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    y, in exchange for agreeing to give the bank this security, the bank will agree to offer you a marginally lower rate of interest on the borrowing than you would otherwise have been charged on an unsecure
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    Britons’ today are borrowing more money than at any other time in our history. With such huge sums being borrowed on personal credit, UK banks are acutely aware of the potential for huge profits. However, unlike the days of past, in today’s market banks need to be ever more innovative with the marketing of their loan schemes if they’re going to have any chance of capturing your potential loan business. So, what type of UK loan do you have?

    Nearly every single loan in the UK will still fall within one of two very broad classifications – what is known as a ‘secured’ loan, or, alternatively, an ‘unsecured’ loan. With a secured loan, you, as the borrower, agree to provide the bank, as the lender, with security to give the bank some assurance that they’ll be repaid the money you borrow. Generally, in exchange for agreeing to give the bank this security, the bank will agree to offer you a marginally lower rate of interest on the borrowing than you would otherwise have been charged on an unsecured

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    er, unlike the days of past, in today’s market banks need to be ever more innovative with the marketing of their loan schemes if they’re going to have any chance of capturing your potential loan business. So, what type of UK loan do you have?

    Nearly every single loan in the UK will still fall within one of two very broad classifications – what is known as a ‘secured’ loan, or, alternatively, an ‘unsecured’ loan. With a secured loan, you, as the borrower, agree to provide the bank, as the lender, with security to give the bank some assurance that they’ll be repaid the money you borrow. Generally, in exchange for agreeing to give the bank this security, the bank will agree to offer you a marginally lower rate of interest on the borrowing than you would otherwise have been charged on an unsecure

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    . So, what type of UK loan do you have?

    Nearly every single loan in the UK will still fall within one of two very broad classifications – what is known as a ‘secured’ loan, or, alternatively, an ‘unsecured’ loan. With a secured loan, you, as the borrower, agree to provide the bank, as the lender, with security to give the bank some assurance that they’ll be repaid the money you borrow. Generally, in exchange for agreeing to give the bank this security, the bank will agree to offer you a marginally lower rate of interest on the borrowing than you would otherwise have been charged on an unsecure

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    unsecured’ loan. With a secured loan, you, as the borrower, agree to provide the bank, as the lender, with security to give the bank some assurance that they’ll be repaid the money you borrow. Generally, in exchange for agreeing to give the bank this security, the bank will agree to offer you a marginally lower rate of interest on the borrowing than you would otherwise have been charged on an unsecure
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    y, in exchange for agreeing to give the bank this security, the bank will agree to offer you a marginally lower rate of interest on the borrowing than you would otherwise have been charged on an unsecured loan. As such, the traditional types of secured loans you’ll find on offer include home mortgage loans, home improvement loans, re-mortgage loans, home equity withdrawal loans, and, in some cases, car loans. Just as all of these can be unsecured (although in some cases, such as a home mortgage loan, this would be rare), it’s also possible to have a secured loan that doesn’t exactly fit any of these either.

    Unlike secured loans, with an unsecured loan you do not agree to give security over an asset in return for borrowing money from the bank. As such, if you fail to repay the loan, the bank effectively risks losing all of the money it lent to you. Because of this, the bank will normally charge higher rates of interest on an unsecured loan. Also, in most cases, the amount being lent to you i

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