8. Some of the loan companies below may provide online applications with instant decisions.

But is it really personal loans that you want? Well, you need to look at a few factors. How long will you need in which to repay the loans? Is it less than a year? If it is then you would be better advised to use a credit card. If you need to borrow money for between one and five years, then loans might be better. Then there is the amount of money you want to borrow. If it is less than £5000, then having a credit card would mean you can pay it off at your own pace, although the interest charges will be higher. Should it be over £5000, you should use loans.

Many people also get what is known as a debt consolidation loan, which is where you pay off a number of different debts with one single loan. You can use this to pay off credit cards, and other loans and this can reduce your overall cost of credit. But, it is usually a secured loan - likely to be on your home - which is consolidating unsecured debts, so whilst the interest you pay will be down, your risks will be raised significantly.

There are many types of loan providers. Banks and building societies offer loans, as do more specialist finance companies. It pays to shop around in such a competitive market. It also pays to learn about the different criteria used by the different lenders when they choose their borrowers.

To help you, we have produced a search and select application, which allows you to compare loan providers. You can look at the interest rates that are provided for certain amounts, or certain payback periods. You can find secured and unsecured loans and you also have the facility to apply online. Our service will also outline the criteria used by loan providers, which will save you some time as you don't have to apply for loans you won't receive.

We also look at the student loans, and career development loans, as well as the bridging and home improvement loans, which are more property-related.

FAQ - What is a personal loan? - What is a secured personal loan? - What is an unsecured personal loan? - Do companies specialize in student loans? - What is the difference between a bank loan and a personal loan? -Will I be able to get a loan if I have bad credit? - I need to consolidate my debts, is it advisable to get a consolidation loan? - What is a bridging loan? - How do I find the cheapest rate for loans? - How do I find a low interest loan? - What is a career development loan? - I am a tenant, how am I able to get a personal loan? - What is a home improvement loan? - Can I take out payment protection on the loan? - Is Payment Protection Insurance Suitable for me? - Can I claim on PPP if I am suffering from stress or mental illness? - What is the difference between a mortgage and a loan? - What is a business loan? - How are Business Loans structured? - Should I get a Small Business Loan? - What is a home equity loan? - What are the tax laws on UK loan interest? - How do I get an online loan? - What kinds of loan company can I find? - What is a Flexible Loan? - How do I apply for a loan? - How do I get a fast loan? - How do I get an easy loan? - How do I use a loan calculator? - How do I get a fast cash loan? - How is my loan rate calculated? - How do I compare APRs? - What is credit scoring? - Why do some lenders decline my loan applications? - What is a credit reference agency? - What do I do if credit reference agency information stops me getting credit? - What do I do if I get into loan repayment Difficulties? - What are the alternatives to taking out a loan? - What are the different types of loan interest? - What are car loans

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